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Pegasus Commences the RadonEX Study on its Pine Channel Uranium Job, Athabasca Basin, Saskatchewan, The Canadian Organization Journal

Pegasus Commences the RadonEX Study on its Pine Channel Uranium Job, Athabasca Basin, Saskatchewan, The Canadian Organization Journal

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Pegasus Commences the RadonEX Survey on its Pine Channel Uranium Project, Athabasca Basin, Saskatchewan

VANCOUVER, British Columbia, June 28, 2022 (World NEWSWIRE) — Pegasus Assets Inc. (TSX-V: PEGA: Frankfurt – OQS2, OTC/Pink Sheet image: SLTFF) (the “Company” or “Pegasus”) is pleased to announce that it has commenced the RadonEX survey on its Pine Channel Uranium Job (“the Project” or “Pine Channel”), positioned in the Athabasca Basin location of northern Saskatchewan.

“We are psyched to be starting the RadonEX study on Pine Channel,” said Chris Timmins, President of Pegasus. “A prior RadonEX study recognized exploration targets on the Patterson Lake development for Fission Uranium Corporation and Nexgen Vitality Ltd., primary to the discovery of further zones, like the Triple R Zone. We search ahead to determining exploration targets and pursuing up on them up.”

Pegasus proceeds functioning with the team that represents the northern communities and First Nations groups, the Ya’ thi Néné Lands and Sources (YNLR) office.

Pine Channel Uranium Property Highlights:

  • The Job is future for unconformity-linked uranium mineralization, with a very shallow depth to the basement from area of about 60 to 100 metres.
  • Historical do the job identified two conductive trends on the Venture. Just one development is close to 2.5 km very long, defined by both of those airborne and ground electromagnetic (EM) surveys. The 2nd, a 600-metre-lengthy conductor has not yet been adopted up with a floor EM survey(s) or drilling and
  • Drilling in 1981 identified anomalous uranium in a hematite-wealthy fracture inside Athabasca sandstone rocks, directly previously mentioned unconformity in hole Computer81-2 with .15% U3O8 around .15m.

The Challenge with a skinny protect of Athabasca Basin, is underlain at shallow depths by the structurally intricate Tanto Area, which is host to several U, Cu, Ni and Au occurrences.

Experienced Person

The scientific and technological info contained in this information launch has been reviewed and accepted by Neil McCallum B.Sc., P.Geo. of Dahrouge Geological Consulting, who is a “Qualified Person” as outlined in NI 43-101.

About Pegasus Sources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Business with a aim on uranium, gold, and foundation metal properties in North America. The Company is also actively pursuing the right opportunity in other sources to greatly enhance shareholder value. For additional information and facts remember to take a look at the Corporation at www.pegasusresourcesinc.com or get in touch with Charles Desjardins at [email protected]

On Behalf of the Board of Administrators

Christian Timmins
President and Director
Pegasus Means Inc.
700 – 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-604-369-8973
E: [email protected]

Neither the TSX Enterprise Exchange nor its Regulation Products and services Provider (as that time period is outlined in the procedures of the TSX Enterprise Trade) accepts duty for the adequacy or precision of this release.

Ahead Wanting Statements
Statements integrated in this announcement, which include statements about the Company’s programs, intentions and anticipations, which are not historic in nature are intended to be, and are hereby identified as, “forward-looking statements”. Ahead-looking statements could be identified by phrases which includes “anticipates”, “believes”, “intends”, “estimates”, “expects” and related expressions. The Organization cautions readers that forward-looking statements, such as with no limitation those relating to the Company’s potential operations and enterprise potential customers, are subject matter to particular risks and uncertainties that could lead to true benefits to differ materially from these indicated in the forward-seeking statements.

 


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