The AUMAX 97 occurrence is located on the eastern side of Cayoosh Creek, approximately 16 kilometres southwest of Lillooet and at an elevation of approximately 1570 metres.

The region is underlain by the Mississippian to Jurassic Bridge River Complex (Group), which is exposed along a broad, complex, antiformal structure that plunges northwest. The group consists mainly of a thick sequence of bedded chert, chert argillite and argillite intercalated with altered basaltic flows (greenstone) and minor limestone. The greenstone is altered to listwanite (quartz- carbonate alteration) and flooded by pyrite. Most of the Bridge River Group exhibits pumpellyite- prehnite metamorphic grade. These have been intruded by Late Cretaceous to Paleogene granodioritic rocks.

Locally, a stockwork system of quartz veins, up to 1.2 metres wide and traced for 150 metres, is hosted by a shear zone in a silica- altered greenstone and a large felsic-chloritic dike. The veins strike at 300 degrees and dip 60 degrees north. Sulphide mineralization consists of tetrahedrite, tennantite, chalcopyrite, galena and pyrite, with malachite, azurite and hematite alteration.

The Aumax 97 showing was discovered during forestry road construction in 1997. The following year, Aumax 98 was discovered approximately 1 kilometre south on a ridge crest between Cayoosh and Phair creeks. During 1997 through 1999, the area was prospected, trenched and sampled by Cross Lake Minerals Ltd. and Gold-Ore Resources Ltd. In 1997, a grab sample assayed 6.2 grams per tonne gold, 2603 grams per tonne silver and 0.23 per cent copper (Assessment Report 26236). In 1999, a channel sample (AR99+13) assayed 5.3 grams per tonne gold and 583.6 grams per tonne silver over 0.8 metre (Assessment Report 26236).

In 2004, Avino Silver & Gold Mines completed a program of rock and soil sampling, followed the next year by trenching and three diamond drill holes, totaling 145.0 metres, were completed on the Aumax 97 showing with low assay results. During 2012 through 2016, Cresval Capital completed programs of rock and soil sampling and geological mapping. In 2015, the Aumax 97 vein was traced 150 metres to the northwest and consists of a calcareous quartz breccia with oxidized vugs and sericite. A grab sample (11E016402) assayed 0.60 grams per tonne gold and 534 grams per tonne silver (Assessment Report 35703).

In 2021 and 2022, Cazador Resources Ltd. conducted small soil and rock sampling programs over the property.