The Hope Group, consisting of the Hope and Hope Fraction, is situated one kilometre east of the southeast end of Huston Inlet on the southeast coast of Moresby Island. The showings are found between 76 and 91 metres above sea level.

The group was staked around 1910 by Hugh McEachern who held it until the late 1920's. Work on the property consisted of a short adit, open-cuts and some stripping. In 1929, the group was owned by A.J. Wild and partners.

Silver Standard Mines Limited drilled a 81-metre packsack hole in February 1960, which intersected 61 metres of magnetite with 2 metres containing 0.85 per cent copper.

The Granby Mining Company Limited held the property in the 1960's as part of a large group of located claims.

The property has an estimated potential of 9,072-18,144 tonnes (BCI 103 B-C - 54).

A skarn body occurs within a diorite stock of the Burnaby Island Plutonic Suite near its contact with Vancouver Group, Upper Triassic Karmutsen Formation volcanics. The massive magnetite skarn contains chalcopyrite, pyrite, pyrrhotite, ilmenite and garnet. It strikes northeast for about 25 metres with a width up to 6 metres. A 3-metre sample assayed 2.7 per cent copper with traces of gold and silver (Minister of Mines, Annual Report 1918, pages 39-40). A second showing occurs several metres to the south along strike. This mineralized skarn is smaller and hosts low copper values.