The Lisa Dawn molybdenum prospect is exposed on the hillside southeast of a small pond at the headwaters of the southeastern-most tributary to Holbrook Creek in the southern Shulaps Range. The prospect is approximately 100 metres uphill from a narrow road along the southeast shore of the small pond. The Lisa Dawn prospect consists of a molybdenite-bearing quartz vein at the contact between plagioclase-porphyritic dacite (Tertiary Rexmount Porphyry) and quartz-flooded and chloritic altered granodiorite (Eocene Mission Ridge pluton).

The attitude of the vein is approximately 310 degrees with a 50 degrees east dip. It is approximately 1.5 to 2.0 metres thick and is exposed on the hillside for approximately 20 metres. The vein is mostly massive milky white quartz, slightly rusty and contains minor chloritic partings. A 10-centimetre thickness of vein material adjacent to granodiorite contains stylolitic veinlets and pods of molybdenite up to 2 millimetres by 5 centimetres in size; a yellow earthy alteration (probably ferrimolybdite after molybdenite) is locally abundant in vuggy quartz and along fractures. The vein also contains anomalous copper and gold values. Silicic granodiorite adjacent to the vein contains disseminated flakes of molybdenite; the extent of this mineralization is not known.