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Pegasus Resources ( (TSE:PEGA) ) has shared an update.
Pegasus Resources Inc. has significantly expanded its Gold Mountain Project by acquiring additional claims, effectively doubling the project’s area to approximately 1,862 hectares. This strategic land acquisition is poised to enhance exploration and drilling activities, potentially unlocking high-grade polymetallic resources in a historically rich mining region of British Columbia. The expansion aims to uncover further mineralization, supported by both historical and recent sample results indicating exceptional gold, silver, copper, and lead concentrations. This move positions Pegasus Resources to capitalize on the project’s potential, promising increased resource development and exploration opportunities.
More about Pegasus Resources
Pegasus Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral-rich projects. The company primarily targets polymetallic resources, with a particular emphasis on gold, silver, copper, and lead. Pegasus Resources is strategically expanding its operations in regions with a rich history of mining activity, aiming to leverage promising historical and modern exploration results.
YTD Price Performance: -8.33%
Average Trading Volume: 66,327
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$3.26M
For detailed information about PEGA stock, go to TipRanks’ Stock Analysis page.
