The Golden Eagle showing is located approximately 16 kilometres southeast of Port Alberni and about 12 kilometres southeast of the Debbie deposit (092F 079).

The area is underlain by volcanic and sedimentary rocks of the Devonian Duck Lake Formation (Sicker Group). A major vertical north trending fault cuts the rocks. The volcanics are intruded by diorite (McQuillan diorite stock) of the Early to Middle Jurassic Island Plutonic Suite.

Several small quartz veins, variably mineralized with pyrite, chalcopyrite, galena, sphalerite, and arsenopyrite occur in andesite. The main quartz vein, and old workings, strikes 030 degrees, dips 65 degrees southeast and occurs in a 150 by 60 metre body of feldspar porphyry. The vein is a few centimetres to 1.5 metres in width, is about 120 metres long, and has a vertical depth of 100 metres. Mineralization consists of ribbon-quartz with pyrite and minor sulphides. A one metre sample of the vein assayed 1.7 grams per tonne gold, 24 grams per tonne silver, 0.1 per cent lead and 0.85 per cent zinc (Gunnex Limited, 1965).

A sub-parallel vein, known as the BSF vein, lying to the south- west of the main vein, occurs in andesite. The vein is 0.1 to 1.0 metres wide, strikes northeast and dips 70 degrees east. A 1.1 metre chip-channel sample assayed 17.5 grams per tonne gold, 1.46 grams per tonne silver, 0.35 per cent lead, 0.27 per cent zinc, and 0.05 per cent copper (Assessment Report 10194).

From 1999 through 2002, Mandalay Resources completed programs of prospecting and rock and soil geochemical surveys on the King claims. In 2000, grab sampling of a massive sulphide zone with quarz veining, 100 metres south west of the adit, returned up to 14,321.9 parts per billion gold, 19.6 parts per million silver, 497 parts per million copper, 4799 parts per million lead, 18,662 parts per million zinc across 0.10 metre (Assessment Report 26392). In 2002, rock sampling of the same zone assayed up to 10.93 grams per tonne gold, 26.4 parts per million silver, 607 parts per million copper, 6054 parts per million lead and 17,724 parts per million zinc (DK 2805; Assessment Report 27089).

In 2004 and 2005, prospecting and minor trenching was completed by B. Hanslit on the Waterhen property.