The Fairmont occurrence is located 1 kilometre southeast of Fishermaiden Lake in the headwaters of Silverton Creek. Kaslo, British Columbia lies about 26 kilometres to the east.

Workings at the Fairmont occurrence consist of an upper incline adit, exploring the "Fairhope" lode and a 366-metre drift exploring the "Fairmont" lode. In 1935, the property was owned by W. Valetine.

Hostrocks of the Fairmont occurrence are coarse grained porphyritic quartz monzonite of the Middle Jurassic Nelson batholith.

The "Fairhope" and "Fairmont" lodes are roughly parallel. They have a strike of 025 to 030 degrees and a dip of 50 degrees to the southeast. The "Fairmont" lode has received the majority of exploration. The lode is stated to be traceable on surface for 942 metres. In an opencut 91 metres above the "Fairmont" adit, the lode is 3.6 metres wide and composed of 1.8 metres of gouge and a 1.2 metre wide quartz vein. The vein hosts sphalerite, galena, considerable pyrite and some argentite. The lower adit follows a remarkably straight lode. Mineralization is irregular along the lode and consists of pyrargyrite, pyrite with minor galena and sphalerite.