Grizzly Receives Work Permits to Conduct Drilling and Trenching at Four of Its Targets at The Greenwood, BC Precious and Battery Metals Project
Grizzly Receives Work Permits to Conduct
Drilling and Trenching at Four of Its Targets at
The Greenwood, BC Precious and Battery
Metals Project
Edmonton, Alberta--(Newsfile Corp. - September 29, 2025) -
Grizzly Discoveries Inc. (TSXV: GZD)
(FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company")
is pleased to announce that is has
recently received drilling and trenching permits for a number of its priority exploration targets in the
Greenwood area including Midway, Sappho, Copper Mountain (Prince of Wales, Coronation and Mabel
Jenny) and Imperial from the BC Ministry of Mining and Critical Minerals. Grizzly has recently announced
a private placement offering for gross proceeds of up to $1 million (See Company News Releases
dated September 11 and 12, 2025) in order to support planned exploration this fall.
The main focus of the private placement will be to conduct drilling and trenching at the Midway
Exploration Target, targeting the historical Midway Mine. See the Midway highlights below.
Midway Mine Area
At Midway, selective rock grab and composite rock grab samples collected during 2022 from
outcrop at the Midway Mine-Picturestone area, yielded a range of 12.05 grams per tonne (g/t) or
0.351 ounces per ton (opt) Au up to 70.8 g/t (2.065 opt) Au (See Company news release dated
October17, 2022).
Three (3) of the 7 selective rock grab samples from the Midway Mine yielded from 1,360 g/t Ag
(39.7 opt) up to 2,140 g/t Ag (62.4 opt) (see the Company news release dated October 17, 2022).
Two new showings identified in 2023 near the historical Midway Mine including up to 5.64 g/t Au
(0.165 opt) from a showing 400 m to the north of Midway and up to 4.19 g/t Au (0.122 opt) from a
grab sample collected about 375 m to the west of the Midway Mine (Figure 2).
At least 6 new areas with anomalous gold (> 100 ppb), copper (>200 ppm) and silver in soils have
been identified at Midway in work conducted between 2022 and 2024 (Figure 2).
The Midway area is being targeted for copper-gold skarn and epithermal gold-silver.
All highly anomalous samples are from outcrop and characterized by the presence of abundant
pyrite, arsenopyrite with visible galena and sphalerite in a siliceous chalcedonic host. The
mineralization is hosted in polymetallic veins that display the presence of Pb, Zn, Cu, arsenic (As)
and antimony (Sb) and are likely epithermal in nature (Figure 3).
A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t
Au (0.462 opt) and 1,530 g/t Ag (44.6 opt), illustrating that there is potential for additional high-
grade mineralization in the area (Figure 2).
Brian Testo, President and CEO of Grizzly Discoveries stated, "
We are excited and are looking forward
to pursuing a number of high grade gold – silver – copper – lead -zinc showings and historical mines
with drilling in the fall of 2025 along with additional exploration for significant battery metal prospects
in our current 165,000+ acre land holdings in the Greenwood District. We have barely scratched the
surface in terms of exploration!
"
Figure 1: Land position and targets of interest for future exploration, Greenwood Project.
To view an enhanced version of this graphic, please visit:
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Figure 2. Midway geology and showings with gold in soils and rocks.
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Figure 3. Example mineralization present at the Midway Mine.
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Plans for Fall 2025 Exploration at Greenwood:
Trenching, rock and soil sampling along with drilling at the Midway Target area is being planned for fall
2025. The amount of drilling will depend upon the current financing that has been announced.
Rock sampling was conducted earlier in the summer. The results for the Beaverdell sampling will be
announced as they become available. Additional results should be forthcoming over the next coming
months as work progresses and will be presented in additional news releases.
Quality Assurance and Control
Rock and soil samples 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 base metals properties in southeastern British Columbia.
Grizzly is run by 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
For further information, please visit our website at
www.grizzlydiscoveries.com
or contact:
Nancy Massicotte
Corporate Development
Tel: 604-507-3377
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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