Grizzly Discoveries Inc. has identified at least five discrete chargeability anomalies during a Phase 2 Induced Polarization survey at the Motherlode Critical Minerals Target Area within its Greenwood project in southeastern British Columbia.

The geophysical survey comprised 12.9 line kilometres across eight north-south lines spaced 200 metres apart, conducted by Peter E. Walcott and Associates between late April and May 2026. Four of the identified anomalies yielded numerous readings in their cores ranging from 30 up to 52 millivolts per volt, with several targets measuring approximately one kilometre by 500 metres in size and remaining open for expansion. The chargeability anomalies show spatial association with moderate to strong copper and gold readings in soils and rocks across the Greyhound, Sunset, and Motherlode pit areas.

Permitting of drill locations to test the new anomalies is currently underway, with additional drilling planned from October to December 2026 at the Motherlode, Sappho, and Midway target areas.

“IP Surveys have outlined multiple and significant chargeability anomalies and new targets across the Motherlode Project Area. The Grizzly team is excited to see what the next phase of drilling might show us - 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 some new discoveries.”

— Brian "Griz" Testo, President & CEO

The historical Motherlode Mine within the Greenwood project produced 76,975,111 pounds of copper, 173,319 ounces of gold, and 688,203 ounces of silver between 1900 and 1920 and from 1957 to 1962. Past drilling by Grizzly at Motherlode North in 2022 and at the Marguerite historical shaft intersected wide zones of anomalous copper and gold associated with skarn and porphyritic intrusions. Elsewhere in the surrounding district, Goldcliff Resource Corporation identified a new East Breccia Zone with surface rock sample grades up to 0.73 grams per tonne gold and 54.46 grams per tonne silver at its Kettle Valley project.

Read the full announcement: Grizzly Identifies Significant Chargeability Anomalies at the Motherlode - Greyhound Critical Minerals Target Area Greenwood, BC