The Serpent occurrence is located on a south-flowing tributary of Bush Creek, referred to as Serpent Creek, approximately 3.6 kilometres west of the mouth of Bush Creek on Adams Lake.

Regionally, the area is underlain by basaltic volcanic rocks, greenstone and greenschist metamorphic rocks of the Lower Paleozoic to Devonian Dixon Ridge and Forest Lake units of the Eagle Bay Assemblage and mudstone, siltstone, shale and fine clastic sedimentary rocks of the Lower Paleozoic Sicamous Formation (Mount Ida Assemblage). These rocks exhibit several episodes of deformation.

Locally, mineralization occurs in the bed of an un-named tributary of Bush Creek and consists of very thin bands and lenses, up to 4 centimetres wide, of fine-grained pyrite, sphalerite, galena and very minor chalcopyrite in a thinly laminated siliceous phyllite. The phyllite is commonly "cherty looking". Disseminated pyrite and galena was noted over a section of approximately 20 metres.

Another zone of mineralization is located approximately 3.5 kilometres to the west, on the former Katherine claims, and consists of a rusty “sponge” zone, up to 5 centimetres wide, in a phyllite sequence.

In 1980, a grab sample (RS-7) of a sulphide lens assayed 1.9 per cent lead, 1.65 per cent zinc and 0.04 per cent copper (Assessment Report 8799, page 4).

In 1984, a rock sample (CR-WB-46) from the western “sponge” zone of mineralization assayed 0.274 per cent zinc (Assessment Report 13337).

The area was originally staked in 1971 and minor programs of prospecting and soil sampling were completed. In 1977, Craigmont Mines Ltd. completed a soil sampling program on the BU claims, located immediately to the west. In 1980, Canadian Nickel Co. Ltd. completed a program of soil sampling, geological mapping and ground geophysical surveys on the area as the Serpent claim. In 1984, Leader Resources Inc. completed programs of prospecting, geochemical sampling and ground geophysical surveys on the area as the Katherine 1-2 and Caroline 1-2 claims.