A tracking system and associated methods for locating animals, such as wounded/downed game animals or non-game animals such as research animals, and/or projectiles configured to be shot at an animal are disclosed. The system includes a transmitter and one or more radio frequency reflectors that are coupled to a projectile. After the projectile is shot, a user utilizes the transmitter to locate the reflector. In some cases, the reflector is integrally coupled to the projectile to allow the user to locate the projectile. In other cases, the reflector is selectively coupled to the projectile so as to be removed from the projectile and attached to the animal when the projectile hits the animal. In such cases, the user may use the transmitter to locate the animal. In still other cases, at least one reflector is integrally coupled to the projectile while another is selectively coupled to the projectile. Accordingly, the user can locate the projectile and the animal.