The Cal 1 and 2 claims are located on the southern end of Banks Island, approximately 3.7 kilometres north of Calamity Bay.

The area is underlain by a northwest trending narrow belt of Paleozoic metasedimentary rocks consisting of micaceous quartzite and crystalline limestone is bounded to the east by granodiorite and to the west by diorite of the Coast Plutonic Complex. The metasediments are highly folded and faulted.

Locally, a skarn body, trending irregularly northward and measuring 200 by 50 metres, occurs within limy metasediments as a pendant in granodioritic rock. Mineralization consists of disseminated pyrite, pyrrhotite, and sphalerite.

In 1984, Golden Eye Minerals Ltd. completed a program of prospecting, geological mapping and geochemical sampling. A sample assayed over 1 per cent copper and 0.216 gram per tonne gold (Assessment Report 14296).