The Ferry No. 2 veins are within and east of Lot 3668, located 4 kilometres northeast of Rosebery on the east side of Wilson Creek, east of Slocan Lake.

Vertical galena-sphalerite quartz veins are exposed in adits on and east of Lot 3668. The veins crosscut quartzites (figure 3, Assessment Report 7514) of the Triassic Slocan Group which is composed of quartzites, argillites and limestones. Slocan Group sedimentary rocks are intruded by quartz monzonite of the Rosebery stock of unknown age (GSC Open File 432). There is no additional published information on the occurrence.

The earliest recorded work on the property was the registration of Crown grant Lot 3668 (Ferry No. 2) in 1900 (Minister of Mines Annual Report 1900). Prospecting work is mentioned in 1935 (GSC Memoir 184) and "development work" by "hand steel" in 1942 (Minister of Mines Annual Report 1942). In 1970, the ground was staked by Peter Leontowicz and optioned to United Bata Resources Limited (later Pan Ocean Oil Limited), who in 1970 (Assessment Report 2944) undertook reconnaissance soil sampling (875 samples analysed for molybdenum and copper). In 1979, Amax Potash Limited optioned the property and undertook a program of geological mapping and collected 369 soil and stream sediment samples which were analysed for 11 elements including lead, zinc and silver (Assessment Report 7514).