The NICHOL prospect is located in the Nichols Creek valley, near its headwaters, 2.5 kilometres northwest of Sorcerer W3 Peak and 38.5 kilometres west-northwest of the village of Gold Bridge.

The area is primarily underlain by the Early Tertiary-age granitic Bridge River Pluton, which intrudes the Late Cretaceous quartz diorite to the southeast and a similarly aged granodiorite body, the Lord River Pluton to the north, west and southwest. The intrusive rocks are overlain by flat-lying Miocene-age basaltic flows (Garibaldi) and intruded by basalt to diorite feeder dikes and felsite, quartz porphyry and felspar porphyry dikes.

These rocks are cut by northwest-striking, steeply dipping fractures and shears. Locally, at least five mineralized veins have been identified by trenching and drilling, over an area of 600 by 400 metres. Mineralization comprises chalcopyrite and molybdenite in quartz veins and veinlets in a shear zone. Wallrock alteration is dominantly argillic, though some silicification and potassic alteration is also noted. The Nichol prospect may be a northerly extension of the northwest-striking Bornite Trend, of copper shear mineralization (see Bornite occurrence, Minfile 092JW045).

In 1981, a drill hole (79-S2) intercepted 8.4 metres yielding an average of 3.50 per cent copper, 0.029 per cent molybdenum and 34.2 grams per tonne silver (Assessment Report 10246).

In 2005, a grab sample (164607) from Trench 4 assayed 7.65 per cent copper, 26.2 grams per tonne silver and 0.11 per cent molybdenum; another grab sample from Trench 9 assayed 8.91 per cent copper, 33 grams per tonne silver and 0.043 per cent molybdenum (Assessment Report 28271).

The area was originally explored by Cominco in the 1930’s. An adit, 32.9 metres long and located at an elevation of 1865 metres, was completed during this time. In 1963, Phelps Dodge completed a program of geological mapping, soil sampling and a ground magnetic survey on the area as the Nichol claims. In 1981, Goldbridge Holdings completed eight diamond drill holes, totaling 380.7 metres, on the area as the Copper and CU claims. During 2005 through 2019, Cresval Capital Corp. completed programs of prospecting, geochemical sampling, trenching, an induced polarization survey, 2031.5 metres of diamond drilling in nine holes, an airborne magnetic and radiometric survey and a ground magnetic survey over areas of the property known as the Copper 1-25 claims, the Bridge River project and the Mike property. Only minor exploration works were targeted towards the Nichol prospect during this period. Cresval changed its name to Transforma Resources Corp. in October 2021.