The Kingkown Lake showing is located on the northern region of Banks Island, between KingKown Inlet and Kingkown Lake, 89.5 kilometres due south of Prince Rupert, B.C.

A band of Permian (?) or older metasediments, striking 160 degrees, consists of massive to finely bedded marble, calc-silicate, and metapelite, and is flanked by granodiorite of the Coast Plutonic Complex. Near the western contact is a 3 metre wide quartz-garnet-epidote- hornblende skarn which is mineralized with chalcopyrite, pyrite, magnetite, and minor sphalerite and molybdenite (Roddick 1970). This zone was drilled by Falconbridge Nickel in 1963 (2 holes, total 125 feet). Base metal sulphide concentration was not observed in outcrop on the Paul Claims. Rock chip sampling (49 samples) completed over the Paul 1 and 2 grid area returned elevated to slightly anomalous Au, Ag, Mo, Pb, Zn and As values for 7 samples. These samples represent two lithologic units, pyritic quartz-pyroxene hornfels and pyritic + garnet bearing skarn.

A 1986 exploration program by Paladin Resources Ltd. defined two areas where anomalous geochemical values in soil and/or rock occur. Regional rock sampling has located statistically anomalous Au, Mo and Cu values in the Paul 4 claim. Geology indicates the area is underlain by a fault bound calcareous metasedimentary pendant intersected by northeast trending fault/lineaments. Mineralization is sparse, erratic, spatially related to quartz monzonite bodies and appears to occur in foliation parallel zones. No surface exposure of mineralization have been located which contain anomalous levels of Au (Assessment Report 15582).