The Iron Pot showing is located on the bank of a small creek which flows into Scotch Creek from the west. The country rock is described as schist with flat dips to the south. The schist is cut by several dikes.

A number of mineralized quartz veins striking east and dipping south are exposed in the bed of the creek. Mineralization comprises pyrrhotite with some galena and sphalerite. The veins lie within a zone about 122 metres wide. The best showing is at the highest point on the side of the hill on the footwall of the zone. Two short tunnels had been driven at this point on a vein 0.6 metre wide. It has been reported that "some fair gold values have been obtained from the lower seams and that nickel is also found with the pyrrhotite" (Minister of Mines Annual Report 1930, page A189).

Later prospecting (circa 1975) describes a quartzite intruded by basaltic dikes, both dipping steeply to the north-northeast. The dikes contain chalcopyrite mineralization which has spread into the quartzite.

The area has been explored in conjunction with the nearby Scotch (MINFILE 082LNW046) occurrence and a completed regional exploration history can be found there.

The area of the showing is underlain by the Devonian and/or older? Woolford Creek unit and Devonian Skwaam Bay unit, both of the Eagle Bay assemblage.