The SOUTH PALLAS occurrence is located in the Cayoosh Range, at the headwaters of Argillite and Corona creeks, north of Downton Creek, at an elevation of approximately 1920 metres. The showing is on the south side of a ridge extending eastward from Modal Peak, approximately 19 kilometres southwest of Lillooet, B.C.

The region is underlain by the Mississippian to Jurassic Bridge River Complex (Group), which are 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.

Locally, a mineralized quartz veined listwanite has been exposed in subcrop. The Pallas and South Pallas occurrences are north-northwest extensions of the "Raven Trend", associated with a variably listwanite-altered band of greenstone.

In 2012, a sample (R91020) assayed 10.8 grams per tonne gold over 2 metres (Assessment Report 33410).

The area has been explored in conjunction with the Raven (MINFILE 092JNE056) occurrence. During 1990 through 1993, Reese River Resources completed programs of trenching, rock and soil sampling, geological mapping and 12 diamond drill holes totalling 480.7 metres. During 2008 through 2017, Cresval Capital completed programs of rock, silt and soil sampling, geological mapping, an orthophoto interpretation and ground magnetic and electromagnetic surveys on the area as the New Raven property.

In 2023 Dinero Ventures Ltd. conducted a trenching and rock sampling program over some of the area (Assessment Report 41545).