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RETRANSMISSION: Pegasus Resources Stakes Additional Ground at Energy Sands, Utah
VANCOUVER, BC / ACCESSWIRE / December 1, 2023 / Pegasus Resources Inc. (TSXV:PEGA)(FRA:OQS2)(OTC...
About this update from Pegasus Resources Inc
[{"type":"text","content":"RETRANSMISSION: Pegasus Resources Stakes Additional Ground at Energy Sands, UtahVANCOUVER, BC / ACCESSWIRE / December 1, 2023 / Pegasus Resources Inc. (TSXV:PEGA)(FRA:OQS2)(OTC PINK:SLTFF) (the \"Company\" or \"Pegasus\") is thrilled to announce a significant milestone in its strategic plans to discover uranium. The Company has successfully staked new land in Utah adjacent to its 100% owned Energy Sands property, bolstering its portfolio with the addition of 48 new lode claims. The mining claims were registered directly by Pegasus at the BLM office in Salt Lake, Utah.Key Highlights:Land Expansion: Pegasus has significantly increased the footprint of its Energy Sands property by an impressive 160%.Mapping and Sampling Program: The next phase of development involves initiating a comprehensive mapping and sampling program to delineate potential drill targets.Drilling Permit Application: Following the mapping and sampling phase, Pegasus plans to submit applications for drilling permits, a crucial step in advancing the exploration process.Q2/Q3 Drill Program: These initiatives aim to make the Energy Sands property drill-ready by the second quarter of the upcoming year.This expansion aligns with Pegasus' commitment to strategic exploration and the responsible development of valuable uranium resources. The Company remains dedicated to maintaining transparency and providing stakeholders with updates on the progress of this exciting venture. About Energy Sands Project:The Energy Sands Project, a promising venture under the banner of Pegasus, is strategically positioned within the prolific Tidwell Mineral Belt of the San Rafael Uranium District in east-central Utah. Hosted within the Salt Wash Member of the Jurassic Morrison Formation, this project is characterized by significant uranium mineralization.Geological Characteristics:Uranium mineralization within the Tidwell Mineral Belt follows a distinct orientation, manifesting in a series of roughly northeast trends. Individual mineralized bodies in the area are tabular to lenticular, with their long axes aligned along these trends. This geological feature shapes the potential for resource exploration and development of economical uranium deposits. To confirm the continuity of the Tidwell Mineral Belt on the property a field mapping and sampling program will commence in Q1 2024.Proximity t...