The Honey Bun occurrence is located at an elevation of approximately 1600 metres on a north- north west trending ridge, approximately 4.5 kilometres south of the south west end of Nahatlatch Lake.

The occurrence is hosted by a weakly altered, ferruginous phase of the Late Cretaceous Scuzzy pluton. The dominant host rock is medium-grained, pyritic quartz monzonite which, due to surface oxidation, now stands out as a prominent gossan. Within the gossanous area, the monzonite has been cut by a dark grey, rusty weathering feldspar porphyry dyke which hosts pyrite, barren quartz veining and inclusions of quartz monzonite. This dyke is thought to be pre-mineralization. A northeast trending fault hosting a 30- centimetre wide quartz vein appears to have displaced the dyke by several hundred metres.

Finely disseminated molybdenite with sparse chalcopyrite is hosted by quartz stockwork veining within the gossan. The veining occurs within a roughly circular area 600 metres in diameter which is outlined by anomalous molybdenum and, to a lesser extent, silver and lead in soils. More abundant mineralization was noted near the intersection of the fault and dyke.

Silicification and argillic (clay) alteration of the host intrusives is common in areas of quartz veining. Chloritic alteration is also evident where mafic minerals have not been previously destroyed.

In 1980 and 1981, Territorial Gold completed programs of rock and soil sampling and geological mapping on the area as the Honeybun claim.

In 2005 and 2006, Westminster Resources Ltd. completed programs of prospecting, soil sampling and an induced polarization survey on the area.