The Paystreak occurrence is located on the east side of Teeta Creek, approximately 600 metres south of the creek mouth. The 1903 Annual Report location coincides with the Moon 7-Star 1 claim locations of Assessment Report 5997.

The area lies in the Insular Belt of the Cordillera. The region is underlain mainly by volcanics and crystal- line rocks and minor sediments.

Overlying an assemblage of Paleozoic Sicker Group sediments and Upper Triassic basalts and minor carbonate and clastic sediments of the Vancouver Group is the Lower Jurassic Bonanza Group of andesitic to rhyodacitic lava, tuff and breccia. Bonanza volcanism is coeval with, or genetically related to Jurassic Island Plutonic Suite granodiorite that has invaded all older rocks and, in this area, occurs as small, isolated stocks.

The Geological Survey of Canada 1929 Summary Report (page 133) locates the occurrence within silicified andesite flows of the Bonanza (?) Group that strike north and dip 45 degrees west. A granodiorite stock occurs nearby at the Quatsino King (MINFILE 092L 054)occurrence. At the dump of an old flooded shaft, pyrrhotite, black sphalerite, pyrite and minor chalcopyrite occur. Just below this, in a small creek, massive pyrrhotite is present. Stripping exposed pyrrhotite, sphalerite and pyrite over a width of up to 1.2 metres.

The 1903 Minister of Mines Annual Report (page 200) describes the mineralization as a 280-degree striking, vertically dipping quartz vein, 20 to 25 centimetres wide in a porphyry host rock. A sample assayed 0.34 grams per tonne gold, 34.29 grams per tonne silver and 10.9 per cent copper.

Work History

In 1984, Teriton Resources completed a program of soil sampling, geological mapping and ground geophysical surveys on the area. In 1987, Esso Resources completed a program of rock, silt and soil sampling on the area as the Teeta 1 claim. In 1989 and 1991, J.R. Billingsley prospected the area as the JRB 1-3 claims. In 1993, Great Western Gold completed a program of geochemical sampling and ground geophysical surveys on the area. In 2013, J.R. Billingsley completed a program of geological mapping and structural analysis on the area as the Quatsino King property. In 2019, Arcwest Exploration Inc. completed a program of geological mapping and rock sampling on the area as a part of the Teeta Creek property.