Pegasus Resources Updates Investors on Strategic Progress

Pegasus Resources Inc. has announced significant strides in its exploration initiatives for 2024. The recent acquisition of the Jupiter Project, just 3 km north of Energy Sands, positions the company to advance rapidly towards a uranium resource estimate. This project, completed on July 10, 2024, includes over 100 historical drill holes, enhancing the understanding of the area's potential.

Exploration at Energy Sands began with a successful ground sampling program in January 2024. Analysis by Dahrouge Geological Consulting identified trends indicative of paleochannel-hosted mineralization. Permitting and preparations for a comprehensive summer drilling program are underway at both projects.

CEO Christian Timmins stated that the integration of Jupiter and Energy Sands allows leveraging historical data and modern techniques, aimed at enhancing mineral resource understanding. The summer drill program is anticipated to expand mineralization zones and reinforce Pegasus Resources' position as a leader in the uranium sector.