The Bud property is located 30 kilometres west of the town of Dease Lake in northwestern British Columbia. Access to the property is by helicopter from the town of Dease Lake. Alternative access is available using horse trails north from the Telegraph Creek-Dease Lake highway up the east side of the Tuya River and then east up Ross Creek onto the property.

The Bud claims were staked to cover a portion of a 10 kilometre belt of Lower Jurassic Laberge Group (Takwahoni Formation) mixed sedimentary rocks intruded by quartz feldspar porphyry dikes and sills.

The Bud anomaly area is underlain by hornfelsed Takwahoni Formation sediments consisting of greywacke, shale and conglomerates. These rocks strike west-northwest and dip moderately north. They have been intruded by quartz feldspar porphyry dikes and by a Jurassic granodiorite stock which outcrops in the northern part of the property.

The showing is inferred to be a polymetallic quartz vein similar to the setting of the nearby Mac occurrence (104J 064) located 4 kilometres east.

In 1991, a heavy mineral sample (DH124) taken from a stream analyzed 51,200 parts per billion gold (Assessment Report 20758). A follow-up heavy mineral sample in 1991 to confirm this result yielded 1420 parts per billion gold (Assessment Report 21849).