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.
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