Vancouver, Canada – July 12, 2024 (Investorideas.com Newswire) Pegasus Assets Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) (the “Firm” or “Pegasus”) is worked up to enter the third quarter of 2024 with important developments in our exploration initiatives, notably with the latest acquisition of the Jupiter Venture and ongoing actions at our established Vitality Sands mission. As we advance these initiatives, we’re positioned to considerably improve shareholder worth via strategic exploration and improvement.
“We’re coming into an thrilling part of exploration with the latest acquisition of the Jupiter Venture and the work accomplished on the Vitality Sands initiatives,” said Christian Timmins, CEO, “The strategic integration of those initiatives permits us to leverage in depth historic information and trendy geological strategies to maximise our exploration potential. Our devoted staff is concentrated on advancing these initiatives quickly, aiming to boost our understanding of the mineral assets and increase our operational scope. With our upcoming drill program set to begin this summer time, we’re assured in our potential to ship substantial worth to our shareholders and reinforce Pegasus Assets’ place as a pacesetter within the uranium sector.”
This information is paid commercial/ information disseminated on behalf of/issued on behalf of Pegasus Assets Inc.
2024 Overview:
The yr commenced with a profitable floor sampling program at Vitality Sands in Utah in January 2024. The numerous outcomes, introduced on March 25, 2024, indicated a beneficial setting for uranium mineralization. Following this, we added to our geological understanding by buying historic drilling information of the world, which additional outlined the world’s potential. As detailed in our June 04, 2024 information launch, evaluation performed by Dahrouge Geological Consulting USA Ltd. recognized a pattern indicative of paleochannel-hosted mineralization. This important discovery, aligning with structural measurements and the recognized mineralization tendencies, aids in concentrating on potential mineral-hosting paleochannels throughout the property. We’ve initiated the allowing course of and have submitted all crucial paperwork to launch a summer time drilling program.
Including to our portfolio, the latest acquisition of the Jupiter Venture (July 10, 2024), situated 3 km north of Vitality Sands, marks a pivotal growth. Jupiter, boasting over 100 historic drill holes, is an thrilling mission that uniquely positions Pegasus to expedite the event of a uranium useful resource estimate. This strategic proximity to Vitality Sands and Jupiter gives a major alternative for us to make use of the accessible historic drill logs and future firm drilling applications to raised perceive the uranium mineralization within the space whereas seeking to discover the subsequent discovery. The strategic significance of this acquisition is immense, and we’re poised to start work at Jupiter as soon as we’ve got secured the required permits and funding, and accomplished the tendering course of to amass the mandatory tools and crews for a summer time drilling program, with expectations set on quickly advancing our exploration and useful resource improvement goals at Jupiter.
Exploration Replace:
As we progress via 2024, Pegasus Assets is actively advancing our exploration initiatives at each the Jupiter Venture and Vitality Sands, leveraging historic information and up to date geological research to information useful resource improvement.
Jupiter Venture: Our exploration method on the Jupiter Venture is complete, involving the twinning of historic drill holes, detailed logging of outdated drill holes, and the identification of recent drill targets. These efforts are essential not just for increasing the recognized useful resource base but in addition for locating new mineralization zones. We’re growing a strong geological mannequin for the Jupiter Venture that may considerably improve our useful resource improvement plans. Using in depth historic drilling information, our objective is to refine our exploration methods and produce a useful resource estimate that meets the present CIM Definition Requirements on Mineral Assets and Mineral Reserves. The wealth of historic information accessible underscores the appreciable potential for uranium mineralization, laying a robust basis for our ongoing exploration efforts.
Vitality Sands: Following a profitable floor program in January 2024, which concerned an in depth evaluate of historic drill logs, we’ve got moved ahead with securing the mandatory drilling permits for the Vitality Sands mission. As soon as permits are in place, our subsequent steps embody initiating the tendering course of to supply the important tools and expert crews required for a complete summer time drilling program. This upcoming program is designed to construct upon the insights gained from latest mapping performed by Dahrouge Geological Consulting USA Ltd. Our focus might be on concentrating on and additional investigating potential mineral-hosting paleochannels which were recognized throughout the property, aiming to delineate and increase these mineralized zones.
Built-in Exploration Technique: By synchronizing our exploration methods at each Jupiter and Vitality Sands, Pegasus Assets is successfully harnessing synergies between the 2 initiatives. This built-in method not solely streamlines our operational efforts but in addition enhances our potential to rapidly adapt and reply to geological findings as they emerge. The proximity of Jupiter to Vitality Sands presents distinctive alternatives for operational efficiencies and useful resource sharing, guaranteeing that our exploration applications are each cost-effective and strategically aligned.
These mixed efforts at Jupiter and Vitality Sands underscore our dedication to advancing these initiatives towards their full potential, with the purpose of considerably enhancing shareholder worth via the invention and improvement of precious uranium assets. As we proceed to progress with our drilling and exploration applications, Pegasus Assets stays devoted to upholding the best requirements of useful resource estimation and sustainable mining practices.
Pine Channel: Situated on the north facet of the Athabasca Basin, Pine Channel is slated for a gravity survey this summer time. This survey will improve our understanding of the property and refine targets for future drilling operations. The gravity survey will play an important position in our strategic exploration efforts.
The corporate additionally declares an settlement with Fairfax Companions Inc. dated July ninth, which is able to present social media advertising communication assist for a two-month interval for a price of C$75,000 plus items and companies tax, then C$10,000 plus items and repair tax for the next 6 months. The companies embody content material improvement, social media marketing campaign and analytics. The entire time period of the Fairfax settlement is for a interval of 8 months ending March ninth, 2025. Fairfax and its principals are arm’s size to the corporate.
As we proceed to advance our strategic initiatives, Pegasus Assets is uniquely positioned within the uranium sector to capitalize on each established and rising alternatives. Our latest agreements and exploration developments underscore our dedication to main the trade in discovery and useful resource improvement. For extra info and common updates, traders are inspired to go to our web site or contact our investor relations staff.
NI 43-101 Disclosure
The technical content material of this information launch has been reviewed and authorized by Jacob Anderson, CPG, MAusIMM, who’s a Useful resource Geologist for Dahrouge Geological Consulting USA Ltd., and a Certified Particular person beneath Nationwide Instrument 43-101, who has ready and/or reviewed the content material of this press launch.
About Pegasus Assets Inc.
Pegasus Assets Inc. is a diversified Junior Canadian Mineral Exploration Firm with a deal with uranium, gold, and base steel properties in North America. The Firm can be actively pursuing the fitting alternative in different assets to boost shareholder worth. For extra info, please go to the Firm at www.pegasusresourcesinc.com.
On Behalf of the Board of Administrators:
Christian Timmins
President, CEO and Director
Pegasus Assets Inc.
700 – 838 West Hastings Road
Vancouver, BC V6C 0A6
PH: 1-403-597-3410
X: https://twitter.com/pegasusresinc
E: information@pegasusresourcesinc.com
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) settle for accountability for the adequacy or accuracy of this launch.
Ahead Trying Statements
Statements included on this announcement, together with statements regarding the Firm’s plans, intentions, and expectations, which aren’t historic in nature are meant to be, and are hereby recognized as, “forward-looking statements.” Ahead-looking statements could also be recognized by phrases together with “anticipates,” “believes,” “intends,” “estimates,” “expects” and comparable expressions. The Firm cautions readers that forward-looking statements, together with with out limitation these referring to the Firm’s future operations and enterprise prospects, are topic to sure dangers and uncertainties that might trigger precise outcomes to vary materially from these indicated within the forward-looking statements.
SOURCE: Pegasus Assets Inc.
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