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Pegasus Resources Samples 18.8% U308 at Energy Sands Utah25.03.2024 | 16:00 Uhr | Accesswire
VANCOUVER, March 25, 2024 - Pegasus Resources Inc. (TSXV:PEGA)(Frankfurt:0QS0),(OTC PINK:SLTFF) (the "Company" or "Pegasus") proudly announces significant findings from its recent sampling program at the past-producing Energy Sands project in Utah. Out of 41 samples collected, 13 have demonstrated uranium (U3O8) grades exceeding 1%, with notable results, including sample ESRS24-016 returning 18.8% U3O8 and sample ESRS24-007 returning 3.5% U3O8. "The remarkable 18.8% U3O8 concentration in sample ESRS24-016 validates the high-grade uranium potential at our Energy Sands project in Utah," commented CEO Christian Timmins. "These results significantly enhance our confidence in the uranium mineralization of this asset, and this analysis will serve as a crucial guide for drill targeting and permit applications needed to take Energy Sands to drill-ready status." During the 13-day program, Pegasus collected 41 grab samples using the RS-125 handheld spectrometer to locate areas of uranium mineralization. Notable samples were collected from mineralized outcrops, tailings, and historical mine workings. This completion of geological mapping and sampling is a vital step in advancing Pegasus' exploration efforts, providing valuable insights into the Energy Sands property's uranium and vanadium potential. The Company remains committed to leveraging this data for informed decision-making as it continues to pursue sustainable resource development. Sample results for 13 samples with results above 1% U3O8 are included in Table 1 below. The remaining 28 samples are distributed into the following ranges.
Building on the success of the sampling program, Pegasus will now focus on finalizing drill targets and submitting applications to the Bureau of Land Management (BLM) for associated permits required for a proposed summer drill program. These proactive measures align with the Company's commitment to maximizing the value of its assets and further exploring the potential of the Energy Sands Uranium project.
Table 1: Significant Vanadium and Uranium Sample Assay Results Figure 1: Uranium Field Sample Assay Results Historical production on the Energy Sands Project reported by the United States Geological Survey indicates that 51.8 Tons with a grade of 0.373% U308 and 1.10% V2O5 was extracted between 1953 and 1956 (Byers & Robertson, 1956) NI 43-101 Disclosure Quality Assurance / Quality Control About Pegasus Resources Inc. On Behalf of the Board of Directors: Christian Timmins X: https://twitter.com/MrChris_Timmins Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements SOURCE: Pegasus Resources Inc. View the original press release on accesswire.com Dieser Artikel stammt von Rohstoff-Welt.de
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