The Preston (Lot 69s) is located 2 kilometres east of Greenwood, immediately south of the Creston (Lot 1711)(082ESE012).
In 1905, the Preston Mining Company developed the property with a 35-metre shaft, 80 metres of drifts and cross-cuts, and surface stripping. In 1906, ore was shipped and the claim Crown Granted to L.T. Dickason. A small shipment was also made by E.A. Wanke in 1923. Production for the two years totalled 16 tonnes, resulting in 62 grams of gold, 18,444 grams of silver and 306 kilograms of lead.
A quartz vein with values in gold and silver likely occurs in argillite and conglomerate of the Upper Paleozoic Attwood Group.