The FM 1 showing is situated on the northeast flank of Fire Mountain at 1905 metres elevation, 21.5 kilometres northwest of the northwest end of Harrison Lake.

The Money Spinner (092GNE002) is the most important of a cluster of copper-gold quartz vein mineral occurrences on the southwestern flank of Fire Mountain. In the 1970s and 1980s, the area was explored for its base metal potential. In 1983, a number of very low frequency electromagnetic and high magnetic anomalies were outlined over Fire Mountain. Kidd Creek Mines also outlined a number of stream sediment anomalies. In 1987, Plaskey Development Enterprises conducted a prospecting program over part of the property and discovered a strongly pyrite-clay-silica-altered gossanous zone. In 1990, Burmin Resources entered into a joint venture with Plaskey Development Enterprises. Geological mapping and geochemical sampling were conducted. In 1991, a follow-up program was carried out.

Regionally, the FM 1 showing is hosted in a belt of volcanic and sedimentary rocks of the Lower Cretaceous Fire Lake Group, which extends northwest from Harrison Lake for 40 kilometres. The Fire Lake Group is an island arc sequence preserved in a roof pendant, which occurs mostly west of the Lillooet River near the eastern margin of the Jurassic to Cretaceous Coast Plutonic Complex. The assemblage has been subjected to thrust faulting, large amplitude folding and regional metamorphism up to greenschist facies. Immediately to the east of the FM 1 occurrence in the Lillooet Valley, the Harrison Lake shear zone and related structures are interpreted as important mineral controlling structure.

The Peninsula and Brokenback Hill formations of the Fire Lake Group are recognized at the FM 1 showing. The Peninsula Formation consists of a lower conglomerate and upper interbedded arkose and pyritic slate. The overlying Brokenback Hill Formation consists of four lithological units. The lowest unit is composed of interbedded feldspar crystal tuff with slate or phyllite. This unit is overlain by andesitic to intermediate volcanic rocks, which are in turn overlain by coarse grained volcaniclastic sandstone. Pyroclastic rocks dominated by lapilli tuffs comprise the remaining unit. These rocks have been affected by three phases of deformation.

In 1990, several samples taken on the northwest flank of Fire Mountain and the north-central part of the FM 1 claim yielded anomalous precious and base metal values. In outcrop, these samples are quartz veins and stockworks containing pyrite and chalcopyrite. Strong limonite staining and chlorite alteration are present. The veins and stockwork are faulted or shear related. Sample FDR-139 yielded 2.55 grams per tonne gold, 34.2 grams per tonne silver and 1.10 per cent copper (Assessment Report 21036). Sample FDR-125, taken 600 metres to the east-southeast, yielded 1.71 grams per tonne gold, 40.0 grams per tonne silver and 1.88 per cent copper. Sample FDR-126, taken 350 metres to the northeast, yielded 1.31 grams per tonne gold, 65.0 grams per tonne silver and 1.86 per cent copper. Several other samples in the vicinity yielded anomalous gold and silver values.