Pegasus Resources Begins Follow-Up Exploration At Golden, BC Properties

Pegasus Resources (TSXV: PEGA) has begun a work program on its high priority properties. The program is focused on the firms Golden projects, located in British Columbia, that is comprised of a total of three separate copper-gold properties.

Exploration work has begun on the firms Gold Mountain, Punch Bowl, and Vertebrae Ridge properties. Exploration work is being conducted as a follow-up to the program conducted by the company last year, wherein highlights included samples of 6,670 g/t silver and 7.44 g/t gold at Gold Mountain, as well as 35.5% copper and 360 g/t silver in samples collected at Vertebrae Ridge. The strong results at the latter last year also lead the company to nearly double the property in size via staking.

The program slated for this year will focus on follow-up mapping and sampling of the properties, as well as a small drill program. Drilling is to take place via small-diameter backpack drilling as Pegasus works to further prove out its three Golden properties.

“This is an exciting time for Pegasus shareholders. The Pegasus geological team has advanced our Golden Project to the point we now have many high priority areas to focus our mapping, sampling and drilling efforts on.”

Charles Desjardins, CEO

Pegasus Resources last traded at $0.04 on the TSX Venture.


FULL DISCLOSURE: Pegasus Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Pegasus Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

What Happens If Silver Finally Breaks $50? | Gary Thompson – Silver47

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Novo Resources Sees Nullagine Gold Project Produce 8,589 Gold Ounces In July 2021

Novo Resources Corp. (TSX: NVO) reported this morning that its Nullagine Gold project produced 8,589...

Thursday, August 5, 2021, 11:17:00 AM

Lundin Mining Begins Partial Resumption Of Operations At Candelaria

Operations have begun to resume on a partial basis at Lundin Mining’s (TSX: LUN) Candelaria...

Thursday, November 26, 2020, 09:27:58 AM

Exploits Looks To Drill Schooner, Jonathan’s Pond Gold Properties

Exploits Discovery (CSE: NFLD) is looking to begin drilling its properties. The company this morning...

Tuesday, February 2, 2021, 08:38:10 AM

Golden Cariboo Hits 1.46 g/t Gold Over 136 Meters, With Frank Callaghan

In this interview at the Precious Metals Summit 2024, J. Frank Callaghan, President & CEO...
Tuesday, September 17, 2024, 12:10:00 PM

K92 Mining: Scotiabank, PI Financial Raise Price Target Following Kora PEA

Yesterday evening K92 Mining (TSXV: KNT) released a positive preliminary economic assessment on their phase...

Tuesday, July 28, 2020, 04:26:09 PM