Exploring Mining Podcast with Chris Timmins- Pegasus
Resources Inc. (TSXV: $PEGA.V) (OTCQB: $SLTFF) Takes Flight with New
Assay Results; @pegasusresinc
CEO Chris Timmins Discusses Latest Assay
results and 2024 Upcoming drill program for Energy Sands Project
April 2, 2024 Investorideas.com, a global investor news source covering
mining and metals stocks releases today’s Exploring Mining Podcast, featuring a special edition interview with
Chris Timmins, CEO and President of Pegasus Resources Inc. (TSXV: PEGA) (OTCQB: SLTFF).
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at Investorideas:
https://www.investorideas.com/Audio/Podcasts/2024/040124-Mining.mp3
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at https://www.investorideas.com/news/2024/exploring-mining/04021Pegasus-Resources-PEGA-SLTFF.asp
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to Exploring Mining podcast on iTunes Apple podcasts
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In this episode,
host Cali Van Zant talks to Chris Timmins about the latest assay results from
their Energy Sands project (Full company press release
here)
and some of the permit and drilling programs coming up this summer. Chris talks
about his role since becoming CEO in 2023, new board additions to the team, the
Pine Channel Project and what he is looking forward to most in the uranium
sector.
When speaking about
their latest results and the Energy Sands project, Chris states, “We did a program in January on our Energy
Sands project in Utah. We had some really good preliminary results. We sent the
guys out, and they went around and collected a bunch of samples and we had some
really extraordinary results. We were expecting something around 2% but we
actually came back with an 18.87% result; very encouraging.”
“We're
going to take the next step, and that's going to be to apply for the
permitting, and get the ball rolling on this project into drill ready status,
and hopefully drill it this summer….Our big neighbor is Western Uranium
Vanadium, just up the road by a mile or two from us. That’s why we staked this
land in the first place; it’s that it was open, and it is a long trend. Western
Uranium's has 4 to 5 million lbs. of uranium sitting up on their property just
to the northeast of us. We saw the potential here to follow along trend.”
When asked about
surviving the challenges of 2023 as a junior exploration company and what Chris
is looking forward to in 2024, he said, “As
far as what we're looking forward to; I am looking forward to drilling Energy
Sands. I think there's a resource here and if you can take a company with an
under a $4 million market cap and start drilling a resource for uranium, I
think that'll be a real eye opener for people.”
“For
2025 we'll be in Pine Channel and we think there's something there too. So
we've got a few things on the go. Thankfully, we can work the Energy Sands
project through the summer and our Pine Channel one in the winter. That spreads
out our attention a little and gives us a little more bandwidth here to deal
with each thing when it comes up.”
“As
far as uranium in general, I think it only gets better from here. The demand
just keeps going up and the supply just keeps lagging. So I think it's an
exciting place to be. And I think we see uranium prices continue to go up
through the next few years, and I don't think we see this demand supply problem
fixed till at least into the 2030’s.”
Full company press
release https://www.pegasusresourcesinc.com/latest
About Pegasus Resources Inc
Pegasus Resources Inc. 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. For
additional information, please visit the Company at www.pegasusresourcesinc.com
About
the Energy Sands Project
The Energy Sands project consists of 100%
owned 78 lode claims covering 1,560 acres in the San Rafael Uranium District of
Utah approximately 4 kilometres from the San Rafael Uranium Project of Western
Uranium and Vanadium.
Utah is ranked among the top 5 most
favorable jurisdictions in the United States and is home to two built uranium
mills and a third soon to be built by Western Uranium and Vanadium, which gives
the companies operating in the area an exceptional advantage for future ore
processing for conventional mining projects.
·
Historical small-scale
production, between 1953 and 1956, totaling 103,600 Pounds at a grade of 0.373%
U3O8 and 1.10% V2O5.
·
4 Corners Mines road runs
through the property and connects to Interstate 70 (less 2km away), a mainline
route of the Interstate Highway System in the United States connecting Utah and
Maryland.
https://www.pegasusresourcesinc.com/energysands
Check
out Pegasus Resources profile page on InvestorIdeas
https://www.investorideas.com/CO/PEGA/
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