Whipsaw Creek flows northeast for 24 kilometres into the Similkameen River, southwest of Princeton. The lower 2 kilometres of the creek cuts through a narrow steep-sided valley while the remainder flows over a broader, more open valley floor.
The gravels from this creek yielded "fine scales" of gold and platinum (Geological Survey of Canada Annual Report 1887-1888, page 62A). These deposits are now reported to be largely exhausted (Geological Survey of Canada Summary Report 1922, page 118A).
The gravels were worked intermittently between 1887 and 1935. The Similkameen Placer Syndicate held a lease on the creek in 1925. Total gold production is estimated at 3460 grams.