The Bon 24 occurrence is located on a ridge in the southern head waters of Friendly Creek, a tributary of the Bonanza River, north of the Nimpkish River. It is one of several which occur along a 1.2-kilometre long 285-degree trend.

The area is underlain by andesites and basalts with minor inter- bedded limestone lenses of the Upper Triassic Vancouver Group, Karmutsen Formation. Granodiorite of the Upper Jurassic Nimpkish batholith, which is part of the Jurassic Island Plutonic Suite, intrudes the Karmutsen Formation volcanics. Locally, the granodiorite is epidote-altered.

At the occurrence, described as No. 2149 in Minister of Mines Annual Report 1970, a large pod of reddish platy magnetite lies within a shear zone that dips 40 degrees west. The pod is 7.6 metres wide, 3.0 metres thick and is exposed intermittently for 18 metres. A corresponding magnetic anomaly has been traced for 76 metres. Small limonite-bearing cavities are present.

Work History

During 1968 through 1970, Brettland Mines completed programs of prospecting, geological mapping, soil sampling, ground and airborne magnetometer surveys and 13 diamond drill holes, totalling 334.2 metres, on the area as the Bon claims. In 1980, Vanstates Resources completed a program of soil sampling on the area as the Big Mac claims. In 2007 through 2013, Homegold Resources completed programs of rock and soil sampling, air photo geological interpretation and a ground magnetometer survey on the area as the Bonanza River property. In 2018, Hawkeye Gold and Diamond Inc. completed a minor program of prospecting and rock sampling on the area as the Bonanza property.