Pegasus Resources (TSXV: PEGA) is wasting no time getting to work on its newly acquired uranium properties. The firm this morning announced that it has begun the permitting process for work programs that are currently planned to occur across the uranium land packages the firm acquired this fall.
A permit application for work on the properties has reportedly been filed by Pegasus with the Saskatchewan Ministry of Environment for the Pine Channel property. Perhaps more notably, a working relationship is in the process of being established with local First Nations groups in the region, including the Ya’ thi Néné Lands and Resources Office.
The planned work program to be conducted at the Pine Channel property is said to include ground radon and ground gravity surveys. Both surveys are to occur under the first phase of exploration on the property, with a radon survey notably being what lead to the identification of exploration targets for the discovery of the Triple R Zone and others at the Patterson Lake Trend.
Both surveys are slated to be carried out immediately upon receipt of the required permits from the Ministry.
Pegasus Resources last traded at $0.05 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. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.