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Investorideas Featured Company: Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0)

Pegasus Resources Inc.

Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold, and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value.

Key Facts:

Pegasus Resources Inc.

Symbol: (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0)

Sector: Mining

Company Website: pegasusresourcesinc.com/

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Contact

Corporate Office

Pegasus Resources Inc.
700-838 West Hastings
Vancouver, BC, V6C 0A6

+1 403-597-3410
+1 604-833-6999
info@pegasusresourcesinc.com

Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0)
Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0)
Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0)
Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0)

PROJECTS

Pine Channel

The Pine Channel uranium property consists of six mineral claims encompassing 6,028 ha situated at the northern most edge of the Athabasca Basin. The property is about 40km due west of the community of Stony Rapids, Saskatchewan, and is accessible via trails and winter road that cross through the property. The property is underlain at shallow depths by the structurally complex Tanto Domain, which is host to numerous U, Cu, Ni and Au occurrences.

Highlights:

  • The property is prospective for unconformity-related uranium mineralization, with a very shallow depth to the basement from surface of about 60 to 100 metres
  • Drilling in 1981 identified anomalous uranium in a hematite-rich fracture within Athabasca sandstone rocks, directly above unconformity in hole PC81-2 with 0.15% U3O8 over 0.15m

Historic work identified two trends:

  • One trend is approximately 2.5 km long, defined by both 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

Energy Sands

The Energy Sands project consists of sandstone-hosted uranium and vanadium mineralization with demonstrated potential to establish resources, with historical small-scale mining having occurred in two isolated regions of the Property.

Project Hightlights

  • 78 lode claims, totaling 1560 acres
  • Located within the San Rafael Uranium District, and approximately 4 kilometres from the San Rafael Uranium Project of Western Uranium
  • Historical small-scale production, between 1953 and 1956, totalling 51.8 Tons at a grade of 0.373% U3O8 and 1.10% V2O5


Golden

The Golden project features three properties along a trend located along the British Columbia - Alberta border.

Gold Mountain is an early-stage gold/silver property located approximately 50 km NW of Golden, BC, just north of Highway 1. The property is comprised of two mineral claims over 802 ha and encompasses the historic Grizzly occurrence featuring gold and silver hosted within polymetallic quartz / carbonate veins.

The Vertebrae Ridge property consists of two mineral claims totaling over 2,871 ha and is approximately 30 km NW of the Gold Mountain property and 80 km NW of Golden, BC.

The Punch Bowl property consists of three mineral claims totaling 3,079 ha and is approximately 90 km NW of the Gold Mountain Property and 140 km NW of Golden, BC. The property surrounds the historic Punch Bowl showing where discrete quartz-gold veins are hosted within quartzites and pelites of the McNaughton Formation.

Project Highlights

  • 1930's - One adit and two small open cuts
  • Late 1960's - Grab samples of quartz veins contained up to 0.27 g/t Au and 268.8 g/t Ag (Empey and Richardson, 1981)
  • 1982 - 14+ trenches uncovered two veins at the North Showing, where a 1m thick quartz vein in two trenches returned 4.87 g/t Au, 646.9 g/t Ag, and 1.89% Cu, and 3.50 g/t Au, 582.3 g/t Ag, and 73.31% Pb. At the South Showing, 5 veins were exposed and several trenches returned up to 30.3 g/t Au, 12 123.1 g/t Ag, and 32.54% Cu. (Allen, 1982)
  • 1983 - Two bulk samples confirmed the 1982 results with a 590 lb sample averaged 2.33 g/t Au, 703.4 g/t Ag, and 1.04% Cu. Additionally, 71 vein sample material averaged 2.78 g/t Au, 885.3 g/t Ag, and 1.23% Cu. (Parr, 1983)
  • 1984 - 8 shallow drill holes (Parr, 1984) with highlights of:
    4.04 m - 59.04 g/t Au, 6863.1 g/t Ag, 16.9% Cu, and 8.95% Pb
    4.5

MANAGEMENT TEAM

Christian Timmins

CEO & President

Mr. Timmins is an entrepreneur and investor with over two decades of expertise in analyzing and speculating the metals, mining, oil and gas, and technology sectors. His career has seen him involved in numerous companies, where he contributed significantly to their growth and success. Chris has held various positions, showcasing his versatility and has served on public company boards, highlighting his leadership. Currently holding the position of Chief Executive Officer, Chris continues to be a driving force in the realms of entrepreneurship and investment.


Dave Bissoondatt

CFO & Director

Mr. Bissoondatt has over 35 years of experience with companies involved in the public markets. He has held the positions as Director and as Corporate Secretary in various companies traded on the TSX Venture Exchange and the Canadian Securities Exchange. He has also served on the Audit Committee in some of the companies. He has provided corporate governance and regulatory compliance services for TSX Venture and CSE listed companies since 2015. He works closely with the company's legal counsel and CEO in maintaining corporate records and managing daily operations and ensuring the company's filings with the securities commissions and exchanges are filed and in accordance with their deadlines.


Noah Komavli

Director

Mr. Komavli's expertise lies in supply chain management, optimizing operational efficiency and enhancing value chains. His extensive background in this field adds valuable insights to Pegasus' operations and strengthens the Company's strategic approach. Beyond his professional endeavours, Mr. Komavli has a deep interest in precious metals and mining, particularly in exploration and development-focused companies. He has invested in this sector for numerous years, gaining firsthand knowledge of its opportunities and challenges. Mr. Komavli also has a strong entrepreneurial spirit, having co-founded and developed a startup software company. His experience fostering innovation and driving business growth will provide an invaluable perspective to Pegasus Resources' ongoing operations and future opportunities.


Derrick Strickland, P. Geo, MBA

Director

Derrick Strickland, P. Geo, MBA, has over 35 years of involvement in all aspects of the exploration industry, actively working as a geological and corporate advisor. Mr. Strickland has been self-employed for over 23 years. He is an experienced leader, founder, director, CEO, and Vice President to over 20 publicly traded companies. His work over the last three decades has been on six continents, specializing in remote locations, instituting quality assurance programs, provision of on the ground geological technical execution and know-how, and expertise for both private and publicly traded resource companies. He has extensive practice in the areas of corporate governance, current regulatory regimes, compliance, and disclosure matters (NI 43-101). Mr. Strickland's international exposure encompasses a range of commodities, including base metals, gold, uranium, diamonds, potash and copper in numerous deposit types and settings, with an eye to other specialty minerals and unique opportunities. Mr. Strickland's diverse experience makes him an asset in all geological and cultural settings. Mr. Strickland's extensive network and industry engagement has seen him elected as a past director of both the Prospectors & Developers Association of Canada (PDAC) and the Association for Mineral Exploration B.C. (AME).

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