The Lloyds Mine beryl occurrence is located on a north east ridge of Mount McGregor, approximately 2 kilometres west of Kootenay Lake. In 2001, the area was prospected by L. Addie.

Regionally, the area is underlain by granite and granodiorite of the middle Cretaceous Bayonne batholith and interbedded grey siltite and black argillite of the La France Group.

Locally, pegmatite dikes host beryl in the Bayonne biotite granite and at the contact of the La France sediments. The dikes trend north east and dip south east. Eocene syenite is noted cutting off beryl- bearing pegmatites. The majority of beryl occurs as blue-green and opaque crystals ranging in size from a few millimetres to one centimetre wide and three centimetres long.

In 2001, sampling returned up to 400 parts per million beryllium and one “tiny” clear blue aquamarine beryl (Assessment Report 26955).