The Grizzly Ridge V2 and V3b occurrences are located on a high ridge west of Grizzly Creek, at an elevation of approximately 1850 metres.

The area is underlain by the Jurassic-Cretaceous Coast Plutonic Complex, which comprises granodiorite, granitoid gneiss, amphibolite and schist. The metamorphic rocks generally occur as small, fault-bound pendants. Feldspar porphyry dikes are locally abundant.

At the GRV3b occurrence, a 50 to 70 centimetre wide mineralized quartz vein hosts gold and silver values. The vein strikes 58 degrees and dips to the south. In 2012, the vein was chip sampled in two locations (KI1205 and KI1206) and yielded 6.1 and 10.7 grams per tonne silver with 0.529 and 0.443 gram per tonne gold over 0.5 and 0.7 metre, respectively (Assessment Report 33486).

At the GRV2 occurrence, located approximately 200 metres to the south west and at a similar elevation, a 10 to 15 centimetre wide mineralized quartz vein hosts silver values. The vein has been traced for approximately 40 metres and strikes 194 degrees with a dip of 36 degrees west. In 2012, a 0.12 metre chip sample (KI1201) assayed 17.3 grams per tonne silver (Assessment Report 33486).

The Apple occurrences were discovered as a follow up exploration program to the 1988 regional geochemical stream sediment sampling program in the Bute Inlet area. The Apple claims were subsequently staked by Placer Dome Inc. in 1989 and explored from 1989 to 1991. Exploration programs consisted of rock and soil sampling, prospecting and geological mapping. In 1997, Tiberon Mineral Ltd. prospected the Grizzly property as the Shannon claims. During 2010 through 2012, St. Elias Mines completed programs of rock, silt and soil sampling and 19 line-kilometres of combined ground electromagnetic and magnetic surveys.