The Neepawa property comprises the Neepawa (Lot 1260), Boisevan, Edith, Mervin and Trio claims on the lower southern slope of Enterprise Creek valley, 11 kilometres northeast of Slocan. Access to the property is from the Slocan highway via the Enterprise and Neepawa Creek roads.

The Neepawa claim was located in 1895. The following year the Neepawa group, consisting of the Neepawa, Argenta, Boisevan, and Baker Fr. claims, was acquired by Messrs. Shannon and McGillvary. The property was worked intermittently either by leasers or by the owners until 1913. In 1919 Delia Mines Ltd. of Vancouver acquired the Neepawa group of 5 claims, the Trio, Biosevan, Neepawa, Edith, and Mervin Fraction. The property was worked intermittently until 1928. The name "Neepawa" was changed to "Peg Leg" in about 1923. In 1928 the property was held under option by Glasord Mining Corp. Ltd.

Terley Mining, Milling and Smelting Co. acquired the Neepawa, Mabou and Ohio claims (082FNW149) in 1946. They built a road from the Enterprise road to a camp on the Ohio claim. A crosscut was driven 12 metres toward what is considered to be the extension of the Enterprise vein, which is exposed in an adit some 40 metres higher. The Company did some diamond drilling on the Svanhild claim, which apparently was acquired in 1948. A 96-metre hole drilled in the Neepawa claim in 1949 is reported to have intersected the vein but the results have not been reported.

In 1986, Trac Resources Inc. drilled 6 holes totalling 306.2 metres on the property.

Intermittent production from 1904 to 1925 amounted to 461 tonnes of ore that averaged 4100 grams per tonne silver and about 5 per cent lead. Developments comprised extensive surface and underground work that included more than 400 metres of drifting from four adits levels between 1280 to 1460 metres elevation.

The property is underlain by coarse grained, porphyritic granite and granodiorite of the Nelson batholith, cut by a few small dark coloured dikes. The claims are crossed by two or more shear zones in a belt 0.8 kilometre wide extending through the Neepawa and Enterprise mines and beyond to the northeast and southwest. On the Neepawa, the two shear zones occur on the lower two levels, separated by about 24 metres of massive granite. Each zone averages a few metres in width and consists of crusted rock, impregnated with, and partly replaced by, vein minerals. The zone strikes about 030 degrees and dip southeasterly at about 65 degrees.

The chief vein mineral is quartz that cements crushed rock and forms lenses and veins of irregular dimensions. Some siderite also occurs together with slightly visible impregnations of sulphides, chiefly pyrite and sphalerite and more rarely galena. In No. 4 adit several centimetres of banded sphalerite, galena and gangue minerals are found over lengths of less than a metre. Early operations are reported to have encountered as much as 40 centimetres of solid fine grained galena and sphalerite with from 0.9 to 1.2 metres of ancillary ore grade alongside.