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Grizzly Mobilizes Drilling and IP Crew to the Sappho Critical Minerals Target Greenwood, British Columbia

Grizzly Mobilizes Drilling at Sappho Following Financing and Sampling Success

By The Northwire Desk — AI Analysis Apr 28, 2026 · 14:32 GZD · 0.07 Grizzly Discoveries Inc.

Executive Summary

The most recent release (April 28, 2026) confirms that Grizzly Discoveries has mobilized drilling crews to the Sappho Critical Minerals Target in Greenwood, British Columbia.
This follows a previously announced Induced Polarization (IP) survey program and a private placement financing closed in March 2026.
The company is targeting copper, silver, gold, and platinum group elements (Cu-Ag-Au-PGEs) at the Sappho area.
Historical drill results from hole 10SP03 are cited as context, showing high-grade intersections including up to 0.7% CuEq over 63.5 meters.
Surface sampling has identified rock grab samples containing up to 9.06% Copper and significant Platinum/Palladium values.
The drilling program is fully funded following the March private placement which raised approximately $741,100 in gross proceeds.

Material Impact

Expectation vs. Reality: The mobilization of drilling was anticipated based on the February 26, 2026 news release which stated a "fully funded drill program... is slated to start in early-to-mid April 2026." Therefore, this announcement confirms execution rather than introducing new unexpected value.
Financial Impact: The financing closed in March ($741k total) provides the necessary capital for this phase, reducing immediate liquidity risk but increasing share count dilution.
Valuation Implications: While positive, drilling mobilization is a precursor to assay results. Without confirmed mineralization from these new holes, the material impact on valuation remains limited until assays are released. The recent price appreciation (from $0.03 to $0.07) may have already priced in this milestone.
Progression: The company has successfully moved from exploration planning (Feb) -> financing (Mar) -> sampling results (Apr 20) -> drilling mobilization (Apr 28). This demonstrates operational discipline but does not yet confirm a resource.

GZD · Price

Company Overview

Company: Grizzly Discoveries Inc. (TSXV: GZD).
Strategy: Exploration-focused company targeting base (battery) and precious metal deposits across a 180,000-acre land package in British Columbia.
Flagship Project: Greenwood District Critical Minerals and Precious Metals Project.
Key Targets: Sappho (Cu-Ag-Au-PGEs), Midway (Au-Ag-Cu), Motherlode (Historic Mine), Copper Mountain, Robocop.
Land Package: Approximately 180,000 acres covering multiple historic mining districts with road access and First Nations partnerships.
Management: Led by Brian Testo (CEO) with a focus on advancing historical mines toward production through aggressive exploration.

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