The Freddie Lee property is situated on Crown grant Lot 475 at 1860 metres elevation above sea level in the Slocan Mining Division. The property is on the east side of the ridge that separates Cody and Sandon creeks.

The claims extend from the creek, at the 1310-metre elevation, to the summit of the north trending ridge at an elevation of about 1981 metres. The Airdrie Fraction, Freddie Lee, Colonial (082FNW069), and Cristein (082FNW254) claims are located from north to south near the crest of the ridge. The Chicago No. 2, Chicago Fraction, and Pullman Fraction claims (082FNW194) cover the ground down slope from the Colonial and Freddie Lee.

The Freddie Lee claim (Lot 475), staked in 1891 by J. Wardner under the law providing for extralateral rights, was the first property in the Slocan district to ship ore. The Freddie Lee Mining Co. was incorporated in March 1893 and by the end of the 610 metres of development work had been done. The claim was Crown-granted to the company in 1894. Intermittent exploration and development work was carried on for a number of years; in 1902 a total of 152.4 metres of tunneling and 61 metres of raising and sinking was reported. The company charter was surrendered in 1912. The claim was acquired by U. McCune, of Salt Lake City, in about 1917 and further exploration and development work was done at that time. Some work was reported on the Freddy Lee claim by lessees in 1940.

The Colonial claim (Lot 5313) was owned and intermittently explored by A.D. Coplen, of Spokane, from about 1906. In 1928 the Colonial, Freddie lee, Cristein, Airdrie Fraction, and Nellie claims were acquired under option by W.G. Wasmandorff of Vancouver. The Cristein claim (Lot 5369) had been Crown-granted to Messrs. McDonald and Taylor in 1904; the Airdrie Fraction (Lot 9832) had been Crown-granted to Messrs. McAllistar and Bigney in 1910. Colonial-Slocan Mines, Limited, was incorporated in May 1929 to acquire the claims and carry on exploration work. Work by the company ended in January 1930 and the company charter was surrendered in 1932.

The workings on these claims include 9 or more short adits and several raises and intermediate levels. The upper 4 adits explore the Freddie Lee vein down dip. The lower adits comprise the principal workings on the Colonial and Chicago No. 2 claims.

Regionally, the area lies on the western margin of the Kootenay Arc, in allochthonous rocks of the Quesnel Terrane. In the vicinity of the occurrence, the Quesnel Terrane is dominated by the Upper Triassic Slocan Group, a thick sequence of deformed and metamorphosed shale, argillite, siltstone, quartzite and minor limestone. Rocks of the Slocan Group are tightly and disharmonically folded. Early minor folds are tight to isoclinal with moderate east plunging, southeast inclined axial planes and younger folds are open, southwest plunging with subhorizontal axial planes. The sedimentary sequence has been regionally metamorphosed to lower greenschist facies.

South of the occurrence, the Slocan Group has been intruded by the Middle Jurassic Nelson intrusions which comprise at least six texturally and compositionally distinct phases ranging from diorite to lamprophyre. The most dominant phase is a medium to coarse grained potassium feldspar porphyritic granite. Several feldspar porphyritic granodiorite dikes, apparently related to the Nelson intrusions, also cut the sedimentary sequence near the occurrence (Paper 1989-5).

The Crown grant is underlain by sedimentary rocks of the Slocan Group which form a broken syncline composed chiefly of massive quartzite and limestone. To the east the syncline is faulted against another broader syncline in which the strata dip generally to the east. The core of this syncline is occupied by slate and argillite. The occurrence is hosted within quartzite beds of the western synclinal structure.

The occurrence consists of a fissure vein striking 065 degrees and dipping 65 degrees southeast. The vein has been stoped for at least 30 metres along strike. Mineralization included galena, sphalerite and pyrite in a gangue of quartz and siderite.

The first ore shipment from the Sandon area was from the Freddie Lee property in 1892. Total production from the property between 1892 and 1940 yielded about 2834 kilograms of silver, 443,396 kilograms of lead, 100 kilograms of zinc and 93 grams of gold from 741 tonnes mined.

During 2007 through 2009, Klondike Gold Corp. completed programs of prospecting, soil sampling and trenching on the area.