- Pegasus Resources (PEGA) announced the company has extended the polymetallic mineralization at its Gold Mountain Property in northern British Columbia
- The company released the news as part of the summary of its 2021 work programs on both the Gold Mountain and Punch Bowl properties
- Exploration has extended the mineralization from 600 metres to over 900 metres in strike length at the Gold Mountain Property
- One sample of note returned 1.63 per cent copper, 76 grams per tonne of silver and 2.34 grams per tonne of gold
- Pegasus Resources is up 10 per cent, trading at $0.055 at 11:51 a.m. EST
Pegasus Resources (PEGA) announced the company has extended the polymetallic mineralization at its Gold Mountain Property in northern British Columbia.
The Vancouver-based junior mineral exploration company released the news as part of the summary of its 2021 exploration programs on both the Gold Mountain and Punch Bowl properties.
Exploration has extended the mineralization from 600 metres to over 900 metres in strike length at the Gold Mountain Project.
The mineralized system is oriented southeast-northwest and is considered open in all directions.
One sample of note returned 1.63 per cent copper, 76 grams per tonne of silver and 2.34 grams per tonne of gold.
A total of seven samples were collected for petrographic analysis and characterization of mineralization, textures and alteration.
“Our exploration program at Gold Mountain confirmed both the exceptionally high grades of silver and significant gold within the polymetallic veins. We are incredibly interested in following up next season with the possibility of expanding the zone,” said Pegasus CEO Charles Desjardins.
Pegasus Resources is up 10 per cent, trading at $0.055 at 11:51 a.m. EST.