The Peerless showing is on the northwest flanks of Treasure Mountain in a drainage basin above South Kleanza Creek Valley, approximately 35 kilometres east of Terrace, B.C.

Andesitic volcanics of the Jurassic Hazelton Group are cut by intrusive dykes and northeast trending shear zones. A shear zone, dipping 75 degrees west and up to 2 metres wide, contains quartz- calcite veinlets mineralized with lenses of chalcocite, bornite, magnetite, and chalcopyrite. A 1.2 metre sample assayed 11.93 per cent copper, 157.7 grams per tonne silver, and 1.4 grams per tonne gold (Geological Survey of Canada, Summary Report 1925A).

The Peerless showing is within the Treasure Mountain property explored extensively by Trade Winds Ventures Inc. from 2005 to 2011 and by Decade Resources Ltd. commencing in 2017.