It occupied the southwestern corner of geographic Strathy Township until it was dewatered in 1967 to provide initial tailings storage for the then developing Sherman Mine.

This shear zone extends some 5 km (3.1 mi) to the northeast where it ends at Net Lake.

[4] One of these gold occurrences, Oslund-Hurst, was located at the northeast end of Vermilion Lake.

It was named after N. Oslund and F. Hurst who staked mining claims there prior to 1941.

[5] The south end of Vermilion Lake was crosscut by banded iron formation of the Vermilion Range, which continued 2 km (1.2 mi) southwestwards to Iron Lake.