The Ocelot discovery occurs along the regional structural corridor that hosts the Tiger Deposit gold mineralization. Locally, it is situated in lowlands 1.5 km west of the Wind River Winter Trail and is identified by a natural spring gossan and vegetation kill zone measuring approximately 300 by 150 m.
The Ocelot discovery is hosted in a faulted sequence of limestones and dolomites that appear to be correlative with rocks that host gold mineralization at the Tiger Deposit. Geochemical and geophysical data indicate the potential for a series of high density, possibly massive sulphide bodies that dip shallowly to the north. The combined geophysical/geochemical anomalies are open to extension to the northwest beyond the areas of current ground surveys, which outline a potential one kilometer strike length to the Ocelot discovery. The mineralization that most closely matches the available data suggests it may be a Carbonate Replacement or Manto style deposit.
Mineralization encountered by drilling consists of a replacement-style sulphide zone dominated by medium to coarse grained pyrite and varying concentrations of low iron sphalerite and medium to coarse grained galena. This sulphide replacement zone occurs within an extensive dolomite sequence locally exhibiting structural and fluidized breccia textures.