The Grizzly occurrence area is underlain by thin bedded, grey and grey-brown limestone and argillaceous limestone correlated with the Middle Cambrian Chancellor Group. The area has apparently undergone intense deformation with the development of overturned isoclinal folds and thrust faults as well as a strong fracture cleavage at approximately 130 degrees.

Mineralization on the property consists of tetrahedrite, galena and pyrite as small blebs and lenses within quartz/carbonate veins. Tetrahedrite appears to be more common within quartz, and galena within carbonate. There are from 3 to 7 veins on the property which have strikes parallel to the regional trend. They range from 0.3 to 1 metre in width. There is very little wallrock alteration associated with the veins. One vein examined in detail appears to be emplaced in a zone of extensional fracturing along the nose of an anticline.

A picked sample of vein material from an adit dump analysed 0.71 per cent copper, 0.54 per cent lead, 315 grams per tonne silver and 0.95 gram per tonne gold (Assessment Report 18053).