The unit belonging to the Eureka Sound Group which crops out at Ellesmere Island preserves fossils dating back to the Early Eocene period, or Wasatchian in the NALMA classification.

The deltaic to swamp environment of the Margaret Formation has provided a diverse fauna of various groups of mammals, birds (Presbyornis and Gastornis), reptiles (turtles, snakes, lizards and crocodiles) and fish.

[4] During the Early Eocene, the climate of much of northern North America was warm and wet, with mean annual temperatures (MAT) as high as 20 °C (68 °F), mean annual precipitation (MAP) of 100 to 150 centimetres (39 to 59 in), mild frost-free winters (coldest month mean temperature >5 °C (41 °F)), and climatic conditions that supported extensive temperate forest ecosystems.

Multiple palaeoclimate proxies, ranging from oxygen isotope analysis of vertebrate bones and teeth to palaeofloral analyses, estimate a mild temperate climate for the Eocene High Arctic, where winters remained at or just above freezing and summer temperatures extended to 20 °C (68 °F) or higher.

[8] Despite the mild Eocene Arctic climate, the vertebrate fauna would have experienced months of total darkness and cooler temperatures during the winter.