The South Seestor showing was first discovered in 1990 on the Axe property, held by Ascot Resources Ltd. As of 1991, the Axe property consisted of some 59 claims totalling 932 units. Work reported done on the Axe claims in 1990 and 1991 (primarily rock, soil and silt sampling) was spread over a number of showings on these extensive holdings.

The area has recently been mapped on a regional scale as Upper Triassic Stuhini Group intruded by dykes, sills and plugs of Early Jurassic age (Open File 1997-3).

A rock sample taken in gossanous mafic volcanics assayed 0.9 per cent copper and 1.6 grams per tonne gold (Assessment Report 21156, page 11). A mass of diorite is shown nearby on property maps.

About 1.5 kilometres to north at the Seestor locality, high grade chalcopyrite mineralization within talus boulders up to 1 metre across was found. The source of these boulders was not located.