The FR-2 occurrence is located near the north western end of Finger Lake, approximately 6.9 kilometres west-northwest of Horsefly.

The area is underlain by basalts and volcaniclastics of the Upper Triassic Nicola Group.

Locally, as exposed by test pits and drilling, a pyroxene phyric basalt, (syenite?) and tuffaceous fragments within a polylithic felsic breccia unit host mineralized fragmentals. Mineralization consists of disseminated fine-grained sulphides (primarily bornite and chalcopyrite) with trace native copper. In 2002, surface samples assayed up to 5.26 per cent copper and 52 grams per tonne silver, while in the same year a drill hole (RP02-02) intersected 4 metres averaging 0.103 per cent copper from 69 to 73 metres depth within a pyroxene phyric basalt; another 2 metres, from 139 to 141 metres depth, yielded 0.113 per cent copper near the base of a thick interval of analcite basalt (Assessment Report 27121).

Another mineralized zone, located 150 metres to the southeast and consisting of syenite-pyroxene phyric basalt, was identified by trenching in 2001. Samples of bedrock or angular sub-crop yielded up to 5.26 per cent copper and 5.2 grams per tonne silver (Assessment Report 27121).

In 1999, Herb Wahl and Jack Brown-John staked the Dot Corn claims and later the Rim claims. Subsequent work carried out by the two included prospecting, a wide spaced enzyme leach soil survey and conventional soil sampling followed by test pitting and trenching. Results of their work discovered extensive areas containing highly anomalous copper and silver values in both bedrock and float samples. In late 2002, Phelps Dodge signed a joint venture agreement on the property with the owners.

During the latter part of 2002 and early 2003, core drilling concentrated on further development of the Bird Drop showing and Boulder showing areas. Seven core holes were drilled for a total of 1009.7 metres. Results indicated that the showing did not contain copper grades over significant widths indicative of ore grade material. The claims were subsequently allowed to lapse.

In 2011, a soil sampling program was completed to expand the 2009 soil grid. This program identified a copper-lead-zinc-silver soil anomaly greater than 1 kilometre long and up to 300 metres wide with in the northern section of the Central Shear zone. The following year, a program of test pitting was completed but failed to reach bedrock.