Volcanic Creek is about 5 kilometres long and flows west into the Fourth of July Creek, which in turn flows southwest into Atlin Lake. The creek and workings are located about 26 kilometres north-northeast of the community of Atlin.

The creek is almost entirely within the Middle Jurassic Fourth of July Creek Batholith (Three Sisters Plutonic Suite) which is composed primarily of quartz diorites and granodiorites. The eastern margin of the batholith is located at the headwaters of the creek. Here, the batholith is in contact with cherts and argillites of the Mississippian to Triassic Kedahda Formation, which in turn overlies, and is in contact with greenstones of the Upper Mississippian to Permian Nakina Formation; both formations are part of the Cache Creek Complex. In one location, this contact has been overprinted by a young Pleistocene basaltic flow which overlies unconsolidated glacial and fluvial material. This flow is the same as the one which is exposed in Ruby Creek.

Relatively minor prospecting and development work has occurred on Volcanic Creek sporadically from 1901 to 1932. Around 4820 grams of gold was recovered from 1901 to 1920 (Bulletin 28). It has been suggested that there may be a buried channel under the lava flow as is the case in Ruby Creek (104N 028), located 7.4 kilometres south, which has produced a significant amount of gold.

Bulletin 28 lists production as:

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1901-1905      1835 grams of gold
1906-1910        715 grams of gold
1911-1915      1835 grams of gold
1916-1920        435 grams of gold
TOTAL           4820 grams of gold
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Minister of Mines Annual Report 1932 describes work done by an Atlin group that year on the creek. A surface tunnel and a 3-metre pit were worked with the former ending at a basalt face while the latter showed colours during panning of the excavated material.

In 1978, Cominco Ltd. explored the general area of Volcanic Creek and completed geological mapping, regional soil - and rock sampling. Their target was uranium and conducted work on the large Vol claim located at the uppermost end of Volcanic Creek. Cominco returned the following year and drilled two short diamond-drill holes totalling 96.7 metres. Unfortunately, their interest went no further than the uranium and the gold content, if present, was not sampled.

In 1995, following reconnaissance exploration within the area, Coast Explorations Ltd. staked two claims on the lower reaches of Volcanic Creek. This was a response to their thinking concerning a duplication of plateau lava burial here as demonstrated on Ruby Creek. In 1996, Coast Explorations returned to set up camp and complete five preliminary drillholes totalling 50.7 metres in two drill sections. Analysis of the drilled rock material was made on site by gravimetric means.

In 2014, work was undertaken by property owner (claim number 1025956) Adam Purves along Volcanic Creek and adjacent stream waters. Sand and gravel samples were panned from test pits and creek/stream beds located in the claim. Panned black sand concentrates and no visible gold was observed (Assessment Report 35382).