The Teddy Bear occurrence is located on the northwest side of a generally north-south trending ridge, approximately 10 kilometres east of Tahltan Lake.

The area is underlain by marine sedimentary and volcanic rocks of the Upper Triassic Stuhini Group which has been intruded by a pluton of Triassic to Jurassic diorite to granodiorite.

Locally, a northwest trending breccia zone, up to 1 metre wide, hosts chalcopyrite, chalcocite(?) and malachite over a strike length of at least 5 metres in a granodiorite host. The breccia comprises granodiorite, volcanic siltstone and andesite clasts up to 1 metre in diameter within a dark green to grey, fine grained, strongly magnetic matrix.

In 2018, a sample of outcrop assayed 0.519 gram per tonne gold, 5.4 grams per tonne silver and 0.35 per cent copper (Pautler, J. (2019-05-31): Technical Report on the GK Project).

The area has been explored in conjunction with the nearby Winter Creek (MINFILE 104G 003) occurrence and a completed regional exploration history can be found there. The occurrence was discovered in 2013.