The PGM occurrence is located approximately 12 kilometres southeast of Axelgold Peak. The PGM occurrence area is underlain by Pennsylvanian to Jurassic greenstone and greenschist metamorphic rock of the Cache Creek assemblage. A Mid-Cretaceous stock of the Axelgold Intrusions consisting of layered gabbro and minor plugs of gabbro and diabase (gabbroic and dioritic intrusive rocks) intrude the Cache Creek package.

The occurrence is hosted within the Axelgold Intrusion. A 101 Ma potassium-argon age date has been determined for this intrusion (Geological Survey of Canada Open File 342). It is bounded to the west by the northwest trending Pinchi fault and intrudes Pennsylvanian to Jurassic Cache Creek Group metasediments and greenstones. The Vital and Takla thrust faults occur to the west. The local geology is similar to that of the Axelgold occurrence (094D 035).

Ilmenite occurs as disseminations in anorthosite gabbros, up to 30 per cent concentrations, with minor chalcopyrite and pyrite (Assessment Report 15514). Ilmenite-pyroxenite layers, pods and lenses contain ilmenite concentrations between 3 and 50 per cent with associated pyrrhotite and pyrite (Assessment Report 15514).

In 1986, A 20-day reconnaissance geological and geochemical survey of the Axelgold property was carried out by Platinum Exploration Canada Inc (Assessment Report 15514). The property consisted of the PGM 1 to PGM 5 claims which were staked in December, 1985. The property was mapped using 1:20,000 air photographs and a total of 21 bulk stream sediment, 16 panned concentrate and 126 rock samples were taken. Platinum Exploration reported that the 1986 program adequately tested the exposed portion of the intrusion (on the property) for platinum with negative results. They also reported that any further potential would lie in the lower, unexposed portions.

The 1986 field program on the Nero property of Imperial Metals consisted of geological mapping at a scale of 1:10,000, with representative samples of all rock types, and of any sulphide mineralization, being submitted for platinum, palladium, rhodium and gold analysis. In addition, streams draining the property were sampled for heavy minerals and silts, and analysed for the same 4 elements.This program of geological mapping and geochemical sampling on the Nero claims over the Axelgold Intrusion failed to detect significant levels of platinum group elements or gold. The Nero 3,4 and 5 claims were contiguous on the south of Platinum Exploration's PGM claims, with the Nero 1 and 2 adjoining on the north of the PGM group. The Nero 6 was located more that 1 kilometre to the north-northwest of the Nero 1 claim.

Sixty-one silt samples were collected during the 2007 field season on the Huge East property of Amarc Resources Ltd., along streams flowing west into the Omineca River. The southernmost claims covered ground just east of the Axelgold showing (094D 035). Two areas of anomalous copper and/or zinc values from silt samples were reported (Assessment Report 29669). In 2008, Amarc Resources Ltd. conducted geochemical work on their Huge East claims in (Assessment Report 30669). A total of 605 soil samples were collected during two phases of sampling. The southernmost claims of the Huge East property, those east of the Axelgold occurrence, had been dropped by Amarc after 2007).

See Nero 5 (094D 035) for related information.