This property is located on the southeast coast of Moresby Island, on the shore just south of the dock at Harriet Harbour. The showing was discovered and explored by Francis Poole in 1863. Jedway Iron Ore Limited acquired the property in 1961 as the Tip No. 1 claim.

An irregular garnetiferous copper-magnetite skarn occurs at the contact of the Vancouver Group, Upper Triassic Karmutsen volcanics and Upper Triassic Sadler Formation limestone. The mineralized body, consisting of magnetite, chalcopyrite, pyrite, garnet, calcite and quartz, is 46 metres long and 15 metres wide and strikes 060 degrees with a 25 to 45 degree north dip.