The IVY showing is located on the south slope of Mullins Hill, approximately 7 kilometres east-northeast of Carmi.

The showing occurs in a contact zone between metasediments of the Carboniferous-Permian Anarchist Group and an unnamed Middle Jurassic intrusion. The intrusion was previously mapped as Middle Jurassic Nelson Intrusions (Geological Survey of Canada Map 1736A). Contact metamorphism of the sediments and assimilation of country rock by the intrusives is common. Massive lenses of pyrite and pyrrhotite contain flecks of chalcopyrite and molybdenite within bands of hornblende gneiss and pyritic biotite schist.

This area, north of the Highland Bell Mine (082ESW030), has seen extensive exploration since the turn of the century. Early interest in the Mullins Hill area focused on precious metals; later, during the 1970's, the exploration related to the CARMI MOLY (082ENW036) deposit spilled over into this area. A large number of programs have been carried out in the area to the south and southwest of the IVY showing.

In 1971, Husky Oil Ltd. funded a large molybdenum exploration program in this area. The program included prospecting, soil sampling and a magnetometer survey. A grab sample, collected from an old pit on their grid at 17N + 100E, assayed 21 grams per tonne gold, 24 grams per tonne silver, 2.18 per cent copper, 0.12 per cent zinc and 0.016 per cent molybdenum (Assessment Report 3740). The soil sampling identified anomalies, but they did not correlate with known mineralization. Several northerly trending magnetic anomalies were identified by the geophysical survey. Additional work was recommended but there are no records of this being carried out.

During 2007 through 2009, Intigold Gold Mines Ltd. completed programs of rock and soil sampling and am airborne geophysical survey on the area as the Beaverdell property.