The Copper Mound occurrence is located near the head waters of Wolverine Creek, at an elevation of approximately 1692 metres and approximately 1 kilometre west of Tenquille Lake.

The area is underlain by a series of faulted volcanic and sedimentary rocks of the Upper Triassic Pioneer Formation (Cadwallader Group). The strata are intruded by rocks related to the Jurassic to Tertiary Coast Plutonic Complex, including several quartz porphyry sills and dikes, and surrounded by quartz porphyry and more mafic Coast Plutonic Complex intrusives. The volcanics are andesitic tuffs, breccias and agglomerates. The sediments and particularly the limestone beds are fossiliferous. A thick limestone bed strikes northeast and dips shallowly north in close association with a volcanic unit.

Locally, the limestone contains massive pyrrhotite, magnetite and sphalerite with a little chalcopyrite. Several smaller occurrences of galena, arsenopyrite, pyrite and chalcopyrite are seen replacing the limestone. Low values in gold, silver and platinum are reported near a volcanic "dike".

In 1952, sampling of the main zone yielded an average of 6.8 grams per tonne silver and 0.5 per cent copper over 6 metres, while another zone, exposed 60 metres south and hosting disseminated sphalerite, yielded 1.6 per cent zinc over 1.95 metres (Property File - A.C. Skerl [1952-09-01]: Report on the Properties of National Consolidated Base Metals Company - Near Maud Lake)

In 1988, a sample assayed 0.42 gram per tonne gold, 98.5 grams per tonne silver, 0.01 per cent lead and 32.8 per cent iron and non-anomalous values in copper and zinc (Open File 1989-26). Another sample, taken at the same time, assayed 0.012 gram per tonne gold, 14.5 grams per tonne silver, 0.48 per cent copper and 0.13 per cent lead.

Previous sampling of four mineralized zones by J.P. Branch yielded from 3.8 to 6.2 grams per tonne gold, 222 to 318 grams per tonne silver and 1.2 to 3.1 grams per tonne platinum (Property File - J.P. Branch [unknown]: Report on Reconnaissance Trip to Tenquille Lake Area).

The area has been explored since the early 1900’s. In 1952, National Consolidated Base Metals Company examined the area. In 1987, Ajax Resources completed a program of rock and soil sampling, geological mapping and ground geophysical surveys on the area. In 1989 and 1990, New Camp Resources completed programs of rock, silt and soil sampling and ground geophysical surveys on the area as the Zul property.