The VER PMC showing is located in the upper western slopes of the Effingham River, at approximately 660 metres elevation.

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. At the Alpeer occurrence, andesites and rhyodacites are in fault contact with granodiorite to diorite rocks.

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.

In 1997, a 0.10 metre chip sample of a massive pyrite-quartz filled shear zone assayed 0.13 gram per tonne gold and greater than 10 per cent copper. Another sample, in the same area, of chlorite-epidote stockwork with pyrite and lesser chalcopyrite, assayed 0.305 gram per tonne gold over 2.0 metres (Assessment Report 25322). In 2011, a grab sample (L11MS029) of pyrite veins assayed up to 8.73 grams per tonne gold (Assessment Report 32682).

The area was originally explored in conjunction with the Alpeer occurrence (MINFILE 092F 433) 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. In 2009 through 2011, Electrum Resources completed program of geochemical sampling and geological mapping on the area as the Lucky 18 claim, apart of Lucky property.