The area of the Gold 1-2 showing is underlain by the Lower Jurassic Rossland Group Elise Formation volcanics and by a package designated as Unit Cs which is of probable upper Paleozoic age and may be correlative with the Milford Group (Fieldwork 1990, page 21). These upper Paleozoic rocks consist of argillite, slate, phyllite, chert, greenstone and limestone. The strata are intruded by a mass of the Middle Eocene Sheppard Intrusions comprised of granodiorite to syenite.

The area prospected is underlain predominantly by leucocratic granodiorite of the Sheppard Intrusions with occurrences of syenite and monzonite in the vicinity of Goodeve Creek. The intrusives cut interlayered argillites, shale and the volcanics of the Elise Formation exposed along Goodeve Creek.

A number of quartz veins were found in the leucocratic intrusive, ranging from 1 centimetre to 1 metre in width and hosting traces of gold with disseminated pyrite and galena. The veins, exposed in 5 test pits, varied in width from 0.3 to 1.0 metre. They strike between 110 to 180 degrees with a near vertical dip and are traceable for 75 metres in length. In 1979, a sample from a quartz vein assayed: 92.64 grams per tonne gold, 82.28 grams per tonne silver, 0.15 per cent lead (Assessment Report 7799). In 1982, sample values ranged up to 8.7 grams per tonne gold, 28.8 grams per tonne silver, and 0.44 per cent lead (Assessment Report 11178).