The IQ occurrence is located east of Dewar Creek, at an elevation of approximately 2300 metres and approximately 1.5 kilometres south-southwest of Mortar Lake.

The area is primarily underlain by siltstone, argillite and quartzite of the Creston Formation and dolomitic carbonate rocks of the Kitchener Formation, both of the Middle Proterozoic Purcell Supergroup. These have been intruded by granodiorites of the Cretaceous White Creek Batholith and ultramafic rocks of the Carboniferous to Permian Mount Roberts Formation.

Locally, an approximately 1.5 kilometre north-south elongated stock of pyroxenite and altered peridotite hosts small quartz veins with magnetite and a green mica. Disseminated pyrite, pyrrhotite and chalcopyrite are also reported in the pyroxenite.

In 2001, a rock sample (K-IQ-1) of quartz vein material assayed 0.20 gram per tonne platinum and 0.38 gram per tonne palladium (Assessment Report 26543).

In 2001, Chapleau Resources completed a program of rock sampling and geological mapping on the area as the IQ claim. In 2008, Kootenay Gold prospected and rock sampled the area.

In 2011, Bluefire Mining Corp. conducted 364.2 line-kilometres of geophysical surveys over the property containing the occurrence.