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 Road and is identified by a natural spring gossan and vegetation kill zone measuring approximately 300 by 150 m.
The Ocelot faulted sequence of limestones and dolomites that appear to be correlative with rocks that host gold mineralization at the Tiger Deposit. The 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 types of mineralization that most closely match the available data are carbonate replacement deposits or mantos.
Mineralization encountered by drilling consists of replacement-style sulphide dominated by medium to coarse grained pyrite and varying concentrations of low iron sphalerite and medium to coarse grained galena. Sulphide replacement occurs within an extensive dolomite sequence locally exhibiting structural and fluidized breccias.