The Moonlight Glacier 2 showing is located about 100 metres west of American Creek, near the toe of the Moonlight Glacier, 32 kilometres north of Stewart. The Moonlight Glacier is a tongue that extends eastward from the Betty Glacier about 15 kilometres north of the confluence of American Creek with the Bear River.

The area is underlain by north-northeast trending, west dipping Lower Jurassic rocks of the Unuk River Formation (Hazelton Group). These lie on the west limb of the American Creek anticline (Bulletin 58; 63). Volcanic breccia is intruded by northwest trending dacitic dikes.

The showing comprises a quartz-pyrite-arsenopyrite vein, 0.5 to 1.1 metres wide, exposed over a length of 75 metres. The vein typically comprises 60 per cent quartz, 3 to 5 per cent pyrite and 1 per cent arsenopyrite. Chip samples across the vein assayed up to 3.54 grams per tonne gold and 0.50 gram per tonne silver across 1.0 metre; negligible copper, lead and zinc values were reported (Assessment Report 19746).

A showing on the Camp 2 claim may lie close to the Moonlight Glacier 2 showing; the exact location is unknown. A 3.7 metre wide quartz vein, mineralized with pyrite, outcrops on the west side of American Creek. A sample from the vein assayed trace gold and 8.2 grams per tonne silver across 1.2 metres (Minister of Mines Annual Report 1930, page 110).

The early history of the showing is unknown. It may have been covered by the Camp, BLK, Bryant and Dundee claim groups staked by Bryant, Little and Kimball in 1929. In 1988, D. Cremonese conducted a heli-borne VLF-EM and magnetometer survey over the area. In 1989, White Channel Resources Inc. carried out a program of geological mapping, prospecting and sampling, silt and soil geochemical surveys, and ground VLF-EM and magnetometer surveys on the Rich 1-4 claims. Trenching was done on the showing on the Rich 3 claim. There are two other showings on the Rich 3 claim: the Moonlight Glacier 1 (104A 120) and the Moonlight Glacier 3 (104A 122). In 1992, White Channel Resources Inc. carried out a program of geological mapping, linecutting and VLF-EM and magnetometer surveying to assess the mineral potential of the upper Moonlight Glacier. Two grids were established over mineralized areas.