The Loki occurrence is located near the south arm of Bernard Creek, approximately 13 kilometres north east of Riondel.

The area is underlain by granodiorite and quartz monzonite of the Cretaceous Fry Creek Batholith in contact with metasediments of the Lower Cambrian Hamill Group.

Locally, molybdenum mineralization is related to a clay altered greissan veins in a biotite quartz monzonite of the Fry Creek Batholith. Fractures and veins in the greissan contain muscovite, quartz, orthoclase and pyrite with minor molybdenite, scheelite and fluorite. The veins range from less than 1 millimetre thick to 1 metre thick, with most veins being less than 1 centimetre thick. Tourmaline is reported in areas of quartz vein stock works.

Molybdenite mineralization, as disseminated flakes and rosettes in quartz veins with trace amount of powellite, is also reported approximately 6.5 kilometres to the south east, near the head waters of Crawford Creek.

In 1980, rock samples yielded up to 0.118 per cent molybdenum, 0.147 per cent tungsten and 4.8 grams per tonne silver (Assessment Report 8414).

A number of historical pits, trenches and short adits are reported in the area. In 1980, Duval Mining completed a program of rock, silt and soil sampling and geological mapping on the area as the Loki claim. In 2007, Goldcliff Resources completed a 183.5 line-kilometre combined airborne magnetic, electromagnetic and radiometric survey on the area as the Ainsworth East property.

Also in 1980, Cominco completed a program of silt and soil sampling and geological mapping on the head waters of Crawford Creek, located to the south east, as the Rose claims. In 2007, Jasper Mining completed a program of soil sampling on this area.