The Nova showing is located 25 kilometres southwest of Vernon on the west shore of Wood Lake.

A rhyolitic porphyry of the Eocene Coryell Intrusions intrudes Middle Jurassic porphyritic quartz monzonite of the informally named Terrace Creek batholith. Spherulitic and miarolitic textures in the porphyry indicate a high level of intrusion. These cut metamorphic rocks of the Shuswap Terrane and are overlain with patches of Penticton Group volcanic rocks. The Okanagan Valley fault zone is centered along Wood Lake.

The fine-grained, moderately fractured K-feldspar porphyry hosts Tertiary, possibly Eocene, molybdenum mineralization. Molybdenite and pyrite occur in fractures, shears and sheared quartz veinlets in argillized rhyolite. This mineralized zone is at least 75 metres wide and strikes 070 degrees with a moderate southerly dip. Assay values range from 0.56 per cent molybdenite over 0.9 metres to 0.023 per cent molybdenum over 12 metres (Assessment Report 8922).

In 1968, Agricola Mines Ltd. carried out geological mapping and soil sampling.