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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

West Red Lake Gold Provides Exploration Update For Ongoing Program

West Red Lake Gold Mines (CSE: RLG) this morning provided an update to its currently...

Thursday, March 25, 2021, 08:36:18 AM

Pure Gold Mining Completes First Gold Pour At Red Lake Mine

Pure Gold Mining (TSXV: PGM) has officially made the transition from explorer to producer, this...

Wednesday, December 30, 2020, 07:58:19 AM

Flat Gold Project: Tectonic Metals’ Tier One Opportunity

At The Rule Symposium in Boca Raton, Florida, Tony Reda, President and CEO of Tectonic...

Thursday, July 11, 2024, 07:15:00 AM

West Red Lake Gold Announces 2020 Exploration Program

West Red Lake Gold Mines (CSE: RLG) this morning announced its 2020 exploration plans for...

Tuesday, May 19, 2020, 08:38:31 AM

Gold Mountain: Star Royalties Purchase Highlights Value Of Flagship Asset

The trouble with investing in small cap equities is that sometimes, it takes a while...

Wednesday, September 29, 2021, 10:08:00 AM