The Olympic occurrence is located on the south side of Olympic Creek, an easterly flowing tributary of the Kennedy River. The showing is approximately 1 kilometre west of Highway 4 and 28 kilometres northeast of Ucluelet, B.C.

Karmutsen Formation volcanics of the Upper Triassic Vancouver Group are intruded by the Early to Middle Jurassic Island Intrusions consisting of granodiorite to quartz diorite. The Karmutsen rocks consist of andesitic to basaltic flows, tuffs and volcaniclastics. West-northwest trending fault shear zones of Tertiary age cut the rocks.

Two showings occur along the Julius Creek shear zone. The Olympic showing, a 5- to 40-centimetre-wide quartz vein striking 107 degrees and dipping 75 degrees north, contains pyrite and chalcopyrite. Wallrock alteration of the Karmutsen andesites consists of chlorite, limonite, sericite and silicification. An 8-centimetre chip sample assayed 3.35 grams per tonne gold and 49.37 grams per tonne silver (Assessment Report 15935).

The Baseline showing, located 200 metres east-southeast of the Olympic, is a quartz vein mineralized with pyrite and chalcopyrite. The vein is 10 to 50 centimetres wide and outcrops sporadically for 30 metres.

The Olympic and Titanic veins were originally discovered in 1913. In 1986, K. Gourley staked the Blaster claim and completed a prospecting program and a geochemical silt survey the following year. From 1987 to 1988, Nationwide Gold Mines and Golden Spinnaker Minerals optioned the property and completed programs of trenching, VLF-EM surveys and diamond drilling. In 1988, bulk sampling and fourteen diamond drill holes, totalling 819 metres, were completed on the Elite 1 vein and nearby Rachel vein. In 1991, Kancana Ventures optioned the property. IA lone grab sample, from the Kristen II vein, returned values of 15.7 grams per tonne gold and 18.8 grams per tonne silver (Assessment Report 25493). From 1993 to 1995, the property was returned to and later prospected by K. Gourley. The area has been explored in conjunction with the nearby Blue Bird occurrence (MINFILE 092F 051).

In 2017 a prospecting and soil/rock sampling program was completed over an area of unknown mineralization on the Gold Queen property, approximately 1 kilometre east of the Olympic occurrence, on the east side of Highway 4. The owner, J. Bakus, reports that the rock samples displayed quartz veins up to three centimetres wide and quartz veins with some mineralization. No geochemical analysis was completed for the samples.