MTI(US:MTX) TMX Newsfile·2026-02-04 14:00Core Viewpoint - Grizzly Discoveries Inc. is initiating an Induced Polarization (IP) program at the Sappho Critical Minerals Target in early 2026, following promising results from previous surface sampling and historical drilling, amid rising metal prices for critical minerals [1][3]. Group 1: Exploration and Results - The Sappho area is being targeted for copper-gold skarn and porphyry type deposits, associated with a Jurassic alkalic intrusive complex and younger diorite intrusions [3]. - Five new showings of copper oxide mineralization were discovered during the 2022 program, with significant anomalous results for copper, gold, silver, platinum, and palladium from previous sampling and drilling [3][4]. - Historical drilling in 2010 yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd, and 6.57 g/t Ag over a 6.5 m core length, with higher-grade zones associated with >1% Cu [4]. Group 2: Geological Setting and New Discoveries - The geological setting includes the East Fault Contact of the Toroda Graben, with various intrusions into intermediate-mafic volcanics, influencing mineralization in the area [5]. - Five new sulphide showings were identified in 2022, with four yielding rock grab samples containing >1% Cu, with the highest sample reaching 7.25% Cu [5]. - A total of 17 rock grab samples returned values >1% Cu, with some samples also showing anomalous levels of Au, Ag, Pt, and Pd [5]. Group 3: Future Plans and Ongoing Work - The company plans to conduct three lines of IP before commencing drilling, which is expected to start around mid-February 2026 [1]. - Surface exploration continues in the Greenwood area, with ongoing work including soil and rock sampling across multiple target areas [6]. - Additional groundwork, including geophysical surveys, is planned for the Sappho, Midway, and Motherlode areas [6].