The Golden Fraction occurrence is located on the Fairy Creek Mainline logging road, approximately 2.5 kilometres northeast of Fairy Lake.

The area, according to Muller, is underlain by an east trending band of rocks known as the Chert-Argillite-Volcanic Unit, of the Mesozoic Pacific Rim Complex. In this area, the rocks are reported to consist of deformed cherts, argillites, limestone, sandstone, pyroclastics and volcanic flows. In contact with the northern boundary of this band, are metamorphic rocks of the Mesozoic and/or Paleozoic Westcoast Complex.

Locally, gabbros and diorites host serpentinite with pyrite and chalcopyrite mineralization.

In 2008 through 2010, the area was prospected by Le Baron Prospecting as the Golden Fraction and Golden 7 claims. In 2008, a sample (No. 2) assayed 0.144 gram per tonne gold, 5.1 grams per tonne silver, 0.1755 per cent cobalt, 0.52 per cent copper and 30.3 per cent iron (Assessment Report 30019). In 2009, a rock chip sample (H031024) of serpentine hosting sulphides assayed 1.37 per cent copper and 5.5 grams per tonne silver (Assessment Report 30915).