The MS Peg occurrence is located on a southeast facing slope, west of Matthew Creek, at an elevation of approximately 1200 metres.

The area is underlain by argillites and quartzites of the middle Proterozoic Aldridge Formation (Purcell Supergroup). These have been intruded by gabbro sills and dikes of the middle Proterozoic Moyie Intrusions.

Locally, visible gold mineralization is hosted by quartz veins in a north west- trending shear breccia zone over widths of 1.5 to 2.5 metres. The mineralization is associated with limonite and tourmaline near a pegmatite dike. In 2010, two rock samples (CK09-140 and 141) assayed 5.64 and 21.98 grams per tonne gold (Assessment Report 31614).

Another zone of mineralization, located approximately 600 metres to the northeast, consists of a metabasite(?) with narrow quartz veins and boudins hosting chalcopyrite, malachite and limonite. In 2010, three rock samples (CK09-153 to 155) assayed from 0.134 to 0.434 per cent copper and 1.1 to 3.5 grams per tonne silver (Assessment Report 31614). In 2014, a rock sample (CK14-213) assayed 0.111 per cent copper (Assessment Report 34960).

In 2009 and 2010, Kootenay Gold prospected the area as the MS Peg property and collected rock samples. In 2014, the area was prospected by C. Kennedy, who collected rock samples.