The PYM 2 (Dike) occurrence is located southeast of Kennedy Lake, approximately 2.2 kilometres west-southwest of Mount Dawley and 10.5 kilometres northeast of Ucluelet, B.C.
An assemblage of dioritic to quartz dioritic rocks of the Paleozoic and/or Mesozoic West Coast Complex comprise the oldest rocks in the area. Volcanic and sedimentary rocks of the Upper Triassic Vancouver Group and volcanic rocks of the Lower Jurassic Bonanza Group also occur in the area. The youngest rocks are Tertiary volcanics and coeval quartz diorite to quartz monzonite of the Early to Middle Eocene Tofino Intrusive Suite (previously Catface Intrusions, Personal Communication - N. Massey, May 1990). Quartz diorite and granodiorite of the Early to Middle Jurassic Island Intrusions have also disrupted area strata.
A major fault/shear zone, called the "Switch Back Shear Zone" (Assessment Report 15570), occurs on the north side of Salmonberry Mountain. The shear zone cuts a quartz diorite phase of the Tertiary intrusions and is 25 metres wide where exposed. The zone has two general attitudes a 160-degree strike with 70 degree east dip and a 010-degree strike with 70 east degree dip. The zone is characterized by intense brecciation and shearing with associated clay gouge. Fracture surfaces exhibit clay and limonitic alteration.
During 1986 through 1988, Geo. P.C. Services Inc. completed a program of prospecting, geological mapping, geochemical sampling and three diamond drill holes, totalling 316.6 metres, on the area as the PYM 2 claim, Dom Group. The intrusive hosted up to 2 per cent pyrite and small mafic, dacite and quartz feldspar porphyry dikes near major shears. An alteration suite of chlorite, clay and sericite plus or minus quartz was observed. The best value obtained from drill core samples was 1.1 grams per tonne gold over 0.9 metres (Assessment Report 17402).
During 1995 through 2009, Consolidated Logan Mines Limited and later Logan Resources Limited, completed programs of prospecting, geological mapping, geochemical sampling and an induced polarization survey on the Lucky and Redford properties.
In 2011, Logan Resources Ltd. and joint venture partner Ridgemont Iron Ore Corp. conducted ground geophysics (including Pym 2) and drilling over the Redford property. The 2011 Ridgemont diamond drill program, east of Draw Creek and the Brynnor Pit, consisted of 61 holes totalling 10, 234.58 metres utilizing 29 drill pads. The program coverage was categorized into three zones: the Main, East and North zones. The drill results from the East zone confirmed that magnetite mineralization was similar in strike and dip to that found in the Main zone.