Grizzly Discoveries Stock Price, News & Analysis

Grizzly Discoveries Inc. (GZDIF) is a diversified Canadian mineral exploration company focused on precious, base and critical metals. According to multiple company news releases, Grizzly’s primary listing is on the TSX Venture Exchange under the symbol GZD, with additional listings on the Frankfurt Stock Exchange (G6H) and the OTCQB market (GZDIF). The company is focused on developing approximately 72,700 hectares (about 180,000 acres) of mineral properties in southeastern British Columbia, particularly in the Greenwood Mining District.

Grizzly describes itself as being run by a highly experienced junior resource sector management team with a track record of advancing exploration projects from early-stage exploration through to feasibility stage. Its exploration work targets precious metals such as gold and silver, base metals including copper, and what the company refers to as critical or battery metals, within a large, contiguous land position in and around Greenwood, British Columbia.

Core Projects and Land Position

Across its news releases, Grizzly consistently highlights the Greenwood, BC Precious and Battery Metals Project. The company reports that this project covers more than 170,000 acres (over 72,700 hectares) of mineral claims in the Greenwood District, a historically productive mining area in south-central British Columbia. Within this land package, Grizzly has identified and advanced multiple target areas, including Midway, Sappho, Copper Mountain (Prince of Wales, Coronation and Mabel Jenny), Imperial, Beaverdell, Rock Creek, Overlander-Attwood and the Motherlode–Greyhound area.

Grizzly’s disclosures emphasize that the Greenwood land package hosts numerous historical mines and showings with documented production or high-grade sampling results for copper, gold, silver, lead, zinc and molybdenum. The company has obtained land use permits to conduct trenching and drilling at several of these targets, including Midway, Sappho, Copper Mountain and Imperial, and states that it has an active land use permit for drilling at the Motherlode area.

Motherlode Crown Grants and Historical Production

A key focus for Grizzly is the Motherlode Crown Grants near the town of Greenwood in south-central British Columbia. Company news releases describe this package as 13 Crown Grants covering over 300 acres (approximately 121.4 hectares) that include subsurface mineral rights. The Crown Grants host the historical Motherlode, Sunset, Sunrise and Greyhound mines. Grizzly reports that the Motherlode Mine historically produced 76,975,111 pounds of copper, 173,319 ounces of gold and 688,203 ounces of silver during active mining periods from 1900 to 1920 and from 1957 to 1962.

The company notes that the Crown Grants take precedence over mineral claims issued under the British Columbia Mineral Titles Act and that the Motherlode Mine is road accessible and located roughly 2.5 kilometres northwest of Greenwood. Grizzly has described the Motherlode mineralization as skarn hosted in Triassic Brooklyn Formation sediments, based on information from BC Minfile and historical technical work referenced in its news releases.

Grizzly has also summarized historical mineral resource estimates for Motherlode. A 1967 historical estimate prepared by Allen Geological Engineering Ltd. for previous owners Aabro Mining and Oils Ltd. and Cumberland Mining Ltd. is cited as totaling 2.8 million tonnes at an average grade of 0.8% copper and 1.06 grams per tonne gold (reported as 1.6% copper equivalent using certain metal prices and recoveries). The company explicitly treats this estimate as historical in nature, not compliant with current NI 43-101 standards, and states that a Qualified Person has not done sufficient work to classify it as a current resource.

Exploration Targets and Sampling Highlights

Grizzly’s news releases provide detailed descriptions of exploration targets within the Greenwood project. At the Midway area, which includes the historical Midway Mine, the company reports selective rock grab and composite samples from outcrop with very high gold and silver grades. Examples cited include rock grab samples yielding between 12.05 grams per tonne and 70.8 grams per tonne gold, and silver values between 1,360 grams per tonne and 2,140 grams per tonne from the Midway Mine pits. Additional samples west and north of the main Midway Mine have also returned high-grade gold and silver values, along with polymetallic mineralization containing lead, zinc, copper, arsenic and antimony in epithermal-style veins.

At the Sappho Critical Minerals Target, Grizzly reports that it is targeting copper–gold skarn and porphyry-style mineralization associated with a Jurassic alkalic intrusive complex and younger diorite intrusions. Company disclosures describe skarn and porphyry-style alteration and mineralization with copper, platinum group elements (platinum and palladium), gold and silver observed in outcrop and drill core, along with complex magnetic signatures. Historical and recent rock grab sampling at Sappho has yielded numerous samples with more than 1% copper and significant precious metal values, and historical drilling by Grizzly in 2010 intersected intervals containing copper, gold, silver, platinum and palladium.

In the Motherlode–Greyhound area, the company has reported modern rock sampling results from multiple pits and targets, including Motherlode, Sunset, Greyhound, Butte City, Marguerite and Great Hopes. Many of these selective grab samples show copper grades above 1% and gold grades above 1 gram per tonne, with associated silver and, in some cases, lead and zinc. Grizzly has also summarized historical drilling by Strathcona Mineral Services in 1996 at Motherlode, including a drillhole that intersected gold in nearly every sample over more than 150 metres, with a higher-grade skarn zone at the bottom of the hole associated with copper and a strong airborne electromagnetic anomaly.

At the Beaverdell Target, part of the Greenwood project, Grizzly reports reconnaissance prospecting and sampling over a land package of mineral claims of about 9,200 acres. The company has identified new molybdenum, copper and zinc–silver showings, including rock grab samples with anomalous molybdenum, copper, lead and zinc, and a selective sample from rubble near historic mine infrastructure returning 299 grams per tonne silver and 0.24% zinc. Historical and new sampling at the Gold Drop showing within this area has also returned notable gold and silver values.

Permitting, Fieldwork and Exploration Approach

Grizzly’s disclosures indicate that it is actively advancing its targets through surface exploration and drill permitting. The company has received drilling and trenching permits from the British Columbia Ministry of Mining and Critical Minerals for several priority targets, including Midway, Sappho, Copper Mountain and Imperial. It also notes that it has an active land use permit for drilling at the Motherlode area and has designed core drilling programs for Motherlode, Sunset and other nearby targets.

Fieldwork described in the news releases includes prospecting, rock and soil sampling, and ground geophysical surveys such as induced polarization (IP), magnetics and electromagnetic methods. Grizzly reports that crews from APEX Geoscience Ltd. have been mobilized to conduct field programs across targets including Midway, Sappho, Copper Mountain, Imperial, Beaverdell, Rock Creek and Overlander-Attwood. The company states that sampling programs are carried out under the direction of a Qualified Person and that rock and soil samples are analyzed at accredited laboratories, with gold assayed by fire assay and other elements analyzed using standard geochemical methods.

Financing and Capital Structure

As a junior exploration issuer, Grizzly regularly raises capital through non-brokered private placements of units and flow-through units. Across multiple news releases, the company describes offerings of units consisting of one common share and one common share purchase warrant, and flow-through units consisting of one common share and one-half warrant, with the shares designated as flow-through shares for Canadian tax purposes. Warrant terms typically include an exercise price and an expiry date or an acceleration clause based on a specified volume-weighted average trading price on the TSX Venture Exchange.

Grizzly has outlined intended uses of proceeds from these financings, including mineral property exploration, mineral rights and exploration permits, working capital (such as outstanding management fees and other accounts payable) and corporate overhead (including management fees, marketing and promotion, and other corporate costs). The company has also entered into debt settlement arrangements, such as issuing units to settle accounts payable to APEX Geoscience Ltd. and issuing common shares to settle option payments and interest on a promissory note, subject to TSX Venture Exchange acceptance.

Corporate Profile

In its news releases, Grizzly identifies itself as a Canadian mineral exploration company headquartered in Edmonton, Alberta. The company emphasizes its focus on precious and base metals, and in some releases refers to precious and critical minerals, within its southeastern British Columbia land package. It highlights that its management team has experience in the junior resource sector and in advancing projects from early exploration to feasibility. Grizzly’s recurring disclosure language underscores its strategy of exploring for gold, silver, copper and other metals in a historically productive mining district with existing infrastructure and historical data.

FAQs about Grizzly Discoveries Inc. (GZDIF)

• What does Grizzly Discoveries Inc. do?
  

  According to the company’s news releases, Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company focused on developing precious, base and critical metals properties in southeastern British Columbia. Its primary project area is the Greenwood, BC Precious and Battery Metals Project, where it explores for metals including gold, silver and copper.

• Where are Grizzly Discoveries’ main exploration properties located?
  

  Grizzly states that its key properties are located in southeastern British Columbia, primarily in the Greenwood Mining District near the town of Greenwood in south-central BC. The company reports a land position of approximately 72,700 hectares (about 180,000 acres) covering multiple targets and historical mines.

• What metals is Grizzly Discoveries exploring for?
  

  Company disclosures indicate that Grizzly is exploring for precious metals such as gold and silver, base metals including copper, and what it refers to as critical or battery metals. Sampling and historical production data cited in its news releases also mention lead, zinc, molybdenum and platinum group elements (platinum and palladium) in certain target areas.

• What are the Motherlode Crown Grants and why are they important to Grizzly?
  

  The Motherlode Crown Grants are described by Grizzly as 13 Crown Grants covering over 300 acres near Greenwood, British Columbia, with subsurface mineral rights. They host the historical Motherlode, Sunset, Sunrise and Greyhound mines, which historically produced copper, gold and silver. Grizzly views these Crown Grants as important because they cover known skarn mineralization and historical production areas, and Crown Grants have priority over standard mineral claims under provincial legislation.

• How does Grizzly Discoveries fund its exploration activities?
  

  Grizzly’s news releases describe a funding approach based on non-brokered private placements of units and flow-through units, as well as debt settlement agreements involving the issuance of common shares or units. The company allocates proceeds to mineral property exploration, mineral rights and permits, working capital and corporate overhead, subject to TSX Venture Exchange acceptance.

• What types of exploration work has Grizzly conducted at Greenwood?
  

  The company reports conducting prospecting, rock and soil sampling, and ground geophysical surveys such as induced polarization, magnetics and electromagnetic surveys across targets including Midway, Sappho, Copper Mountain, Imperial and Beaverdell. It has also completed historical and modern drilling at certain targets, such as Sappho and Motherlode, and has obtained permits for trenching and drilling at several sites.

• Does Grizzly Discoveries have current mineral resource estimates?
  

  Grizzly has summarized historical mineral resource estimates for the Motherlode area from reports dating to the mid-20th century. The company explicitly states that these estimates were prepared before current NI 43-101 and CIM standards, that a Qualified Person has not done sufficient work to classify them as current resources, and that they are treated as historical in nature for illustrative purposes only.

• On which exchanges does Grizzly Discoveries trade?
  

  In its news releases, Grizzly states that its primary listing is on the TSX Venture Exchange under the symbol GZD. It also notes listings on the Frankfurt Stock Exchange under G6H and on the OTCQB market in the United States under the symbol GZDIF.

• What is the focus of Grizzly’s Midway and Sappho targets?
  

  Grizzly describes the Midway area, including the historical Midway Mine, as being targeted for copper–gold skarn and epithermal gold–silver mineralization, with high-grade rock grab samples reported from outcrop and historical pits. The Sappho target is described as a copper–gold skarn and porphyry target associated with a Jurassic alkalic intrusive complex and younger diorite intrusions, with rock and drill core samples containing copper, gold, silver and platinum group elements.

• How does Grizzly handle sample analysis and quality control?
  

  The company states that rock and soil samples are analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, an ISO/IEC 17025:2017 accredited facility. Gold is assayed using fire assay with atomic emission spectrometry and gravimetric finish when required. Grizzly notes that sampling programs are undertaken under the direction of a Qualified Person, with a secure chain of custody maintained for samples.