The Toby 2 showing is located just south of the Toby 1 showing (092F 337), approximately 16.5 kilometres southeast of Port Alberni.

The area is underlain by Upper Triassic Karmutsen basalts of the Vancouver Group, intruded by diorite of the Early to Middle Jurassic Island Plutonic Suite. The basalts range from fine-grained to gabbroic in texture.

Mineralization is hosted in basalts and is considered to be of skarn origin. Chalcopyrite, magnetite and epidote generally occur along faults and shears. Best assays from one rock sample are 6.29 per cent copper and 38.57 per cent iron (Assessment Report 15957). Gold is slightly anomalous but is not significant in the skarn mineralization. However, a narrow pyritic quartz vein along a shear, apparently unassociated with the skarn event, assayed 2.88 grams per tonne gold and is genetically related to the Toby 1 showing (092F 337).

Soil sampling in 1988 indicated a limited extent to anomalous gold values. Mapping and sampling resulted in a few erratic high gold values associated with ankeritic shear zones and with minor quartz-pyrite veinlets in granitic rocks.

In 2009, P. Saulnier completed a prospecting program on the Corigan claim. A lone sample, from the area of the Toby 2 occurrence, assayed 0.01 parts per million platinum, 27.6 parts per million silver, 1250 parts per million nickel, 780 parts per million cobalt and 13.4 per cent copper (Assessment Report 30528).