Grizzly to Conduct IP and Drilling at the Sappho Critical Minerals Target Greenwood, British Columbia Precious and Battery Metals Project

The most recent news release (January 7, 2026) outlines Grizzly Discoveries’ plans for an early 2026 exploration program at the Sappho Critical Minerals Target in British Columbia. The program will include an Induced Polarization (IP) geophysical survey followed by diamond drilling. The release reiterates historical high-grade surface results, including copper (up to 8.15%), gold (up to 13.15 g/t), and platinum-palladium values. Additionally, the company confirms that permits are in place for trenching and drilling at the Motherlode-Greyhound and Midway Mine areas.

This news is categorized as Routine - Positive. While it signals operational momentum and the utilization of recently acquired permits, it does not represent a new discovery or a significant change in the company's financial or strategic position. - In-line with expectations: The move toward drilling was signaled in the September and November 2025 releases. - Resource Potential: The highlights provided are historical or selective grab samples, which are not representative of a defined resource. - Funding Gap: Despite the "aggressive" drilling plans, the company’s recent financial statements (October 31, 2025) and subsequent small financing tranches suggest a significant shortfall between current cash on hand and the capital required to execute a multi-target, 5,000-meter drill program.

Grizzly Discoveries is an exploration-stage company focused on precious and base metals in the Greenwood District of southeastern British Columbia. - Flagship Project: The Greenwood Precious and Battery Metals Project, covering over 170,000 acres. - Key Targets: - Motherlode: Historical producer (copper-gold). - Sappho: Target for copper-gold-PGE skarns. - Midway: High-grade polymetallic gold-silver-copper target.