The MUD LAKE showing, 3.7 kilometres north-northeast of Salal Peak, is part of the Salal property. The site is approximately 39.5 kilometres west of Gold Bridge and 80 kilometres northwest of Pemberton.

Locally, fine-grained molybdenite occurs in east-striking, poly-phase quartz-pyrite veins, stock works and joints. The veins are commonly laminated, 30 to 60 centimetres thick and bounded by intensely silicified granite.

In 2007, two grab samples (148403, 148407) of strong quartz-sericite-pyrite alteration in biotite granite cut by quartz stockworks taken 350 metres apart at the Mud Lake occurrence assayed 0.28 and 0.86 per cent molybdenum (Assessment Report 29575).

In 2010, three blasted rock samples collected from two historic trenches at Mud Lake confirmed the association between molybdenum and rhenium on the property, returning 2.62, 3.24, 0.068 per cent molybdenum and 0.55, 3.05 and 0.422 grams per tonne rhenium, respectively (Assessment Report 32913b).

In 2012, a lone diamond drill hole (MSA-003) intersected 20.6 metres assaying 0.057 per cent molybdenum, 0.46 grams per tonne silver and 0.035 parts per million rhenium, including 4.8 metres yielding 0.207 per cent molybdenum, 1.02 grams per tonne silver and 0.109 gram per tonne rhenium. The intersection occurs within a 145.5 metre interval assaying 0.02 per cent molybdenum (Assessment Report 33341).

From 1965 to 1966, Southwest Potash Corp. optioned the property and staked additional ground, following which they completed a program of surveying, geological mapping, reconnaissance geochemistry and diamond drilling. In 2007 and 2008, Paget Minerals conducted small exploration programs to confirm past accounts of mineralization on the Salal property. Work included mapping and rock sampling in the Mud Lake and Logan Ridge area in the northern section of the property.

In early 2010, Miocene Metals Ltd. conducted airborne geophysical surveys over the Salal property. In late 2010 and throughout 2012, Miocene Metals Ltd. completed extensive programs of sampling, prospecting, mapping and four diamond drill holes on the Salal property. In 2022, minor soil and silt sampling and drone photogrammetric surveys were conducted in areas of the Salal property for R. Billingsley.

For regional geology and a complete property history, see Salal Creek (MINFILE 092JW 005).