The New, Ice and Ver claims, centred on Verret Creek, were soil, stream and rock sampled with subsequent drilling and geophysics in 1987 and 1988. This resulted in the discovery of base metal-silver skarns and gold-quartz veins. Further prospecting and geochemical work in 1989 discovered more quartz vein, shear and skarn mineralization.

Narrow quartz veins proximal to the King vein assayed up to 187.6 grams per tonne gold. These veins contain rare visable gold, pyrite, bismuthinite and stibnite; pyrite-chalcopyrite and quartz-carbonate stringers are also present. Quartz veins in the Rumble Creek area assayed 51.4 grams per tonne gold and 16.5 grams per tonne gold. Float material in the Cripple Creek area returned values as high as 1993.4 grams per tonne silver. The mineralization is mainly within strongly quartz-carbonate-chlorite altered rocks. Follow-up drilling in the King vein area in 1990 failed to intersect economic mineralization.

The claims are underlain by steeply westward dipping sediments, volcanics and carbonates of the Lower Devonian Stikine Assemblage (units DSv and DSc that overlie complexly folded and faulted intermediate volcanic rocks of unit DSfv).