The Ray showing is located on the north side of Highway 3, 1.25 kilometres southeast of the Anarchist Chrome prospect (082ESW024) and 3.6 kilometres southwest of Bridesville.

Hostrocks underlying the deposit are amphibolites, schists, cherts and metavolcanic rocks of the Carboniferous to Permian Anarchist Group. They have a general strike of 290 to 310 degrees and dip steeply, but many local variations are present. These rocks are intensely folded with vertical to west verging axial planes. The general trend of the fold axes and layering is 350 degrees. Chevron folding has been identified in greenstones north of the chromitite showings (Sutherland-Brown, A., 1957; Whittaker, P., 1983).

Anomalous copper and nickel values were reported from serpentinized gabbro. The only known mineralization was pyrite, pyrrhotite and chalcopyrite.

Because of its proximity to the Anarchist Chrome occurrence, the early development and exploration history is given here. In the early 1950s, two chromium occurrences were located and explored in the Bridesville area; the Anarchist Chrome and the Chrome Bell properties. The chromite showings were originally staked in 1956 by the Anarchist Chrome Company Ltd. A total of 74 claims were staked on the south side of a 1518 metre peak, 2.5 kilometres west-southwest of Bridesville. Initial work, between 1956 and 1958, consisted of some stripping, ground magnetometer surveying and diamond drilling but the results were not published. A few hundred tonnes of ore were sorted for shipment. The AA anomaly was estimated to contain reserves of 99,790 tonnes (Western Canada Mining News, Sept. 1957). The claims were allowed to lapse and the ground was restaked by Pacific Chrome Alloys Ltd. in 1961, at which time more magnetometer surveys and diamond drilling were done. Again the claims were allowed to lapse. Later the area was covered by claims staked in association with exploration of the Old Nick (082ESW055) nickel prospect, but no work was done on the chromite showings.

In 1968, exploration at the Ray occurrence consisted of a geochemical soil survey for copper and nickel and a electromagnetic and magnetometer geophysical survey.

During 2008 through 2012, Grizzly Discoveries Inc. completed programs of geochemical (rock, stream sediment and soil) sampling, geological mapping and airborne and ground geophysical surveys on the Dayton-Sidley area of the Greenwood Property.