The Golden 5 occurrence is located in the headwaters between Reid and Renfrew creeks.

The area is mapped by Muller (Geological Survey of Canada Open File 821) as primarily diorite of the Mesozoic and/or Paleozoic Westcoast Complex. An east trending band of limestone is also mapped. Volcanics of the Lower Jurassic Bonanza Group occur to the north.

Locally, several exposures of skarned diorite host massive magnetite with chalcopyrite over an area of 100 by 150 metres.

In 2008 through 2010, Le Baron Prospecting completed programs of prospecting and geochemical sampling on the area as the Golden 5 claim. In 2008, samples G0686507 and G0686508 assayed 33.2 and 27.2 grams per tonne silver and 5.49 and 6.29 per cent copper, respectively (Assessment Report 30019). In 2010, samples E687405 through E687410, containing massive magnetite, assayed 55.9 to 66.4 per cent iron (Assessment Report 33022).