The Penny Man property was located roughly 17 kilometres southeast of the Sullivan lead-zinc mine at Kimberley BC.

The Penny Man I showing area is underlain mainly by siltstone of the Middle Proterozoic Creston Formation (Purcell Supergroup) bisected by the northeast trending Palmer Bar fault. Several areas of stratabound and fracture-controlled copper mineralization were encountered along with quartz brecciation, bleaching and iron oxide fracturing. Several samples across the property were collected from veining with limonite and or base metals and chip sampling was completed locally.

In 2017, Kootenay Silver recorded chalcopyrite mineralization in an outcrop of coarse-grained quartzite; 80 metres west of the quartzite showing, green siltstone with disseminated chalcopyrite was mapped (Figure 4, Assessment Report 37642). A third copper showing was mapped (Figure 4) about 350 metres northwest of the quartzite showing and was described as chalcopyrite and malachite hosted in green siltstone. No samples were collected for assay from the 3 showings and no further mineralization features were described.

In 2017, several days were spent prospecting by Kootenay Silver Inc across their Penny Man property. Several small pits were encountered on the property with no record existing of this work. Assessment Reports: 18885, 22073, 22884, 25008 reference the area with soil sampling and a limited ground magnetic survey performed on a portion of the existing claim block (in 2017).