Pegasus Resources (TSXV: PEGA) started out the year this morning by providing results of its 2021 summer prospecting program at its properties near Golden, British Columbia. The firm this morning provided the results of the prospecting program carried out at both the Gold Mountain and Punch Bowl properties in the region.
At Gold Mountain, the firm extended mineralization from 600 metres to 900 metres in length along strike. Mineralization is said to remain open in all directions. A total of seven samples were collected from veins and outcrop during the program at the property, with highlights including samples of 1.63% copper, 76 g/t silver and 2.34 g/t gold, as well as 0.37% copper, 2260 g/t silver, and 0.99 g/t gold, the latter of which confirmed the main zone.
At Punch Bowl, the firm collected a total of twenty four samples at the main gold prospect, of which seven samples returned values higher than 0.1 g/t gold, and two greater than 1.0 g/t gold. A further 13 samples were collected at a new mineralized zone containing copper, with the highlight value being 1.68% copper.
Sponsored · First Phosphate Corp.
“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,” commented Charles Desjardins, CEO, on the results.
Pegasus Resources last traded at $0.05 on the TSX Venture.
FULL DISCLOSURE: Pegasus Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Pegasus Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
