The FL occurrence is located on the north side of Friendly Lake, near its east end, along the eastern margin of the Triassic-Jurassic Friendly Lake Intrusive Complex (Fieldwork 2000). The mineralization is hosted by brecciated and carbonate-sericite-chlorite altered biotite hornfels derived from a mafic volcanic protolith probably of the Upper Triassic Nicola Group (Assessment Report 16462). It comprises disseminated fine-grained pyrite, with trace amounts of chalcopyrite, galena, sphalerite, molybdenite and arsenopyrite, within the breccia fragments and, to a lesser degree, the matrix.
Mineralization in the Friendly Lake area was located as a result of a regional geochemical survey carried out by Anaconda American Brass Limited during the summer of 1965. Anaconda commenced staking a large block of ground north of Friendly Lake based on the results of stream sediment geochemical anomalies. Their follow-up prospecting led to the discovery of fracture controlled copper-molybdenum porphyry-style mineralization in stockwork/breccia rocks north of Friendly Lake. Anaconda carried out geophysical work followed by trenching and drilling in 1966-1968. Imperial Oil and Vangulf Exploration, in a joint venture, conducted geological, geophysical and geochemical surveys, followed-up with trenching, on the FL 1-149 claims in 1972. The Saskatchewan Mining Development Corporation (SMDC) optioned the Anaconda claims in 1982 and carried out further geological, geochemical and geophysical work on them. In 1983, Lornex Mining Corporation optioned the claims and drilled 17 short percussion holes. Electrum Resource Corporation staked the Fri claims in 1994 and carried out a rock and stream sediment survey. In 1996, Electrum conducted VLF-EM geophysical surveys, rock geochemistry, photogeology and geological reconnaissance work. In 1997, Midland Exploration Corporation continued this work. The B.C. Geological Survey conducted a regional till geochemistry program over NTS mapsheet 92P08W and 09W in 1999 (Open File 2000-17).
In 2003, Electrum Resources Corp. optioned their Friendly Lake alkalic porphyry property to Lithic Resources Ltd. In 2004, Lithic Resources conducted a comprehensive program of airborne and surface geophysics, geochemistry, geological mapping, prospecting and drilling. The work defined broad copper, gold, silver and lead-in-soil anomalies, partly coincident with geophysical anomalies. Diamond drilling was reported to total approximately 2400 metres.
In 2004, Lithic Resources conducted a comprehensive program of airborne and surface
geophysics, geochemistry, geological mapping, prospecting and drilling. The work defined broad copper, gold, silver and lead-in-soil anomalies, partly coincident with geophysical anomalies. Diamond drilling was reported to total approximately 2400 metres. Fugro Airborne Surveys completed an helicopter-bome magnetic survey of the Friendly Lake property for Lithic. Flight lines were oriented along a due E-W direction and were spaced 100 metres apart. The survey comprised a total of 756 kilometres, including 73 kilometres of tie-lines. A drillhole in 2004 intersected 24.45 metres of 0.104 copper (News Release, Dec. 6, 2004).
In January of 2005, Lithic Resources Ltd. announced that results of its 2004 drilling program were not sufficiently encouraging and the property was being returned to Electrum Resources Corp.