The Wolf mine is located 400 metres north-northwest from the centre of Alice Arm on Lot 3821. Three small shipments of high-grade ore were made from this property in 1925, 1927 and 1953.
The area is underlain by Middle to Upper Jurassic Hazelton Group sediments. The sediments dip moderately to steeply southwest and northeast as a result of being deformed into closely spaced northwest-trending folds.
The Wolf deposit consists of three quartz veins, up to a metre wide but commonly about 0.3 metre wide, in argillite and argillaceous quartzites. The sediments, striking north and dipping 20 degrees west, are cut by numerous steeply dipping lamprophyre and diorite dikes which trend 030 to 040 degrees. The veins follow the bedding along which shearing and fracturing has taken place, as indicated by gouged or schistose argillite along the margins of the veins and by the incorporation of brecciated argillite fragments in the wider portions of the veins. The Central (main) vein, 0.05 to 0.6 metre wide, strikes 018 to 160 degrees and dips 20 degrees west. This vein has been traced along strike underground for 67 metres and downdip for 21 metres. Two other veins have been traced along surface for at least 30 metres. Mineralization consists of disseminations, lenses and bands of pyrite, chalcopyrite, sphalerite, galena, tetrahedrite, ruby silver (pyrargyrite) and native silver. The lenses and bands are up to 0.36 metre thick in a gangue of white quartz, minor ankerite, calcite and barite. In the Central vein these sulphide bands are usually found along the footwall of the vein.
A total of 45 tonnes of hand-sorted ore was shipped with an average grade of 5.5 grams per tonne gold, 3419.9 grams per tonne silver, 0.24 per cent copper, 1.74 per cent lead and 2.19 per cent zinc.
By 1930, the deposit had been developed by about 140 metres of tunnelling and a 12-metre raise to the surface. In 1953, some open-cutting and drifting were done and a small shipment of sorted ore, assaying high in silver, was shipped to the Trail smelter.
In 2007 the SNL Enterprises Ltd. exploration program on their Inlet property, north of Alice Arm, consisted of gathering 56 silt samples, 2 heavy mineral samples and 31 rock samples. Near the Wolf occurrence a heavy mineral sample contained anomalous gold and silver. The sample location is near the mouth of the east-flowing stream that passes the Utopia and Wolf occurrences at a road crossing (Assessment Report 30177).
In 2017 an airborne magnetometer survey and geological interpretation were completed for Granby Gold Ltd. on their Tidewater property, north of Alice Arm. In the northeast corner of the property, precious metal occurrences (Wolf, Independent, Arberarder) may be associated with a SSW-trending magnetic high and an open fold structure in Salmon River sediments. Localization of mineralization at intersection of SSW and ESE fractures is a possibility. A SSW-trending magnetic high ends or is offset at the position of the stream beside the Wolf occurrence (Assessment Report 36830).
