The Golden Peak occurrence lies in the Zeballos gold camp on a west-southwest facing slope, east of Spud Creek and approximately 5 kilometres northeast of the community of Zeballos.

The area is underlain by a Lower Jurassic Bonanza Group Island arc sequence of basaltic to rhyolitic volcanic rocks. Conformably underlying the Bonanza rocks are limestones and limy clastics of the Quatsino and Parson Bay formations, and the tholeiitic basalts of the Karmutsen Formation, all belonging to the Upper Triassic Vancouver Group. Dioritic to granodioritic Jurassic plutons of the Zeballos intrusion phase of the Island Intrusions have intruded all older rocks. The Eocene Zeballos stock, a quartz diorite phase of the Catface Intrusions, is spatially related to the area's gold-quartz veins. Bedded rocks are predominantly northwest striking, southwest dipping, and anticlinally folded about a northwest axis.

The Golden Peak occurrence consists of five veins on which adits were driven prior to 1942. The Brown Bomber vein and Green Star skarn occurrences, lying 470 metres southeast and 650 metres southwest of the Number 3 vein respectively, were previously included with the Golden Peak (Geological Survey of Canada Paper 40-12, pages 16,17; Bulletin 27, page 80) but are now described separately (see also 092L 313 and 092L 312).

The two parallel veins of the Golden Peak occur over a distance of 235 metres. The veins strike 032 to 035 degrees, dip 80 to 90 degrees south and consist of lensy discontinuous quartz seams which range to 20 centimetres wide and to 30 metres long in shear zones that, although often void of vein material are persistent over as much as 162 metres (#1,3 veins). Locally, veins can be sheeted over a width of 1.2 metres. Tangential gash veins striking 070 degrees are present in #3 vein.

The veins, hosted in Zeballos (Catface) quartz diorite, contain pyrite, arsenopyrite, galena and sphalerite in a quartz (plus or minus calcite) gangue. The highest of six samples from #3 vein assayed 202.3 grams per tonne gold, 85.7 grams per tonne silver over 2.5 to 5 centimetres (Sample #2, Minister of Mines Annual Report 1938, page F50). A sample from a heavy sulphide section of #1 vein, taken over a length of 30 centimetres and a width of 5 centimetres assayed 493.8 grams per tonne gold, 171.5 grams per tonne silver (Minister of Mines Annual Report 1938, page F50), but much lower values are more common.

Banevolt (Geological Survey of Canada Paper 40-12, page 16) reports that 362 tonnes of ore were mined from 224 metres of underground development by 1940, but no data results are available. Recorded production consists of three tonnes mined in 1934 with 93 grams of gold and 746 grams of silver recovered.