The Falcon showing is located 3 kilometres northwest of Vernon.

In this area, west of the Okanagan Valley fault zone, volcanic and sedimentary rocks of the Devonian to Triassic Harper Ranch Group are unconformably overlain by Upper Triassic to Lower Jurassic Nicola Group sedimentary and volcanic rocks. These units are intruded by Middle Jurassic granitic rocks. Patches of Eocene Penticton Group volcanic rocks underlie the older rocks.

A quartz vein in Nicola argillaceous and tuffaceous sediments hosts gold, silver, copper and lead mineralization. The vein is 0.4 to 0.6 metre thick and traceable for 90 metres. Mineralization consists of disseminated arsenopyrite, pyrite and minor chalcopyrite, galena and free gold. Arsenopyrite also occurs in the wallrock. Free gold was taken from each 3 metres of the shaft and although average grades were low, some pockets assayed up to 17,140 grams per tonne gold (Minister of Mines Annual Report 1899, page 747).

By 1899, a 15-metre shaft had been sunk.