The Gold Crest occurrence is located near shore on the western side of Warn Bay.

The region is underlain by Paleozoic Sicker Group sediments and volcanics. These are overlain by Upper Triassic Vancouver Group rocks consisting of Karmutsen Formation volcanics and Quatsino Formation limestone. Stocks of the Jurassic Island Intrusions consisting of granodiorite to quartz diorite intrude the strata. An assemblage of rocks belonging to the pre-Jurassic Westcoast Complex also occurs in the area. The assemblage consists of gneiss, amphibolite, agmatite, and quartz diorite or tonalite. This complex is considered to be derived from Sicker and Vancouver group rocks which were migmatized in early Jurassic time. Its mobilized granitoid part is thought to have become the source of the Jurassic Island Intrusions.

The showing consists of a brecciated shear in Sicker volcanics. Quartz healed breccia, quartz veining and fault gouge fill a 0.4 to 1.0 metre wide shear zone in an andesitic agglomerate. The zone strikes 166 degrees and dips 85 degrees to the east. In 1988, a one metre chip sample contained 3.09 grams per tonne gold and a sample of pyritic wallrock assayed 1.37 grams per tonne gold over 0.29 metres (Assessment Report 17589).

In 1986, W. Guppy completed a program of prospecting and geochemical sampling on the area as the Baycrest 1-3 mineral claims. During 1988 through 1990, Arklow Resources and Strabane Resources options the property and completed programs of prospecting, geological mapping, rock and soil sampling and ground magnetic and electromagnetic surveys.