Grizzly Intersects 1.0% CuEq* over 13.68 m and 0.357% CuEq* over 44.55 m at Sappho Critical Minerals Target Greenwood, BC
Grizzly Discoveries reports polymetallic skarn drill results at Sappho that fail to exceed historical copper equivalent grades with opaque disclosure and modest thickness.
Grizzly Discoveries Inc. (GZD) has reported assay results from seven core holes totaling 1,485 meters at the Sappho Critical Minerals Target in southeastern British Columbia.
Key intercepts include:
- Hole 26SPDD002: 0.357% CuEq over 44.55 m from 69.0 m, and a lower zone of 0.17% CuEq over 9.4 m from 12.4 m.
- Hole 26SPDD005: 1.0% CuEq over 13.68 m from 79.22 m, with 0.255% Cu, 0.057% Ni, 0.498 g/t Au, 6 g/t Ag, 0.119 g/t Pt, and 0.060 g/t Pd.
Mineralization is hosted in garnet-pyroxene skarn with associated sulphides. The company also identified an untested IP chargeability anomaly interpreted as a porphyry target.
Grizzly Discoveries Inc. (GZD) released drill results that fall short of historical grades, specifically the benchmark of 0.7% CuEq over 63.5 meters. The company states the findings do not demonstrate a new, higher-grade, thicker, or more continuous zone, and the results are not considered a discovery.
Grizzly Discoveries Inc. is an explorer with no established resources or reserves. The company’s market capitalization of approximately C$20 million already reflects optimism driven by earlier geophysical anomalies and surface sampling, which saw the share price rise from $0.02 to $0.09. The reported intercepts are viewed as unlikely to sustain this valuation.
The release did not disclose the CuEq formula, nor did it include a Qualified Person.
Grizzly Discoveries Inc. (GZD) is a junior explorer holding a contiguous land package of approximately 180,000 acres in the historic Greenwood Mining District of British Columbia. The company’s primary targets are polymetallic skarns and porphyry systems hosting copper, gold, silver, and platinum group elements. Grizzly Discoveries currently holds no mineral resources or reserves.
The company funds its operations through continuous small private placements, with multiple closings scheduled for 2025–2026 at prices ranging from $0.03 to $0.065 per unit, a strategy that has resulted in a history of dilution. As of March 2026, 227.6 million shares were outstanding, though subsequent financings may have increased this figure. The balance sheet reflects minimal cash and a $250,000 promissory note.