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 vital 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 by strategic exploration and growth.
“We’re getting into an thrilling part of exploration with the latest acquisition of the Jupiter Venture and the work accomplished on the Vitality Sands initiatives,” acknowledged Christian Timmins, CEO, “The strategic integration of those initiatives permits us to leverage intensive historic information and fashionable geological strategies to maximise our exploration potential. Our devoted staff is targeted 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 start this summer season, we’re assured in our skill to ship substantial worth to our shareholders and reinforce Pegasus Assets’ place as a frontrunner 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 surroundings 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 carried out by Dahrouge Geological Consulting USA Ltd. recognized a pattern indicative of paleochannel-hosted mineralization. This vital discovery, aligning with structural measurements and the recognized mineralization developments, aids in focusing on potential mineral-hosting paleochannels throughout the property. We have now initiated the allowing course of and have submitted all crucial paperwork to launch a summer season 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 enlargement. 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 supplies 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 trying 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 have now secured the required permits and funding, and accomplished the tendering course of to amass the required tools and crews for a summer season drilling program, with expectations set on quickly advancing our exploration and useful resource growth targets at Jupiter.
Exploration Replace:
As we progress by 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 growth.
Jupiter Venture: Our exploration strategy 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 additionally for locating new mineralization zones. We’re growing a strong geological mannequin for the Jupiter Venture that may considerably improve our useful resource growth plans. Using intensive historic drilling information, our purpose 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 powerful basis for our ongoing exploration efforts.
Vitality Sands: Following a profitable floor program in January 2024, which concerned an in depth evaluation of historic drill logs, we have now moved ahead with securing the required drilling permits for the Vitality Sands mission. As soon as permits are in place, our subsequent steps embrace initiating the tendering course of to supply the important tools and expert crews required for a complete summer season drilling program. This upcoming program is designed to construct upon the insights gained from latest mapping carried out by Dahrouge Geological Consulting USA Ltd. Our focus shall be on focusing on and additional investigating potential mineral-hosting paleochannels which have been 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 strategy not solely streamlines our operational efforts but additionally enhances our skill 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, making certain 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 intention of considerably enhancing shareholder worth by the invention and growth of worthwhile 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 season. This survey will improve our understanding of the property and refine targets for future drilling operations. The gravity survey will play a vital position in our strategic exploration efforts.
The corporate additionally pronounces an settlement with Fairfax Companions Inc. dated July ninth, which can present social media advertising communication assist for a two-month interval for a price of C$75,000 plus items and providers tax, then C$10,000 plus items and repair tax for the next 6 months. The providers embrace content material growth, social media marketing campaign and analytics. The whole 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 business in discovery and useful resource growth. For extra info and common updates, buyers 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 permitted by Jacob Anderson, CPG, MAusIMM, who’s a Useful resource Geologist for Dahrouge Geological Consulting USA Ltd., and a Certified Individual below 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 metallic properties in North America. The Firm can be actively pursuing the appropriate alternative in different assets to boost shareholder worth. For added 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 Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) settle for accountability for the adequacy or accuracy of this launch.
Ahead Wanting Statements
Statements included on this announcement, together with statements in regards to the Firm’s plans, intentions, and expectations, which aren’t historic in nature are supposed 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 related expressions. The Firm cautions readers that forward-looking statements, together with with out limitation these regarding the Firm’s future operations and enterprise prospects, are topic to sure dangers and uncertainties that would trigger precise outcomes to vary materially from these indicated within the forward-looking statements.
SOURCE: Pegasus Assets Inc.
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