[3] It is situated in the southern part of Valhalla Provincial Park, 6 km (3.7 mi) south of Devils Couch, and 13 km (8.1 mi) west of Slocan and Slocan Lake.

The name "Valhalla Mountains" first appeared in George Mercer Dawson's Geological Survey of Canada map published in 1890.

Dawson applied names derived from Scandinavian mythology to several of the mountain ranges and peaks in Southern Kootenay.

[4] In keeping with the Valhalla theme, this peak's name was submitted February 1970 by Robert Dean of the Kootenay Mountaineering Club for consideration, and it was officially adopted March 3, 1971, by the Geographical Names Board of Canada.

[2][5] Asgard, according to Norse mythology, is the section of Valhalla where the twelve gods dwell.