The Lake occurrence is located 1.5 kilometres east of Greenwood, immediately north of Last Chance (Lot 753) (082ESE216). The Lake claim was Crown Granted to W.A. Corbett in 1898. Veins with gold and silver values occur in greenstones of the Upper Paleozoic Knob Hill Group.

This prospect was developed in 1901 by a shaft to 46 metres which is said to have followed ore most of the way down. No information could be found of any lateral work having been done from the shaft, nor is there any record of activity on the property subsequent to 1903. The only mineralized material available for sampling in 1984 to Stall Lake Mines was from the dumps of the caved workings. Two samples silicified greenstone with considerable pyrrhotite averaged only 1.37 grams per tonne silver and 0.34 grams per tonne gold (Assessment Report 12815).

Stall Lake Mines considered the lake to be typical of a common local deposit type that consisted of massive to disseminated pyrrhotite-pyrite-arsenopyrite in layered rocks near intrusive contacts.