Edmonton, Alberta — February 26, 2026 — Leads & Copy —
Grizzly Discoveries Inc. has announced preliminary results from an Induced Polarization (IP) program conducted in February 2026 at the Sappho Critical Minerals Target. The program, conducted by Peter E. Walcott and Associates, followed up on prior surface sampling and historical drilling results.
The company plans further IP work before commencing a fully funded drilling program of 4 to 6 drillholes, totaling approximately 1,500 to 2,000 meters, slated for early to mid-April. The drilling program is designed to test a conductive zone identified by the IP survey.
The IP survey revealed a significant near-surface conductivity anomaly on Lines 9600 and 9700 North, coinciding with the Main Showings and a skarn intersected in drilling in holes 10SP02 and 10SP03 in 2010. A new, deeper chargeability anomaly was also detected on the southeast part of the grid, potentially located against one of the Main Sappho faults. This chargeability anomaly, open to further extension, registers between 20 to 30 millivolts per volt.
During the 2022 field work, five new sulphide showings were discovered, with four yielding rock grab samples containing >1% copper (Cu), up to 7.25% Cu. Overall, 17 rock grab samples returned values exceeding 1% Cu, up to 9.06% Cu, with many also showing anomalous gold (Au), silver (Ag), platinum (Pt), and palladium (Pd). Eleven samples have yielded >500 parts per billion (ppb) Pt and Pd up to 4.64 grams per tonne (g/t) Pt and up to 2.28 g/t Pd.
The geological setting is characterized by the East Fault Contact of the Toroda Graben, with intrusions of pyroxenite-monzonite-diorite (older) and younger QFP-diorite (Tertiary) into intermediate-mafic volcanics, along with a complex magnetic feature at the Sappho CG area. The East and West Faults of the Toroda Graben are believed to have influenced the Au-Ag mineralization at the Buckhorn Skarn and Mine to the southwest, and the Cu-Au-Ag mineralization at the Motherlode/Greyhound skarns to the north.
The Sappho area is being explored for copper-gold skarn and porphyry type targets associated with a Jurassic alkalic intrusive complex and several younger diorite intrusions. Historical drilling in 2010 yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho (in hole 10SP03), including a 1 m core length intersections of 3.82 g/t Au and 199 g/t Ag, and in a separate sample 1.83 g/t Pt and 2.09 g/t Pd across 1 m – these results all are associated with >1% Cu in those samples. These higher grade zones were contained within a 63.5 m core length zone logged as a pyroxene – sulphide skarn with a grade approaching 0.7% copper equivalent derived from current metal prices for Cu, Au, Ag, Pt and Pd.
Brian “Griz” Testo, President & CEO of Grizzly Discoveries, expressed enthusiasm for the upcoming phase of IP work and drilling, anticipating potential new discoveries. The company continues surface exploration in the Greenwood area, with crews from APEX Geoscience Ltd. completing rock sampling from August through November and again in January. Additional groundwork, including ground geophysical surveys (IP, magnetics, and Loupe electromagnetics), is planned for Sappho, Midway, and Motherlode areas. Results from the 2025 fieldwork rock sampling program (>220 samples) are pending release.
Grizzly Discoveries Inc. is focused on developing its approximately 72,700 ha of precious and base metals properties in southeastern British Columbia.
Source: Grizzly Discoveries Inc.
