Grizzly Receives Work Permits to Conduct Drilling and Trenching at Four of Its Targets at The Greenwood, BC Precious and Battery Metals Project
Grizzly Discoveries (OTCQB: GZDIF) has secured drilling and trenching permits from the BC Ministry of Mining for several priority exploration targets in the Greenwood area, including Midway, Sappho, Copper Mountain, and Imperial. The company has announced a $1 million private placement to fund fall exploration activities.
At the Midway Mine area, recent sampling revealed significant precious metals content, with selective rock grab samples yielding up to 70.8 g/t Au and up to 2,140 g/t Ag. Two new showings were identified in 2023, with samples containing up to 5.64 g/t Au and 4.19 g/t Au. The company has identified six new areas with anomalous gold, copper, and silver in soils.
The fall 2025 exploration program will focus on trenching, rock and soil sampling, and drilling at the Midway Target area, with the scope dependent on the current financing round.
Grizzly Discoveries (OTCQB: GZDIF) ha ottenuto permessi di trivellazione e scavo dalla BC Ministry of Mining per diversi obiettivi prioritari di esplorazione nell'area di Greenwood, tra cui Midway, Sappho, Copper Mountain e Imperial. L'azienda ha annunciato una colocazione privata da 1 milione di dollari per finanziare le attività di esplorazione autunnali.
Nell'area della Miniera Midway, campioni recenti hanno rivelato contenuti significativi di metalli preziosi, con campioni selezionati di roccia che hanno fornito fino a 70,8 g/t Au e fino a 2.140 g/t Ag. Nel 2023 sono stati identificati due nuovi affioramenti, con campioni contenenti fino a 5,64 g/t Au e 4,19 g/t Au. L'azienda ha identificato sei nuove aree con anomalie di oro, rame e argento nei suoli.
Il programma di esplorazione autunnale 2025 si concentrerà su scavi a trincea, campionamento di roccia e suolo, e trivellazione nell'area target Midway, l'ambito dipenderà dall'attuale round di finanziamento.
Grizzly Discoveries (OTCQB: GZDIF) ha asegurado permisos de perforación y drenaje del BC Ministry of Mining para varios objetivos prioritarios de exploración en el área de Greenwood, incluidas Midway, Sappho, Copper Mountain e Imperial. La empresa ha anunciado una colocación privada de 1 millón de dólares para financiar las actividades de exploración de otoño.
En el área de la Mina Midway, muestras recientes revelaron un contenido significativo de metales preciosos, con muestras selectivas de roca que arrojaron hasta 70,8 g/t Au y hasta 2.140 g/t Ag. Se identificaron dos nuevos afloramientos en 2023, con muestras que contenían hasta 5,64 g/t Au y 4,19 g/t Au. La empresa ha identificado seis nuevas áreas con anomalías de oro, cobre y plata en suelos.
El programa de exploración de otoño de 2025 se centrará en zanjar, muestreo de rocas y suelos, y perforación en el área objetivo Midway, cuyo alcance dependerá de la ronda de financiación actual.
Grizzly Discoveries (OTCQB: GZDIF)는 Greenwood 지역의 여러 우선 탐사 대상에 대해 BC 광업부로부터 시추 및 도랑 굴착 허가를 받았습니다. 대상에는 Midway, Sappho, Copper Mountain, Imperial이 포함됩니다. 회사는 가을 탐사 활동 자금을 위한 100만 달러 비공개 배정을 발표했습니다.
Midway 광산 지역에서 최근 시료 채취로 귀금속 함량이 상당함이 확인되었으며, 선별된 암석 샘플은 금 70.8 g/t 및 은 2,140 g/t를 보여주었습니다. 2023년에 두 개의 새로운 노출이 확인되었고, 샘플은 금 5.64 g/t 및 금 4.19 g/t를 포함했습니다. 회사는 토양에서 금, 구리, 은의 이상치를 보유한 여섯 개의 새로운 지역을 확인했습니다.
2025년 가을 탐사 프로그램은 Midway 타깃 지역에서 도랑 파기, 암석 및 토양 샘플링, 시추에 집중할 예정이며, 범위는 현재 자금 조달 라운드에 따라 달라집니다.
Grizzly Discoveries (OTCQB: GZDIF) a obtenu des permis de forage et de tranchage du BC Ministry of Mining pour plusieurs cibles prioritaires d'exploration dans la région de Greenwood, notamment Midway, Sappho, Copper Mountain et Imperial. La société a annoncé une placement privé d'un million de dollars pour financer les activités d'exploration automnales.
Dans la zone de la Mine Midway, des échantillonnages récents ont révélé une teneur significative en métaux précieux, les échantillons de roche sélectionnés donnant jusqu'à 70,8 g/t Au et jusqu'à 2 140 g/t Ag. Deux nouveaux affleurements ont été identifiés en 2023, avec des échantillons contenant jusqu'à 5,64 g/t Au et 4,19 g/t Au. La société a identifié six nouvelles zones présentant des anomalies d'or, de cuivre et d'argent dans les sols.
Le programme d'exploration automnal 2025 se concentrera sur le creusement, l'échantillonnage de roches et de sols, et le forage dans la zone cible Midway, l'étendue dépendant de la ronde de financement en cours.
Grizzly Discoveries (OTCQB: GZDIF) hat Bohr- und Schlitzgenehmigungen des BC Ministry of Mining für mehrere prioritäre Explorationsziele im Greenwood-Gebiet erhalten, darunter Midway, Sappho, Copper Mountain und Imperial. Das Unternehmen hat eine Private-Platzierung in Höhe von 1 Million Dollar angekündigt, um die Herbstexplorationsaktivitäten zu finanzieren.
Im Bereich der Midway-Mine führten jüngste Probenentnahmen zu signifikanten Edelmetallgehalten; ausgewählte Gesteinsproben ergaben bis zu 70,8 g/t Au und bis zu 2.140 g/t Ag. Im Jahr 2023 wurden zwei neue Ausprägungen identifiziert, mit Proben, die bis zu 5,64 g/t Au und 4,19 g/t Au enthielten. Das Unternehmen hat sechs neue Gebiete mit anomalem Gold-, Kupfer- und Silbergehalt in Böden identifiziert.
Das Herbst-2025 Explorationsprogramm konzentriert sich auf Durchschürfungen, Fels- und Bodenproben sowie Bohrungen im Midway Target-Gebiet; der Umfang hängt von der aktuellen Finanzierungsrunde ab.
حصلت شركة Grizzly Discoveries (OTCQB: GZDIF) على تصاريح للحفر والتجريف من وزارة التعدين في كولومبيا البريطانية لعدة أهداف استكشافية ذات أولوية في منطقة غرينوود، بما في ذلك ميدواي، سافو، جبل النحاس وImperial. أعلنت الشركة عن طرح خاص بقيمة مليون دولار لتمويل أنشطة الاستكشاف في الخريف.
في منطقة منجم ميدواي، كشفت العيّنات الأخيرة عن محتوى ملحوظ من المعادن الثمينة، حيث أظهرت عينات الصخور المختارة ما يصل إلى 70.8 ج/طن من الذهب وحتى 2,140 ج/طن من الفضة. تم تحديد نبوئين جديدين في عام 2023، حيث بلغت العينات حتى 5.64 ج/طن من الذهب و 4.19 ج/طن من الذهب على التوالي. حددت الشركة ست مناطق جديدة بها شذوذ في الذهب والكتلة وفضة في التربة.
سيتركز برنامج الاستكشاف في خريف 2025 على التجريف، وأخذ عينات من الصخور والتربة، والحفر في منطقة هدف ميدواي، وذلك يعتمد على الجولة التمويلية الحالية.
Grizzly Discoveries (OTCQB: GZDIF) 已从卑诗省矿业部获得在 Greenwood 地区若干优先勘探目标的钻探与沟槽作业许可，涵盖 Midway、Sappho、Copper Mountain 与 Imperial。公司宣布一项100万美元私募配售以资助秋季勘探活动。
在Midway 矿区，最近的采样显示贵金属含量显著，选定的岩石样本金含量高达 70.8 g/t Au，银含量高达 2,140 g/t Ag。2023 年识别出两处新露头，样本中含金量分别为 5.64 g/t Au 和 4.19 g/t Au。公司已在土壤中发现六个新区域呈现金、铜、银的异常。
2025 年秋季勘探计划将聚焦于沟槽开挖、岩石与土壤取样，以及 Midway 目标区的钻探，其范围将取决于当前融资轮。
- Receipt of drilling and trenching permits for multiple priority exploration targets
- High-grade gold samples up to 70.8 g/t Au and silver up to 2,140 g/t Ag at Midway Mine
- Discovery of two new mineral showings in 2023 with significant gold content
- Identification of 6 new areas with anomalous gold, copper, and silver in soils
- Secured $1 million private placement for fall exploration activities
- Exploration results are from selective grab samples which may not be representative of overall mineralization
- Extent of drilling program depends on success of current financing
- Early stage exploration project with no defined mineral resources yet
Edmonton, Alberta--(Newsfile Corp. - September 29, 2025) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce that is has recently received drilling and trenching permits for a number of its priority exploration targets in the Greenwood area including Midway, Sappho, Copper Mountain (Prince of Wales, Coronation and Mabel Jenny) and Imperial from the BC Ministry of Mining and Critical Minerals. Grizzly has recently announced a private placement offering for gross proceeds of up to
The main focus of the private placement will be to conduct drilling and trenching at the Midway Exploration Target, targeting the historical Midway Mine. See the Midway highlights below.
Midway Mine Area
- 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 grams per tonne (g/t) or 0.351 ounces per ton (opt) Au up to 70.8 g/t (2.065 opt) Au (See Company news release dated October17, 2022).
- Three (3) of the 7 selective rock grab samples from the Midway Mine yielded from 1,360 g/t Ag (39.7 opt) up to 2,140 g/t Ag (62.4 opt) (see the Company news release dated October 17, 2022).
- Two new showings identified in 2023 near the historical Midway Mine including up to 5.64 g/t Au (0.165 opt) from a showing 400 m to the north of Midway and up to 4.19 g/t Au (0.122 opt) from a grab sample collected about 375 m to the west of the Midway Mine (Figure 2).
- At least 6 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 (Figure 2).
- 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 (Figure 3).
- A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t Au (0.462 opt) and 1,530 g/t Ag (44.6 opt), illustrating that there is potential for additional high-grade mineralization in the area (Figure 2).
Brian Testo, President and CEO of Grizzly Discoveries stated, "We are excited and are looking forward to pursuing a number of high grade gold – silver – copper – lead -zinc showings and historical mines with drilling in the fall of 2025 along with additional exploration for significant battery metal prospects in our current 165,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!"
Figure 1: Land position and targets of interest for future exploration, Greenwood Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/268182_9222c7baa49e6a91_002full.jpg
Figure 2. Midway geology and showings with gold in soils and rocks.
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https://images.newsfilecorp.com/files/4488/268182_9222c7baa49e6a91_003full.jpg
Figure 3. Example mineralization present at the Midway Mine.
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https://images.newsfilecorp.com/files/4488/268182_fig3grizzly.jpg
Plans for Fall 2025 Exploration at Greenwood:
Trenching, rock and soil sampling along with drilling at the Midway Target area is being planned for fall 2025. The amount of drilling will depend upon the current financing that has been announced.
Rock sampling was conducted earlier in the summer. The results for the Beaverdell sampling will be announced as they become available. Additional results should be forthcoming over the next coming months as work progresses and will be presented in additional news releases.
Quality Assurance and Control
Rock and soil samples are being analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.
The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo.. A secure chain of custody is maintained in transporting and storing of all samples.
The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Consultant and Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268182
FAQ
What permits did Grizzly Discoveries (GZDIF) receive for its Greenwood project?
What were the highest gold and silver grades found at the Midway Mine area?
How much is Grizzly's private placement offering for the Greenwood project?
What is the size of Grizzly's land holdings in the Greenwood District?
What type of mineralization is being targeted at the Midway area?
