The Loui's area is underlain by andesitic rock of the Lower Jurassic Unuk River Formation, Hazelton Group.

It was reported in 2009 by Ascot Resources that a strong sulphide-bearing vein was found in outcrop in a road-cut along the Big Missouri Road, just beyond the crusher. The vein contains pyrite, galena and arsenopyrite. An excavator was used to expose the vein which was visible for over 10 metres along the edge of the road. Orientation of the vein was variable but appeared to be dipping gently to the east into the hillside. Surface sampling results were excellent with the best 1 metre chip sample assaying 16.44 grams per tonne gold, 647.9 grams per tonne silver, 0.18 per cent copper, 24.00 per cent lead, and 0.98 per cent zinc (Assessment Report 31489). Other samples also had good results and showed the vein extending for at least 10 metres in outcrop. One drill hole (P09-020) was completed from a setup along the road just above the showing but did not yield any significant results. It was later proposed that the vein may be flat lying, and after drilling through thick overburden and road fill the rest of the hole was already below the mineralization. Rock types encountered in core were a mix of feldspar porphyry and andesite.

From 2009 to 2020, Ascot Resources Ltd. conducted drilling and geophysical surveys in the Premier Gold project area. See Premier (104B 054) for details and work history.