Vancouver, British Columbia, April 7, 2022 (GLOBE NEWSWIRE) — Pegasus Resource Co., Ltd. (TSX-V: PEGA: Frankfurt – OQS2, OTC / Pink Sheet Symbol: SLTFF) (“Company” or “Pegasus”) announces the adoption of Dahrouge Geological Consulting Ltd to manage its recently acquired field exploration work. did. Energy Sand Uranium Project in Emery County, Utah. This geological work will be managed by a Denver-based field exploration team in Dar Rouge, and the first ground project will be launched shortly.
The Energy Sand Project (“Property” or “Project”) is located in Emery County, Utah. The project consists of sandstone-hosted uranium and vanadium mineralization, demonstrating the potential for resource establishment and historic small-scale mining in two isolated areas of the property. It has been.
- 30 unpatented road claims, 600 acres in total
- Located in the San Rafael Uranium district, about 4 km from the San Rafael Uran Project in West Uran.
- Historical small-scale production from 1953 to 1956, total 51.8 tons in 0.373% U grade3O8 And 1.10% V2OFive..
The project’s uranium mineralization is hosted within the saltwash members of the Jurassic Morrison Formation. Mineralization within the Tidwell Mineral Belt in the San Rafael Uranium district is directed towards a series of near-northeast trends. The individual mineralized bodies are lenticular from the table, and the long axis is aligned along the trend.
The Energy Sand Project is in trend, about 4 km from the Rafael Uranium Project in West Uranium. The project hosts 758,050 tonnes of designated mineral resources with an average of 0.225% U.3O8 And 0.30% V2OFive (Including £ 3,404,600 million U3O8 And 4,595,600 million pounds V2OFive); Estimated mineral resources of 453,850 tons average 0.205% U3O8 And 0.28% V2OFive (Including £ 1,859,600 million U3O8 And £ 2,510,600 million V2OFive), With a cutoff grade of 0.06% U3O8 (From the November 19, 2014 Technical Report submitted by West Uranium).
Management notes that past results or discoveries on adjacent assets (ie Rafael uranium) do not necessarily indicate the presence of mineralization on the company’s assets (ie energy sands). ..
A historical report archived by the United States Geological Survey (USGS) outlines the small-scale production of uranium by the United States Mineral Authority, with a grade of 0.373% U totaling 51.8 tons.3O8 And 1.10% V2OFive It occurred between 1953 and 1956 (Byers & Robertson, 1956).
Our QP cannot confirm past production volume and grade.
Pine channel uranium
In addition, the news is that Pegasus is continuing the licensing process for the Pine Channel uranium project in the northern part of the Athabasca Basin, Saskatchewan, with the aim of starting work shortly after receiving the permit.
The technical information contained in this news release is Neil McCallum B.Sc., P.Geo of Dahrouge Geological Consulting, a “qualified person” as defined in NI 43-101. Has been reviewed by.
About Pegasus Resources Inc.
Pegasus Resources Inc. is a diverse Canadian junior mineral exploration company focused on the properties of uranium, gold and base metals in North America. We are also actively pursuing appropriate opportunities with other resources to increase shareholder value. For more information, please visit our www.pegasusresourcesinc.com or contact Charles Desjardins (email@example.com).
On behalf of the board of directors
President and director
Pegasus Resource Co., Ltd.
700 –838 West Hastings Street
Vancouver, British Columbia V6C0A6
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.
Description of future prospects
The statements contained in this announcement include statements regarding our plans, intentions and expectations, which are not historical in nature and are identified as “forward-looking statements”. Forward-looking statements may be identified by expressions such as “expect,” “believe,” “intention,” “estimate,” and “expect.” We may make forward-looking statements, including but not limited to, related to, but not limited to, our future business and business outlook, as actual results may differ materially from those shown in the forward-looking statements. Warn the reader that there may be certain risks and uncertainties.
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Pegasus Resources Adopts Dahrouge Geological Consulting to Manage Exploration of Utah’s Energy Sandouran Project, Canadian Business Journal
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