Saturday, July 5, 2025

Latest

Pegasus Resources Identifies Multiple Radon Trends At Athabasca Basin Property

The results are finally in for Pegasus Resources (TSXV: PEGA) and their previously announced RadonEx surveys. The surveys took place at the firms Athabasca Basin uranium property in Saskatchewan, referred to as the Pine Channel Uranium Project.

Pegasus cuts to the chase in today’s announcement, stating that in combination with historical geophysical work, the radon surveys have indicated that the property is worth further exploration. The firm now intends to advance the project to the drilling stage.

The surveys themselves meanwhile consisted of two grids, referred to as Grid A and Grid B. The former surveyed an area 3 kilometres by 850 metres in size, while the latter surveyed a region 1.3 kilometres by 750 metres wide. Collectively, 678 sampling points for radon were conducted, which revealed five radon trends in total. Two trends were found on Grid A, while three were found at Grid B.

The two trends at Grid A are believed to reflect basement structural features on the property. Results at Grid B meanwhile are interpreted to potentially be due to basement structures that parallel the Grease River Shear Zone, or be the result of uraniferous boulder trains that parallel dominant ice direction in the region.

“Exciting times for Pegasus investors. The radon survey came back, and we have drill-ready targets. Pegasus, over the coming weeks, will apply for the necessary permits and consult with the group representing the northern communities and First Nations groups, the Ya’ thi Néné Lands and Resources (YNLR) office, leading up to a winter drill program,” commented Chris Timmins, President of the company.

Pegasus Resources last traded at $0.045 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

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Biden Affirms Support For U.S. Nuclear Generation With $1.2 Billion In Additional Funding

U.S. President Biden continues to be a friend to nuclear power generation and, by implication,...

Monday, March 6, 2023, 03:14:00 PM

Cantor Fitzgerald: If Russia Retaliates Against Uranium Ban, Markets Will Go “No-offer”

On Tuesday the U.S. Senate made a significant move by voting unanimously in favor of...

Thursday, May 2, 2024, 10:52:00 AM

Energy Fuels Indicates Nuclear Utilities are Engaging in Talks Regarding Long-Term Uranium Supply Contracts

On April 13, Energy Fuels Inc. (TSX: EFR) announced that during the week of April...

Monday, April 18, 2022, 01:30:00 PM

Kazatomprom’s Uranium Shortfall Sparks Speculation of Russian Takeover on Supply

Kazatomprom, Kazakhstan’s national atomic company and the world’s largest producer of uranium, is facing significant...

Sunday, August 25, 2024, 09:35:00 AM

World’s Largest Nuclear Power Plant Could Soon Restart Operations

The bull case for uranium continues to build, with the largest nuclear power plant in...

Sunday, March 17, 2024, 07:27:00 AM