The Silver Tip-Gold Reef occurrence is located 2 kilometres east of Homestake Creek, 31.5 kilometres north-northwest of Alice Arm.

A silicified zone, explored by tunnelling in 1927, occurs in Lower Jurassic Hazelton Group volcanic breccia. The zone, striking southeast and dipping 65 degrees southwest, contains sparse pyrite, sphalerite and galena. A chip sample of unknown length across the best mineralization assayed trace gold, 123 grams per tonne silver, 0.5 per cent copper and 4.5 per cent zinc (Minister of Mines Annual Report 1934, page B15).