The Pryce Channel 7 occurrence is located on a north flowing tributary of the Quatam River, approximately 25 metres downstream and upstream of a former logging road bridge.

The area is underlain by intrusive rock of the Jurassic to Cretaceous Coast Plutonic Complex. Samples from 10 kilometres west on Bute Inlet give an age of 97 to 99 million years by the potassium-argon method from biotite and hornblende (Geological Survey of Canada Open File 480).

Locally, disseminated pyrite, chalcopyrite and molybdenite are hosted by a minor epidote altered granodiorite. Quartz veins in the granodiorite locally host disseminated, fracture filling and blebby molybdenite with trace chalcopyrite.

In 2010, samples of the mineralized granodiorite assayed up to 0.468 per cent copper and 0.720 per molybdenum, while a sample (MHR40) of quartz vein material assayed 4.10 per cent molybdenum (Assessment Report 32318).

In 2007, Archangel Resources took rock samples from the area. In 2010, AZ Copper completed a program of rock and soil sampling.