The Wally showing occurs on the north end of Sechelt Peninsula, 500 metres northwest of the north end of Waugh Lake.

A sulphidic quartz vein (Wally 3 Vein) is developed in hornblende biotite granodiorite of Upper Jurassic age, within the western margin of the Jurassic to Tertiary Coast Plutonic Complex. The vein strikes 150 degrees for at least 12.5 metres and dips 56 degrees southwest. Widths vary from 0.65 to 1.8 metres. The vein is truncated to the northwest and possibly also to the southeast by strike-slip faults.

The vein is comprised of chalcopyrite, pyrite and molybdenite as disseminations, pods and bands up to 0.4 metre thick in a gangue of vuggy, milky white quartz. Total sulphide content varies from 8 to 20 per cent. These sulphides also extend into the wallrock, which exhibits sericite-epidote-chlorite alteration up to 0.3 metre from the vein. A grab sample of the vein assayed 6.65 grams per tonne gold, 65.5 grams per tonne silver and 2.96 per cent copper (Assessment Report 14264, Appendix, Sample 1).

A second quartz vein (Wally 3a Vein), striking 130 degrees for 3 metres and dipping 30 to 50 degrees southwest, outcrops 150 metres south of the previous vein, within hornblende biotite quartz diorite. The vein pinches and swells to a width of 0.3 metre. Pyrite, molybdenite and chalcopyrite occur along fractures and as disseminations in the vein.