The Vertabrae Ridge (Cannon) occurrence is located at an elevation of approximately 2750 metres on a southwest-trending ridge near the peak of Stovepipe Mountain.

Regionally, the area is underlain by northwest-trending limestone, slate, siltstone and argillite of the middle to upper Cambrian Cathedral, Tanglefoot, Elko and Gordon formations, mudstone, siltstone, shale and fine clastic sedimentary rocks of the middle to upper Cambrian Stephen and Mount White formations and quartz arenite sedimentary rocks of the lower Cambrian Mahto Formation (Gog Group).

Locally, a zone of extensive, structurally controlled copper mineralization is reported. The zone has been traced along strike for approximately 1000 metres with average widths of 2 to 5 metres and consists of chalcopyrite-chalcocite-pyrite mineralization hosted within quartz-calcite veins as finely disseminated grains, blebs and stringers. Mineralized veins are hosted within quartzite, limestone and phyllite and are closely associated with the footwall of the reverse fault; minor veining was observed in the hangingwall. Malachite and azurite staining are also present.

In 2021, 17 mineralized outcrop samples yielded an average of 1.44 per cent copper, 12.5 grams per tonne silver and 0.41 per cent gold with maximum values of 3.55 per cent copper, 61.1 grams per tonne silver and 4.22 grams per tonne gold (Assessment Report 40241).

Work History

In 2020, Pegasus Resources Inc. completed a program of geological mapping and rock sampling on the Vertabrae Ridge property. The following year, a further program of geological mapping and rock sampling, a 590.8 line-kilometre airborne magnetic survey and four short backpack drill holes, totalling 37.0 metres, were completed on the property.