The Esperon 2 showing is located 29 kilometres north-northwest of Kelowna, north of Dun Waters Creek.
In this area, Middle Jurassic quartz monzonite of the informally named Terrace Creek batholith intrudes argillaceous sediments of the Eocene Penticton Group. The stock is cut by diorite plugs and dikes which are intruded by quartz monzonite and aplite dikes. The intrusive rocks are cut by Tertiary basalt dikes related to volcanic rocks which overlie the older rocks.
Chloritized and sericitized quartz monzonite porphyry hosts molybdenum mineralization. Quartz veinlets, usually 1 to 10 centimetres thick, carry blebs of molybdenite, scheelite and pyrite. The bottom 8 metres of the drill hole assayed 0.025 per cent molybdenum (Assessment Report 8664). A 30-metre section above this zone assayed 0.045 per cent tungsten (Assessment Report 8664).
Another drill hole, 800 metres to the southeast, encountered 4.5 metres of 0.021 per cent molybdenum.
In 1979 and 1980, Cominco Ltd. carried out geological mapping, induced polarization, magnetometer and percussion drill programs.