The Wet showing is located 1 kilometre north of the western end of Gavin Lake and approximately 19 kilometres southwest of Likely.
Regionally, the area is within the central Quesnel Belt, near the western contact of Upper Triassic basalt and underlying sedimentary rocks. This assemblage forms part of the Triassic to Jurassic Nicola Group of south central British Columbia.
Locally, the sedimentary rocks and intercalated basaltic breccia have been intruded by a number of pyritic, clay-altered, porphyritic, quartz monzonite dikes of the Middle Jurassic Ste. Marie Plutonic Suite (Gavin stock) along an east-west oriented zone over a distance of approximately 3 kilometres. The quartz monzonite is later reported as peraluminous granite, as indicated from whole rock analysis (Assessment Report 31797).
Adjacent to intrusive contacts, the sedimentary rocks have been variably hornfelsed and metasomatized (mainly chlorite-pyrite). Quartz and quartz-potassium feldspar veins cutting both sediments and dikes locally contain chalcopyrite and molybdenite mineralization. Very minor galena, sphalerite, bornite, gold and silver occur in some veins, while disseminated pyrite with minor chalcopyrite occurs within some of the dikes.
In 1970, samples from test pits assayed up to 0.02 per cent molybdenite and 0.05 per cent copper (Assessment Report 2733).
During 1968 through 1970, Amax Explorations completed programs of rock, silt and soil sampling, test pitting, geological mapping and an 82.9 line-kilometre ground magnetometer survey the area as the Gavin and Wet claims. In 1979, St. Elias Exploration completed a program of soil sampling and 6.7 line-kilometres of combined induced polarization and resistivity surveys on the area. Also, in the early to mid- 1970's, an area east of Gavin Lake was explored and tested for placer gold potential. In 1984, Brican Resources completed a program of rock and soil sampling and geological mapping. During 2010 through 2015, Eagle Peak Resources completed programs of soil and rock sampling, geological mapping and nine diamond drill holes, totalling 980.6 metres, on the area as the Miracle property.