The CM-240 zone is located 1.8 kilometres north of Peak Lake.

The area is underlain by rocks of the Paleozoic Sicker Group comprising deformed breccia, tuff, argillite, greenstone, greenschist, narrow dikes of andesite porphyry, and argillaceous and calcareous sedimentary rocks. There are numerous faults and shear zones in the area suggesting a north-northeast fault through the Peak Lake area. A number of quartz veins and carbonatized zones are present.

The CM-240 zone is characterized by numerous northeast trending quartz and quartz- carbonate veins cutting tuffs, cherty tuffs and cherty argillaceous tuffs. The veins, up to 15 centimetres wide, contain pyrite and sphalerite.

Work History

During 1983 through 1987, Au Resources Ltd. completed programs of prospecting, geochemical sampling, geological mapping, trenching, an induced polarization survey and twelve diamond drill holes, totalling 1511.8 metres, on the Emma claims. A sample from a 3 centimetre vein containing 50 per cent pyrite and trace chalcopyrite assayed 0.5 gram per tonne gold, 17.1 grams per tonne silver and 0.17 per cent copper (Assessment Report 17207).

In 2016, Karmamount Mineral Exploration Inc. completed a program of prospecting and rock sampling on the area.

In 2020, Corcel Explorations Inc. completed an 811.3 line-kilometre airborne magnetic survey on the area as the Peak property.