The Ormond 2 occurrence is located on the north eastern end of McNeil Peninsula and eastern side of Matilda Inlet.

The area is underlain by metamorphosed, locally foliated volcanic rocks, volcano-clastics and minor bands of garnetized limestone and chert of the Paleozoic-Mesozoic Westcoast Complex occur near diorite of the Eocene Catface Intrusions.

The Minister of Mines Annual Report 1916 reports 1.0 metre wide lenses containing magnetite and chalcopyrite at irregular intervals along the volcanics-intrusive contact. An assay returned 53.5 per cent iron, nil phosphorus, trace sulphur, and 24.8 per cent silica. The presence of copper was reported but not quantified. (Minister of Mines Annual Report 1916, page 336).

Locally, quartz veins and veinlets outcrop over 35.0 metres in epidote-altered volcanics. Mineralization consists of pyrite, chalcopyrite, sphalerite and galena. Exact mineralogy is not reported.

In 1981, sampling of pyritic quartz veins yielded values up to 132.06 grams per tonne gold and 96.73 grams per tonne silver over 0.1 metres (sample 1758; Assessment Report 10446).

In 1987, a 15 centimetre selected grab sample (Sample #14569) assayed 600 grams per tonne gold, 332.6 grams per tonne silver, 0.02 per cent copper, 6.28 per cent lead, 4.82 per cent zinc, 8.02 per cent arsenic and 0.0165 per cent antimony. A more representative chip sample (also over 15 centimetres) assayed 334.3 grams per tonne gold, 397.4 grams per tonne silver, 5.17 per cent lead and 2.92 per cent zinc (Property File-Parallax Resources, 1987).

In 1988, diamond drilling yielded intercepts of up to 1.17 grams per tonne gold over 6.23 metres from hole 88-8 and 5.83 grams per tonne over 0.14 metres from hole 88-9 (Assessment Report 17428). Drilling, later the same year, yielded up to 2.30 grams per tonne gold over 3.78 metres ; including 7.66 grams per tonne gold over 1.03 metres from hole CA88-9 (Assessment Report 18965).

In 1962, Van-West Minerals completed a induced polarization survey on the area as the Contact and Ormond claims. In 1974, Ross Island Minerals completed a program of geochemical sampling and four diamond drill holes, totalling 155.0 metres. In 1979 and 1981, Clear Mines completed programs of geological mapping, rock and soil sampling and airborne geophysical surveys on the area immediately west. In 1981, Au Resources completed a program of prospecting, trenching and geochemical sampling on the area as the Au claims. In 1987 and 1988, Parallax Development completed programs of geochemical sampling, geological mapping, an induced polarization survey and twenty-eight diamond drill holes, totalling 2538.1 metres on the area as the Contact and Au claims.