Grizzly Discoveries extends gold-silver mineralization at Midway Mine area and finds new gold values at Sappho Critical Minerals target area Greenwood, British Columbia
Grizzly Discoveries Inc. [TSXV: GZD; FSE: G6H; OTCQB: GZDIF] reported that preliminary results for a Phase 2 sampling program conducted in June 2026 to follow up trenching conducted at the Midway Precious Metals and Critical Minerals Target and Induced Polarization (IP) chargeability results at the Sappho Critical Minerals Target, Greenwood, British Columbia.
Significant Gold and Silver from chip samples in a trench extending the Main Midway Mine trend with up to 22.8 g/t gold and up to 1,120 g/t silver.
Additional samples in trenches immediately east of the Main Midway Mine with up to 1.7 g/t Au and to the southwest with up to 2.7 g/t Au. Drilling is set to test these anomalous samples and the historical Midway Mine this fall, 2026.
The Midway area is a window into the Paleozoic-Triassic rocks through the Toroda Graben and Tertiary volcanics that fill the graben.
Follow up sampling in the vicinity of the Sappho Chargeability Anomaly identified in early to mid-2026 has yielded 4.73 g/t Au from quartz float at the headwaters of Norwegian Creek but coincident with the northeast edge of the anomaly.
Host rocks in the area are mapped as late Paleozoic to Early Triassic metasedimentary rocks including carbonates and calcareous shales. A number of dykes, stocks and large intrusions are mapped in the area and likely range from Jurassic to Cretaceous to Eocene in age.
The geological setting is the East Fault Contact of the Toroda Graben with numerous pyroxenite-monzonite-diorite (older – Jurassic) and younger quartz-feldspar porphyry (QFP)-diorite (Tertiary) intrusions into the sedimentary package and the overlying younger intermediate-mafic volcanics.
The East and West Faults of the Toroda Graben likely played a role in controlling the Au-Ag mineralization for the Buckhorn Skarn and Mine to the southwest and the Cu-Au-Ag mineralization for the Motherlode/Greyhound skarns in the Greenwood area.
Permitting of drill locations to test the Sappho Chargeability Anomaly is underway. The company is planning to complete an initial drill test this fall, 2026.
The company is currently in the process of permitting additional drillhole pads to complete drill testing of a number of the chargeability targets during a fall drilling program at the Motherlode Critical Minerals Target area along with potentially the Sappho Critical Minerals Target area and the Midway Precious Metals – Critical Minerals Target area. Further IP work, geological mapping and surface sampling centered on several of the targets is planned prior to the commencement of drilling.
Brian ‘Griz’ Testo, President and CEO of Grizzly Discoveries, stated: “Trenching during June 2026 has extended the known surface extent of the Main Midway vein structure and mineralization. New samples have yielded significant gold and silver and the Grizzly team is excited to see what drilling might show us at both the historical Midway Mine and the Sappho Chargeability Target – we will continue to refine these targets to the drill ready stage for drilling in the next couple of months and look forward to identifying and presenting some new discoveries for the shareholders of Grizzly.”
Refer to original for complete Mine and Sappho Rock Sampling results.
The 2026 exploration work was suspended in July and August during high fire season but has recommenced and will be ongoing through the fall and includes prospecting and rock sampling at targets in the Motherlode area, the Rock Creek area, the Midway area, the Copper Mountain area, the Overlander-Attwood area and at the Sappho area. Additional groundwork including ground geophysical surveys are being planned and will comprise IP, magnetics and Loupe electromagnetics (EM) for the Sappho, the Midway and Motherlode areas. Additional drilling is planned from October to December. Results as they become available from the 2026 work will be released as they are received.
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 g/t or 0.351 oz/ton Au up to 70.8 g/t (2.065 oz/ton) Au .
Three of the seven selective rock grab samples from the Midway Mine yielded from 1,360 g/t Ag (39.7 oz/ton) up to 2,140 g/t Ag (62.4 oz/ton).
Two new showings identified in 2023 near the historical Midway Mine including up to 5.64 g/t Au (0.165 oz/ton) from a showing 400 metres to the north of Midway and up to 4.19 g/t Au (0.122 oz/ton) from a grab sample collected about 375 metres to the west of the Midway Mine.
At least six 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. 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.
A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t Au (0.462 oz/ton) and 1,530 g/t Ag (44.6 oz/ton), illustrating that there is potential for additional high-grade mineralization in the area.
Grizzly is focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and critical minerals properties in southeastern British Columbia.