You're Almost Done

Please check your inbox and follow the link provided to confirm your subscription.

Close
Subscribe To Updates

Join our mailing list to receive news releases and other materials related to Pegasus Resources Inc.

System Text
CLOSE
TSX.V PEGA LAST - - VOL -
SUBSCRIBE TO UPDATES

Energy Sands

`

Highlights

  • 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, totalling 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

*Source: Utah.gov

Geology

The Energy Sands project is characterized by sandstone-hosted uranium and vanadium mineralization, demonstrating significant potential for the establishment of valuable resources. Uranium mineralization within the project is primarily situated in the Salt Wash Member of the Jurassic Morrison Formation. The Tidwell Mineral Belt in the San Rafael Uranium District hosts the mineralization, which is organized in a series of northeast-oriented trends. The individual mineralized bodies exhibit a tabular to lenticular morphology, aligning their long axis along the identified trend.

Proximity to WUC

The Energy Sands project is strategically positioned on-trend, situated approximately 4 kilometres from Western Uranium’s (WUC) Rafael Uranium Project. The latter boasts 758,050 tons of indicated mineral resources, averaging 0.225% U3O8 and 0.30% V2O5, along with 453,850 tons of inferred mineral resources, averaging 0.205% U3O8 and 0.28% V2O5. These resources, at a cut-off grade of 0.06% U3O8, offer substantial quantities - 3,404,600 million pounds of U3O8 and 4,595,600 million pounds of V2O5 for indicated resources, and 1,859,600 million pounds of U3O8 and 2,510,600 million pounds of V2O5 for inferred resources. (Based on the Nov-19, 2014 Technical Report filed by Western Uranium.)

Historical Production

According to a historical report archived by the United States Geological Survey (USGS), small-scale uranium production took place between 1953 and 1956. The Minerals Corporation of America achieved a total production of 51.8 tons at a notable grade of 0.373% U3O8 and 1.10% V2O5 during this period (Byers & Robertson, 1956). This comprehensive overview underscores the promising nature of the Energy Sands project, both in terms of geological potential and its proximity to established uranium and vanadium resources in the region.

Next Steps

Q1 Mapping and Sampling

High-Level Desktop Review

  • Source and review existing geologic reports, maps, and supporting data
  • Delineate targets and expected geology based on available data
  • Classify targets utilizing available data

Geological Mapping & Sampling

  • Source and review existing geologic reports, maps, and supporting data
  • Delineate targets and expected geology based on available data
  • Classify targets utilizing available data

Generate a comprehensive field report summarizing:

  • Access details, including any challenges or constraints
  • Local geology findings, highlighting key observations and potential resource areas. Targets identified during the high-level desktop review
  • Results of geological mapping and lithologic confirmation
  • Summary of collected samples and their geochemical analysis
  • Assessment of areas earmarked for planned drilling in Q2/Q3 2024
  • Any recommendations or insights for further exploration

Q2: Drill Program Planning / Drill Permit Application 

This outlined work scope by Dahrouge Exploration ensures a systematic and thorough exploration process for the Energy Sands project. The detailed approach, from desktop reviews to field activities and reporting, aims to provide valuable insights and guide decision-making for the project's future exploration and development phases.