Grizzly Provides Geophysical Program Updates to Define Precious and Critical Minerals Targets at Its Greenwood Projects, BC Canada
Grizzly Provides Geophysical Program
Updates to Define Precious and Critical
Minerals Targets at Its Greenwood Projects,
BC Canada
Edmonton, Alberta--(Newsfile Corp. - May 25, 2026) -
Grizzly Discoveries Inc. (TSXV: GZD) (FSE:
G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company")
is pleased to announce that it has recently
received results from the Phase 2 Induced Polarization (IP) Survey at the Sappho Target area by Peter
Walcott & Associates and the Company has commenced a Phase 1 IP survey at the Greyhound –
Motherlode area near the town of Greenwood. In addition, the Company has received the results of early
2026 sampling at the Greenwood, BC Precious and Critical Minerals Project from APEX Geoscience
Ltd. (APEX). The collection of a total of 63 rock grab and sand (tailings) samples has resulted in the
discovery of one new metal occurrence at the Motherlode Northeast (NE) area, along with a number of
excellent copper (Cu) – gold (Au) results from some old workings outside of but along the east side of
the Motherlode Pit, the Sunset Pit area, the Greyhound Pit area and at the Sappho Prospect.
The targets
are all part of the Greenwood, BC Precious and Critical Minerals Project (Figure 1).
The focus of the 2026 program will be additional Induced Polarization (IP) surveys at the Sappho and
Motherlode areas, along with trenching and drilling at Midway, targeting the historical Midway Mine. The
initial drill program at the Sappho Skarn Target area has been completed with a total of 1,485 m in 7
holes. The core is being logged and sampled and results will be provided as they are received.
Additional Phase 2 drilling is also planned for the Sappho area to test the recently discovered and new
IP chargeability anomaly to the southeast of the main skarn area. Additional prospecting, mapping and
reconnaissance sampling will be conducted across the entire project area throughout 2026.
IP and Sampling 2026 Highlights
Phase 2 Sappho IP results extend the IP Chargeability Anomaly up to 500 m south and 1 km east
and is open in both directions (Figures 2 and 3).
The core of the IP Chargeability Anomaly ranges from 30 mV/V up to 85 mV/V in intensity, and in
many instances is coincident with a strong resistivity anomaly or in some cases a weak
conductivity anomaly (Figures 2 and 3).
A total of 63 rock grab samples were collected in January – February from the Motherlode-
Greyhound area, the Motherlode and Phoenix historical tailings areas, from the Sappho skarn
target area and the Rock Creek area (Figures 2 and 3).
A new showing, Motherlode Northeast, has been discovered approximately 780 m northeast of the
Motherlode pit and recent grab samples have returned up to 5.12 grams per tonne (g/t) Au, 66.7 g/t
silver (Ag) and 0.528% Cu (Figures 2 and 3; Table 1).
A number of samples with anomalous Cu and Au were collected from a series of workings along
the east side of the Motherlode pit, that have been uncovered with recent logging of the Motherlode
area, including four rock grab samples returning a range of 0.709% Cu up to 1.8% Cu and 1.37 g/t
Au up to 3.61 g/t Au (Figures 2 and 3; Table 1).
Two rock grab samples collected from a rubble pile previously unsampled at the southeast corner
of the Sunset Pit have returned 1.505% Cu and 1.71% Cu along with 2.42 g/t Au and 3.1 g/t Au,
and 17.8 and 29.9 g/t Ag (Figures 2 and 3; Table 1).
Grab samples from fine sand and silt at the Motherlode Tailings area and one of the Phoenix
Tailings areas has returned up to 0.145% Cu and 0.416 g/t Au from the Motherlode Tailings
material and up to 0.16% Cu and 0.831 g/t Au from the Phoenix Tailings material (Figures 2 and 3;
Table 1).
A rock grab sample collected from the Sappho Skarn Target returned 4.77% Cu, 0.018% cobalt
(Co) and 12.3 g/t Ag (Figures 2 and 3; Table 1).
Brian Testo, President and CEO of Grizzly Discoveries, stated, "
The results from the geophysical
programs at our Sappho target, Midway and Motherlode area, continue to define the most prospective
areas and the potential for new precious metals and critical mineral discoveries. The IP survey has
outlined an extensive porphyry type anomaly at Sappho and we are excited to receive drilling results
from the Sappho Target. We look forward to additional trenching and drilling at Midway along with
additional exploration for significant precious metals and critical minerals prospects across our entire
170,000+ acre land holdings in the Greenwood District!
"
Figure 1: Land position and targets discussed in this News Release, Greenwood Project.
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Figure 2. Greenwood East IP Survey Results and Au Results from 2026 Rock Grab Samples.
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Figure 3. Greenwood East IP Survey Results and Cu Results from 2026 Rock Grab Samples.
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Table 1. Summary Highlights Rock Grab Samples Early 2026 Exploration.
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Plans for Summer and Fall 2026 Exploration at Greenwood
Trenching, rock and soil sampling along with drilling at the Midway Target area is being planned for
summer and fall 2026. The IP surveys are continuing at Motherlode and there are extension lines being
planned for Sappho to try and close out the large chargeability anomaly that has been identified in the
2026 surveys to date (Figures 2 and 3). The amount of drilling will depend upon the financing efforts and
weather.
Additional results, including the results of the recently completed Phase 1 Sappho Skarn Target drilling
will be forthcoming over the next coming months as work progresses and will be presented in additional
news releases.
Quality Assurance and Control
Rock, soil samples and core are being analyzed at ALS Global Laboratories (Geochemistry Division) in
Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay
with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and
rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the
mineralization hosted on the project.
The sampling program was undertaken by Company personnel under the direction of Michael B.
Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of
all samples.
The technical content of this news release and the Company's technical disclosure has been reviewed
and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant
and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral
Projects.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture
Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of
precious and critical minerals properties in southeastern British Columbia.
Grizzly is run by a highly
experienced junior resource sector management team, who have a track record of advancing
exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email :
For further information, please visit our website at
www.grizzlydiscoveries.com
or contact:
Nancy Massicotte
Corporate Development
Tel: 604-315-1455
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the
meaning of applicable securities laws. This information and statements address future activities,
events, plans, developments and projections. All statements, other than statements of historical fact,
constitute forward-looking statements or forward-looking information. Such forward-looking information
and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan,"
"expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates,
opinions and analysis made by management of Grizzly in light of its experience, current conditions,
expectations of future developments and other factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and unknown risks and uncertainties that
may cause Grizzly's actual results, performance and achievements to differ materially from those
expressed or implied by the forward-looking information and statements and accordingly, undue
reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the
availability of financing; fluctuations in commodity prices; changes to and compliance with applicable
laws and regulations, including environmental laws and obtaining requisite permits; political,
economic and other risks; as well as other risks and uncertainties which are more fully described in
our annual and quarterly Management's Discussion and Analysis and in other filings made by us with
Canadian securities regulatory authorities and available at
www.sedarplus.ca
. Grizzly disclaims any
obligation to update or revise any forward-looking information or statements except as may be
required by law.
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