The Blue Ribbon showing is located 3.0 kilometres east of Homestake Creek and 32 kilometres north-northwest of Alice Arm. The area was explored in the early 1920s.

Calcite, mineralized with chalcopyrite, minor galena, and native gold occurs as infillings in fractured and crushed Upper Triassic Stuhini Group argillite. Samples of pure chalcopyrite assayed 34 per cent copper and 3.3 grams per tonne gold, and a calcite sample assayed trace gold and silver and 1.8 per cent copper (Minister of Mines Annual Report 1921, page 51).