The RNR (Tracey) occurrence is located on a ridge east of Hemmingsen Creek, approximately 10.5 kilometres north of Fairy Lake.
The area is mapped by Muller (Geological Survey of Canada Open File 821) as primarily diorite of the Mesozoic and/or Paleozoic Westcoast Complex. An east trending band of limestone is also mapped. Volcanics of the Lower Jurassic Bonanza Group occur to the north.
Locally, several outcrops of skarned diorite host massive magnetite with chalcopyrite mineralization. In 2010, samples E687447 through E687449, containing massive magnetite with chalcopyrite, assayed from 23.2 per cent to greater than 50.0 per cent iron (Assessment Report 33022). In 2013, six rock samples (B through G) yielded values of 40.4 to greater than 50 per cent iron and with up to 0.13 per cent copper (Assessment Report 34383).
During 2008 through 2013, Le Baron Prospecting completed programs of prospecting and geochemical sampling on the area as the RNR and Tracey claims.