The TP showing is located beside the south branch of Teepee Creek approximately 6.5 kilometres northeast of Lightning Peak.

The TP showing is hosted by an unnamed Middle Jurassic, quartz monzonite intrusion. Mineralization consists of molybdenite, associated with pyrite, which occur as fine disseminations and fracture fillings in a quartz-sericite altered pink quartz monzonite.

The TP was staked in 1977 by Exploram Minerals Ltd. who carried out a program of geological mapping, a soil geochemical survey, 23 line kilometres of induced polarization, 28 line kilometres of magnetometer survey and 5 diamond-drill holes totalling 395 metres. This work was focused on the TP 1 and TP 6 claims. The geophysical program, carried out by Glen White, identified chargability and magnetic anomalies. The results of the drilling are unknown, but given that the core was not sampled and that the claims were subsequently dropped, the results must have been discouraging.

In 1979, Noranda Exploration Company Limited staked the area as the Teepee 1 & 2 claims and carried out a soil sampling program. The Noranda grid covers some of the area surveyed by Exploram Minerals in 1977. A total of 217 soil samples were collected and analysed for copper, molybdenum, lead and zinc. Anomalous values for each element were obtained from the central part of the grid.