The Steele property is located north of and adjoining the Lead Queen group (082KNE026) at an elevation of 2530 metres on what could be the northern extension of the Lead Queen fissure.

Work on the Steele group began in about 1900 and in 1917 the Steele (Lot 12499) and Steele No. 2 (Lot 12500) were Crown-granted to a Messrs. Williamson, Cobb, Cottle and Scott. The Alice Arm Holdings Company, of Vancouver, acquired the property in about 1922 and part time work was continued into 1925. The vein has been developed by two crosscut adits and an unknown amount of drifting.

It is recorded that in 1923, 200 tonnes of ore were mined from which 159,465 grams of silver and 63,749 kilograms of lead were recovered.

The property was acquired by G. and M. Larrabee in 1969. One option agreement was started with Frances Creek Mines Ltd. but no work was done on the property. In 1994, the Larrabees had 6 diamond-drill holes executed totalling 338.6 metres.

The property is underlain by sediments of the Middle Proterozoic Mount Nelson Formation, Purcell Supergroup. A major fault cuts most of the claims, striking north-northwest. Rocks in the property area inlcude limestone or dolomite, quartzite, argillite, black slate and calcareous schist. The fault that cuts these rocks has provided the locus for mineralization. The dolomitic unit which hosts the ore lies on the west limb of a recumbent anticline.

Ore lenses and pods and occasional disseminations are developed within the dolomitic unit. Ore consists of massive galena with minor brown sphalerite, quartz and pyrolusite. Tetrahedrite has also been reported. The mineralization can be traced south within the dolomite for at least 100 metres. It thins out to the south after about 30 metres and can be traced for another 70 metres as sporadic pods and wisps. Shearing has been observed striking 030 degrees.