- Pegasus Resources (PEGA) has applied for permits to start an initial program at the Mozzie Lake Uranium Property
- This project is part of a four-project land package that Pegasus has
- Cumulatively the properties encompass about 54,026 hectares in 13 mineral claims
- The Mozzie Lake Property consists of two claim blocks that are situated approximately 25 and 40 km northeast of the edge of the Athabasca Basin
- Pegasus Resources Inc. is a diversified junior Canadian mineral exploration company with a focus on uranium, gold and base metal properties in North America
- Pegasus Resources Inc. was trading at $0.085, with a drop of $0.005 or 11:28 AM ET
Pegasus Resources (PEGA) has applied for permits to start an initial program at the Mozzie Lake Uranium Property.
This project is part of a four-project land package that Pegasus has and is located immediately northwest of the prolific Athabasca Basin of northern Saskatchewan which includes a historical resource estimate of 204,200 tons at 0.119 per cent U308, at an average width of 15.8 feet (4.8 metres), containing 535,718 pounds of uranium.
Cumulatively the properties encompass about 54,026 hectares in 13 mineral claims.
The Mozzie Lake Property consists of two claim blocks that are situated approximately 25 and 40 km northeast of the edge of the Athabasca Basin. It is located within the Charlebois-Higgingson Lake Uranium District.
Historical resource estimate stands at the 20A zone with 204,200 tons at 0.119 per cent U308 at an average width of 15.8 feet (4.8 metres), containing 535,718 pounds of uranium.
The mineralization is hosted within pegmatite intrusions. The pegmatite deposits of the Charlebois-Higgingson Lake Uranium District have remained largely dormant since it was first explored in the 1940’s to 1960’s era.
There are historical references to rare-earth-element-bearing minerals in the region, including at the Pinkham Lake prospects on the Mozzie Lake property.
The company believes that a re-evaluation of the district with respect to REE (rare-earth-element) mineralization should be conducted to potentially bolster the uranium potential of the project(s).
Pegasus Resources Inc. is a diversified junior Canadian mineral exploration company with a focus on uranium, gold and base metal properties in North America.
Pegasus Resources Inc. (PEG) was trading at $0.085, with a drop of $0.005 or 11:28 AM ET.
