The Pilot-Good Hope occurrence is located 10 kilometres northeast of Ymir. The workings date to the turn of the century and consist of an adit on Lot 4382 and 13 open cuts and trenches near the adit and on the Baldy #2 claim. The occurrence comprises three veins; the Good Hope, the Pilot and the Swiss Cheese.

The area is underlain by porphyritic and gneissic granodiorite (Nelson batholith) of the Middle to Late Jurassic Nelson Intrusions which host north-northeast trending pendants. The pendants comprise Lower Jurassic Ymir Group sediments striking 10 to 82 degrees southeast. The sediments have been metamorphosed to quartz-biotite schist and biotite schist.

Several parallel, sheared, quartz veins occur within granodiorite. The veins are highly brecciated and locally contain white kaolinite gouge. The veins are highly variable in width along strike and contain quartz in the wider sections. Lamprophyre dykes crosscut the veins and granitic country rock but are post-mineralization.

The Good Hope adit cuts a quartz vein about 0.30 metre wide. The vein is 0.45 metre wide over a length of 16.8 metres and then it thins. The orientation of the vein, northeast striking and 50 to 55 degrees north dipping, is approximately parallel to the abundant fractures noted in the granodiorite. The vein occupies a fault zone along its entire exposed length as evidenced by gouge or crushed granite in the quartz. The best assay results from sampling in 1987 came from a chip sample taken across a zone of oxidized quartz vein material in a trench. This assay was greater than 100 grams per tonne silver, 123 grams per tonne gold, 0.05 per cent lead and 0.12 per cent zinc (Assessment Report 16464).

The Swiss Cheese workings comprise several short adits and trenches. These expose a 0.20 to 0.40 metre wide quartz vein striking 080 degrees. The vein occurs within a 0.50 metre wide gouge zone near the contact with quartz-biotite schist. The vein hosts pyrite and is intensely oxidized. The highest assay from sampling in 1987 was from a dump sample of quartz with abundant free fine gold, pyrite, zinc staining and intense limonitic staining (Assessment Report 16464).

The Pilot vein lies about 100 metres southeast of the Good Hope veins and is parallel to the Good Hope. The greatest exposed width is about 45 centimetres of quartz with 15 centimetres of fault gouge. Best assays were in the order of 128 grams of gold and 102 grams of silver per tonne but metal values are highly erratic and no significant zone of mineralization has been outlined.