This occurrence lies at the eastern edge of the Manson Uplands within the Cassiar Terrane, 40 kilometres west of the town of Mackenzie. A block of the Wolverine Complex, highly metamorphosed siliciclastic sediments extensively intruded by granodioritic bodies and associated pegmatites of probable Cretaceous age, lies between the Paleozoic Harper Ranch subterrane to the west and the Paleozoic Slide Mountain Terrane to the east. Wolverine metasediments are probably equivalents of the Upper Proterozoic Ingenika Group but the metamorphic grade is so high that original lithologic determinations are not possible.

The Fortune's Eye occurrence is poorly documented with only one "molybdenite-rich" rock collected from "one of several molybdenite occurrences" reported along the north trending Barren Ridge. No work is known to have been performed on the occurrence.