The Lobo showing is located along Eugene Creek, 4.25 kilometres north-northwest of Beaverdell.

The Lobo occurrence is underlain by granodiorite, quartz diorite and diorite of the Middle Jurassic Nelson intrusions which have been intruded and are flanked by quartz monzonite and monzonite of the Cretaceous Okanagan batholith. These are in turn intruded by a one to two kilometre diameter stock of Eocene Coryell monzonite to the immediate west of the Lobo occurrence. To the north is a small pendant of Carboniferous to Permian metasedimentary and metavolcanic rocks of the Anarchist Group. Five regional fault orientations have been found to the east on Wallace Mountain; two of which are important with respect to mineralization. High angle, north striking normal faults, dipping steeply to the east, divide Wallace Mountain into several large blocks which displace veins. Southwest striking normal faults dip moderately steeply to the northwest and have displacements of a few centimetres to several metres. Fault spacing is locally on a metre scale, dividing veins into numerous short sections.

Granite and granodiorite underlie the Lobo occurrence. These are locally cut by andesite and porphyry dikes. To the immediate west is a small stock of Coryell monzonite.

The Lobo showing consists of several large outcrops of rusty weathered granodiorite hosting small mineralized shears. Rock sampling along the Eugene Creek logging road, on the nearby Foxy 3 claim, has yielded weakly anomalous results. Sample 13659A returned the highest results; 1.0 gram per tonne silver, 0.10 per cent copper, 0.02 per cent nickel and 0.024 per cent molybdenum (Assessment Report 10122).