The Iron anomaly is located approximately 16 kilometres northwest of Peachland. The Iron anomaly was previously included as MINFILE 082ENW060.

Exploration work filed on this showing consists of a ground magnetometer survey carried out in 1967 for Tro-Buttle Explorations Ltd. The survey was able to define an anomaly at the south edge of the claim group.

The anomaly area contains a skarn in limestone of the Triassic-Jurassic Nicola Group, which has been intruded by granodiorite of the Early Jurassic Pennask Batholith. The geophysical discussion of the survey results suggests that the magnetic anomaly may be due to 1 to 4 per cent magnetite in the skarn.