Pegasus Resources Inc - SLTFF STOCK NEWS

Pegasus Resources Inc. (OTC: SLTFF) has received permit approval from the Saskatchewan Ministry of Environment for initial exploration at its Pine Channel Uranium Project in the Athabasca Basin. The first phase includes ground radon and gravity surveys aimed at identifying uranium mineralization, leveraging historical targets similar to those found by Fission Uranium and Nexgen Energy. The property shows promising geological features with shallow uranium potential. Fieldwork is set to begin once ground conditions improve.

Pegasus Resources Inc. (OTC/Pink Sheet symbol: SLTFF) has signed an option agreement for the acquisition of 147 lode mining claims in South Dakota, covering approximately 3,037 acres. The all-cash deal values the transaction at US$1,500,000 payable over three years, pending TSX approval. The claims include historical resources totaling 2,379,990 lbs. U3O8 and an additional potential resource of 1,440,000 lbs. U3O8. This acquisition allows Pegasus to plan detailed drilling programs to confirm historical results and assess ISR amenability.

Pegasus Resources Inc. (OTC: SLTFF) has engaged Dahrouge Geological Consulting Ltd for field exploration at its newly acquired Energy Sands Uranium Project in Utah. This project involves 30 unpatented claims over 600 acres, near the San Rafael Uranium District. Historical production (1953-1956) yielded 51.8 tons of uranium and vanadium. The company is also advancing the Pine Channel Uranium Project permitting in Saskatchewan. Cautious management notes that past results from adjacent properties may not predict future mineralization on their own.

Pegasus Resources Inc. (OTC: SLTFF) has announced the acquisition of the Energy Sands Project in Utah, consisting of 30 unpatented lode claims over 600 acres. The project is located near the San Rafael Uranium Project and features historical uranium and vanadium production. Management believes the global uranium market is strengthening due to increased demand for green energy alternatives. The company continues its permitting process for another project in Saskatchewan.

Pegasus Resources Inc. announced the results of its summer 2021 exploration program at its Gold Mountain and Punch Bowl properties in British Columbia. Significant findings include:

• Gold Mountain's mineralization extended from 600m to over 900m, with sample results of 1.63% Cu, 76 g/t Ag, and 2.34 g/t Au.
• Punch Bowl confirmed multiple gold-bearing veins, with some samples exceeding 1.0 g/t Au and a new copper zone with samples up to 1.68% Cu.

The company aims to expand further in the next exploration season.

Pegasus Resources reported promising results from its summer 2021 prospecting program at the Vertebrae Ridge Property in British Columbia, encompassing 5,324 ha. Significant findings include the discovery of the Canon Cu-Au Zone and confirmed mineralization at existing sites. Key highlights feature:

• Crest Zone: 65 samples collected, averaging 2.7% Cu, with a maximum of 29% Cu.
• Barrel Zone: 13 samples averaging 0.87% Cu, highest value at 5.06% Cu.
• Cannon Zone: 26 samples averaging 1.03% Cu, including notable gold values.

The findings suggest a large mineralized system in a region with growing copper demand, enhancing exploration potential.

Pegasus Resources Inc. (OTC: SLTFF) has initiated permitting for its uranium projects in the Athabasca Basin, covering approximately 60,054 ha across 19 claims, including Pine Channel and others. A permit application has been submitted for the Pine Channel project, with ground radon and gravity surveys planned upon approval. The company is also collaborating with Northern communities and awaits assay results from recent work on other properties. The technical information has been reviewed by a qualified expert.

Pegasus Resources Inc. (OTC: SLTFF) announced exploration plans for its uranium projects in the Athabasca Basin, covering approximately 60,054 hectares across 19 claims. The company aims to advance exploration at the Pine Channel property through radon soil gas and gravity surveys, making it drill-ready. Plans include data compilation at Mozzie Lake, Wollaston Northeast, and Bentley Lake properties to strategize spring exploration. Historical data indicates potential uranium mineralization, with previous drilling revealing 0.15% U3O8 over 0.15m.

Pegasus Resources Inc. (SLTFF) announced the acquisition of four uranium properties near the Athabasca Basin in northern Saskatchewan. This includes a historical resource estimate of 204,200 tons at 0.119% U₃0₈, equating to 535,718 pounds of uranium. The properties span 54,026 hectares and encompass Wollaston Northeast, Bentley Lake, Mozzie Lake, and Pine Channel. The acquisition aims to leverage the growing interest in uranium exploration and enhance the company's resource base.