Business
Pegasus Expands Land Position at Vertebrae Ridge
(TheNewswire) February 4 th , 2021 – TheNewswi...
About this update from Pegasus Resources Inc
[{"type":"text","content":"Pegasus Expands Land Position at Vertebrae Ridge\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n February 4\n \n \n th\n \n \n , 2021 –\n \n \n TheNewswire -\n \n \n Pegasus Resources Inc.\n \n \n (TSXV:PEGA\n \n \n )\n \n \n ;\n \n \n (\n \n \n Frankfurt–OQS2\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:SLTFF)\n(the “Company” or “Pegasus”) is pleased to provide an update\nof Company activities on various projects, including recently received\nresults from field work at the Gold Mountain and Vertebrae Ridge\nproperties, (part of the Golden Project), the sale of some of the\nCompany’s Confederation Lake properties to Trillium Gold Mines Inc.,\nand the option of certain properties to Infinite Ore Corp.\n \n \n \n \n Based on encouraging early stage surface sample results\nfrom two parallel trends of copper-silver mineralization at Vertebrae\nRidge, the Company recently staked additional mineral tenures both\nnorth and south of the original property to cover potential extensions\nto the known mineralization. With the addition of these two new\nmineral tenures, the Company has increased its land holdings from\n \n \n 2,871 ha to 5,324 ha\n \n \n (7,091.95 acres to 13,155.70 acres). The Company\nis currently planning for a late Spring 2021 work program.\n \n \n \n \n VERTEBRAE RIDGE\n \n \n \n \n The Vertebrae Ridge property is comprised of four\nclaims totaling 5,323.9 ha (13,155.7 acres) approximately 81 km\nnorthwesterly from Golden, British Columbia. A prospecting program\nduring fall 2020 resulted in the discovery and identification of\nsignificant polymetallic mineralization at multiple locations,\nincluding:\n \n \n \n \n Zone 1\n \n \n \n \n \n \n - 18 rock samples collected over a 1,400+ metre strike\nwith sample assays of\n \n \n 4.13%\nCu,\n \n \n 28.6% Pb, 4.74% Zn, and\n \n \n 360 g/t Ag;\n \n \n \n \n - Exhibits anomalous concentrations of As, Hg and Sb,\nin addition to Cu, Pb, Zn and Ag;\n \n \n \n \n \n \n Zone 2 North\n \n \n \n \n \n \n - 13 rock samples collected over a 650+ metre strike\nreturned an arithmetic average of 2.5% Cu and 4.5 g/t Ag, with peak\nvalues of\n \n \n 10.7% Cu and 29.1\ng/t Ag;\n \n \n and\n \n \n \n \n \n \n Vein 160 Showing\n \n \n \n \n \n \n - 7 rock samples collected over an approximate 250\nmetre strike returned an...