The Victim Molybdenite #1 occurrence is located 2.5 kilometres west of the north end of Slocan Lake and 3.5 kilometres southwest of the town of Hills.

Molybdenite occurs as blebs and rosettes in veins, quartz stringers and fracture fillings generally associated with quartz, muscovite and pyrite in aplites and pegmatitic phases near contact areas and in marginal phases of the Cretaceous Wragge Creek stock (Assessment Report 8402). The best intersection in diamond-drill hole 80-SH-03 was 0.042 per cent molybdenum across 1.5 metres in a weakly altered quartz diorite. The Wragge Creek stock is composed of hornblende biotite quartz monzonite and minor quartz diorite and granodiorite. A potassium-argon date on biotite yielded an age of 74 million years (GSC Open File 432). The stock has intruded and hornfelsed fine grained sedimentary strata and mafic volcanic rocks of the Triassic Slocan Group. The Slocan Group rocks are at low metamorphic rank and include grey to black phyllite, argillite, quartzite and limestone.

In 1970 (Assessment Report 2393), Argem Explorations Limited prepared 1662 metres of line and collected 191 soil geochemical samples which were analysed for zinc and molybdenum. In 1971 (Assessment Report 3004), Argem Explorations Limited prepared an additional 6344 metres of line, collected 178 soil samples and again analysed them for zinc and molybdenum. In 1980 (Assessment Report 8042), Cyprus Anvil Mining Corporation optioned the property and cut 9.2 kilometres of baseline and crossline and collected 1780 soil samples which were analysed for molybdenum, copper, lead, zinc and silver. In 1981 (Assessment Report 9175), Cyprus Anvil completed some trenching and four diamond-drill holes totalling 1042 metres. Molybdenite was intersected at this occurrence as well as at another 2 kilometres to the west (Victim Molybdenite #2, 082KSW188) and a vein containing galena and sphalerite was intersected 1 kilometre to the north (Victim Silver, 082KSW189). In 1983 (Assessment Report 11646), Shannon Creek Resources Limited collected 168 soil samples which were analysed for gold, silver, lead, zinc and copper. In 1986 (Assessment Report 14947), Silvera Resources Incorporated analysed 226 of the Cyprus Anvil soil geochemical samples for gold.