The Running Wolf occurrence is located on French Creek, a tributary of Perry Creek.
Regionally, the area is central to the Purcell Anticlinorium, a broad, generally north-plunging structure in southeastern British Columbia. that is cored by Middle Proterozoic Purcell Supergroup rocks and flanked by Late Proterozoic Windermere Group or Paleozoic sedimentary rock. The Purcell Supergroup comprises an early synrift succession, the Aldridge Formation, and an overlying, generally shallow water post-rift or rift fill sequence that includes the Creston and Kitchener Formations and younger Purcell rocks.
Locally, a number of quartz veins are hosted by highly altered and sheared argillaceous quartzites of the Helikian Creston Formation, Purcell Supergroup. The veins are composed of massive quartzite with pyrite and free gold. The veins are up to 9 metres thick and laterally very persistent. The free gold is reported to occur with in a talc schist in quartz and in a porphyry dike.
The workings consist of five adits, at least three of which are now caved. The main adit exposes three veins, each about 10 metres wide. Two of these veins occupy fissures striking in the same direction as the fault zone on the Rome and Valley group (MINFILE 082FNE058) and approximately in line with it. The third vein is in a cross fracture. Down hill, approximately 70 metres, another adit has been driven along a vein that parallels the main veins above.
In 1985, DDH 8 intersected the No.1 vein in a sheared quartzite and assayed 2.0 grams per tonne gold over 2.0 metres. Surface grab samples of the vein assayed up to 35.0 grams per tonne gold (Assessment Report 14850).
In 1967, Fort Steele Mines completed a ground electromagnetic survey on the area as the Jac and Jill claims. In 1980, a soil sampling program was completed on the area as the Gar claims. In 1985, Amstar Venture Corporation completed an eight hole diamond drilling program on the area as the Perry claims. During 2004 through 2009, Ruby Red Resources completed programs of geological mapping, geochemical sampling and ground electromagnetic surveys on the area as the Zeus claims, Purcell Block property. In 2012, SG Spirit Gold completed a program pf geological mapping and rock sampling.