The VER showing is located on the south western slope of 5040 Peak, northeast of the Effingham River.

The area is underlain by intermediate and mafic volcanics of the Upper Triassic Karmutsen Formation (Vancouver Group) intruded by granitic to dioritic stocks of the Early to Middle Jurassic Island Plutonic Suite.

Locally, sulphides occur in or as hydrothermal veins, breccias and pods filling fractures and open spaces in altered Karmutsen volcanics. The mineralogy of these structures is quite diverse and is characterized by widely varying contents of sulphides with pyrite ranging from 3 to 50 per cent and chalcopyrite up to 15 per cent. Carbonates, epidote and quartz are the dominant gangue minerals.

The area was originally explored in conjunction with the Alpeer (MINFILE 092F 433) occurrence to the west. From 1971 to 1972, Mount Washington Copper Company and Phelps Dodge completed programs of soil geochemical surveys that outlined several copper anomalies. The property was re-staked in 1982 and optioned to Placer Development Limited in 1984. In 1985, a limited program of geophysical and geochemical surveys identified five zones of anomalous gold content in soils. In 1987, the property was optioned by Acquest Enterprises and an exploration program of rock chip sampling was completed. From 1994 to 1997, the property was prospected by R. McGreevy and resulted in the discovery of the VER and VER PMC showings. A 0.35 metre grab sample of a massive chalcopyrite and pyrite vein returned values of 1.895 grams per tonne gold, 181 grams per tonne silver and 9.02 per cent copper (97MC08; Assessment Report 25322).