The Grand Times (L.1173) occurrence is located on a west-facing slope between Equesis and Banks creeks, approximately 19 kilometres northwest of Vernon.

Regionally, the area is underlain by basaltic volcanics, mudstone, siltstone, shale and fine clastic sedimentary rocks of the Upper Triassic Nicola Group, which are in probable unconformable contact with Devonian to Triassic sedimentary and volcanic rocks of the Harper Ranch Group. Middle Jurassic granitic rocks intrude the Nicola and Harper Ranch groups and outliers of volcanic rocks of the Eocene Kamloops and Penticton groups overlie the older units.

Locally, argillaceous (phyllite) rocks, sericitized rhyolitic volcaniclastics and a feldspar porphyritic tuff of the Nicola Group host a carbonate-altered shear zone with quartz veins containing pyrite, chalcopyrite, sphalerite, galena and rare native gold. The main quartz vein varies from 0.15 to 4.50 metres in width and is reportedly 2.0 metres wide at the upper adit. Other narrow, 2- to 10-centimetre wide, east-west–trending quartz veins are reported in the area.

In 1981, a sample (BHT-2) from an east-west–trending, 2- to 10-centimetre wide, quartz vein assayed 0.75 gram per tonne gold (Assessment Report 10031).

In 1983, a rock sample assayed 0.68 gram per tonne gold, and the following year a sample (GQH1921), taken southeast of the adits, yielded 1.95 grams per tonne gold and 37.0 grams per tonne silver (Assessment Report 14305).

In 1987, rock samples yielded up to 0.20 gram per tonne gold and 7.1 grams per tonne silver (Sample PEN-63; Assessment Report 15535).

The area has been explored since the late 1800s, and by 1899 two adits including a 55-metre long tunnel had been completed.

In 1969, Brown-Overton Mines Ltd. completed a program of rock and soil sampling and an 18.6 line-kilometre ground magnetic survey on the area as the Red Hawk claims. The former adit(s) was reportedly caved by this time.

In 1981, R.J. Bilquist prospected the area as the Hidden 1-6 and Hidden Treasure 1-2 claims. In 1983 and 1984, MineQuest Exploration Associates Ltd. completed programs of prospecting, geological mapping and rock, silt and soil sampling on the area as the Penny claim. During late 1985 through 1987, Tournigan Mining Explorations Ltd. completed a program of prospecting, soil sampling and geological mapping on the area as the Greg claim. Also in 1987, Goldstone Exploration Ltd. completed a program of rock sampling, geological mapping and a 15.0 line-kilometre combined ground magnetic and electromagnetic (VLF) survey on the area as the Penny claim. In 1988, Whist Holdings Ltd. soil sampled the area as the Aspen claim.