The Silver Lake occurrence is located 300 metres south of the tiny Silver Lake, approximately 2 kilometres north of the Lakeview skarn prospect (MINFILE 092P 010) and approximately 22 kilometres west of Little Fort.

The property lies within the Quesnel terrane and covers Upper Triassic Nicola Group volcanic and sedimentary with numerous intrusions. The area is strongly faulted with a general northwest strike. Intrusive rocks are granitic to mafic in lithology.

Skarn mineralization in the Deer Lake area occurs where Upper Triassic limestone of the Nicola Group is cut by gabbro and diorite of the Triassic-Jurassic Dum Lake Intrusive Complex. At the Silver Lake occurrence, massive magnetite and pyrrhotite occur in a skarn zone in Upper Triassic Nicola Group volcanic-sedimentary rocks. Disseminated pyrite, chalcopyrite and sphalerite occur in the skarn and along fault zones and fracture planes.

The occurrence and the surrounding Silver claim group was held by United Copper Corporation in the 1960s and 1970s. Working on behalf of United Copper, Alrae Exploration Ltd. conducted geochemical soil sampling and magnetometer surveys on the Silver Group in 1967 and 1968. The property was located in 1970 by Vic Preto of the BC Geological Survey Branch and appears on the map accompanying his article on the area (Geology, Exploration and Mining in British Columbia, 1970). James Dodge conducted a reconnaissance geological mapping program on the claims in 1972 and 1973 for United Copper Corporation. The occurrence has been covered by various large claim blocks, including the Ta Hoola property in the 1980s and the PGR Group in the 1990s. Workers on those properties have reported being unable to locate the occurrence. The BC Geological Survey conducted a regional till geochemistry program over NTS map sheets 092P09W and 092P08W in 1999 (Open File 2000-17). Currently, the occurrence lies within the Deer Lake property, owned by Electrum Resource Corporation.