The Homestake occurrence is located on the west side of Perry Creek between Liverpool and Manchester creeks at approximately 1650 metres elevation.

The area is underlain by sedimentary rocks of the middle Creston Formation intruded at their (faulted) contact with Kitchener Formation by diorite sills of the Moyie Intrusions; all these units belong to the mid-Proterozoic Purcell Supergroup.

Locally, numerous irregular quartz veins and lenses with a little carbonate and predominantly disseminated pyrite with minor galena and chalcopyrite and rare free gold. The veins are hosted in a 3 to 5 metre wide shear zone in a dioritic sill or dike that intersects thinly bedded slates, limy sediments and minor quartzite beds of the middle Creston Formation and phyllitic argillites, or slate, of the Kitchener Formation. The dike is pervasively chloritized and silicified with a network of quartz veinlets in places. The shear zone strikes north 30 degrees east and dips 85 degrees east, while the dike strikes north east and dips steeply south.

Quartz veins assay up to 1.7 grams per tonne gold over a width of 3 metres, although picked material yields as much as 10 grams per tonne gold (Minister of Mines Annual Report 1915).

Sampling by W.V. Smitheringale (report in Property File, dated August 1932) gives values from 0.3 to 69.6 grams per tonne gold, averaging 3.4 grams per tonne gold, over a width of 1.5 metres.

In 1979, a dump grab sample (3384B) from the shaft area assayed 4.8 grams per tonne silver and 2.9 grams per tonne gold (Assessment Report 7723).

In 1981, dump samples (49137 and 49138) from the Homestake shaft area assayed up to 2.9 grams per tonne gold and 8.6 grams per tonne silver, whereas a select sample (49139) from a trench assayed 4.8 grams per tonne gold (Assessment Report 9850).

In 1986, a rock sample (CS-28/1628H) of quartz in siltstone with pyrite from a former shaft assayed 3.0 grams per tonne gold (Assessment Report 15649). Diamond drilling identified a silicified fault system anomalous in gold for at least 200 metres with a true width of approximately 7 metres; best results yielded 1.0 metre assaying 10.3 grams per tonne gold (Assessment Report 15649).

In 1987, a sample (37819) assayed 7.8 grams per tonne gold (Assessment Report 17514).

A 2.7-tonne bulk sample is reported to have yielded 27.7 grams of gold or 10.3 grams per tonne gold (Assessment Report 17514).

The area was originally explored in 1915 with programs of trenching and drifting on several shafts on the Homestake claim group. This included the Columbia (MINFILE 082FSE009) occurrence to the south west and the Wallinger tunnel to the south on former Badger Crown grant. In 1932, the Homestake property was held by Cranbrook Gold Mining Company and a program of drifting was completed.

In 1978, Meridian Resources completed a program of geochemical sampling and geological mapping on the area as the Luke group. During 1979 through 1985, Gallant Gold Mines completed programs of rock, soil and silt sampling, trenching, geological mapping and ground electromagnetic and magnetic surveying on the area as the Perry Creek property. In 1987, Chapleau Resources completed a program of soil, silt and rock sampling, trenching and geological mapping on the area as the Racki claims, Morgan property. In 1993, a 3.2 line-kilometre ground electromagnetic survey was completed. In 1997, Madman Mining soil sampled the area. In 2003, Chapleau Resources conducted an extensive exploration program of surface prospecting, rock and soil sampling and geological mapping on the area as the Zinger property. In 2016, West Gold Corp. completed a program of prospecting, rock sampling and geological mapping.