The Slate showing is located along Ashlu Creek, southwest of Porterhouse Peak north of Squamish. The property is underlain by a small roof pendant of argillite and rhyolite correlative with the Lower Cretaceous Gambier Group and which is enclosed by quartz diorite of the Jurassic to Tertiary Coast Plutonic Complex. Intrusive rocks in this area are locally gneissic. A northwest trending fault, that parallels the Ashlu Creek drainage, strikes through the prospect area.

Mineralization, consisting of fine grained silvery sulphides and tellurides with gold, silver and platinum, occurs in two northwest trending zones parallel to Ashlu Creek. Tungsten has also been identified in drill core, occurring as both scheelite and wolframite.

Of three samples taken, the best graded 0.17 gram per tonne gold, 0.69 gram per tonne silver and 0.069 gram per tonne platinum (Assessment Report 15406).