- Pegasus Resources (PEGA) has begun a RadonEX survey on its Pine Channel Uranium Project in Saskatchewan’s Athabasca Basin
- The project is prospective for unconformity-related uranium mineralization, with a very shallow depth to the basement from surface of about 60 to 100 metres
- Historical work identified two conductive trends on the project
- Pegasus Resources Inc. is a diversified junior Canadian mineral exploration company with a focus on uranium, gold, and base metal properties in North America
- Pegasus Resources Inc. (PEGA) was trading at $0.055 at 1:05 p.m. ET
Pegasus Resources (PEGA) has begun a RadonEX survey on its Pine Channel Uranium Project located in the Athabasca Basin region of northern Saskatchewan.
The project is prospective for unconformity-related uranium mineralization, with a very shallow depth to the basement from surface of about 60 to 100 metres.
Historical work identified two conductive trends on the project. One trend is approximately 2.5 km long, defined by airborne and ground electromagnetic (EM) surveys. The second, a 600-metre-long conductor, has not yet been followed up with a ground EM survey(s) or drilling.
Previous drilling identified anomalous uranium in a hematite-rich fracture within Athabasca sandstone rocks, directly above unconformity with 0.15 per cent U3O8 over 0.15 metres.
The company’s President, Chris Timmins, stated that a previous RadonEX survey identified exploration targets on the Patterson Lake trend for Fission Uranium Corporation and Nexgen Energy Ltd., leading to the discovery of additional zones, including the Triple R Zone.
“We look forward to identifying exploration targets and following up on them.”
Pegasus Resources Inc. is a diversified junior Canadian mineral exploration company with a focus on uranium, gold, and base metal properties in North America.
Pegasus Resources Inc. (PEGA) was trading at $0.055 at 1:05 p.m. ET.