Pegasus Resources CEO Announces Acquisition of Strategic Jupiter Uranium Project
11.07.2024 | NewsDirect
Pegasus Resources' CEO, Chris Timmins, joined Steve Darling from Proactive to share news that the company has finalized an agreement with KD Prospect to acquire a 100% interest in the Jupiter Project, a strategic uranium project located in Utah. The Jupiter claim group is situated 3 kilometers north of Energy Sands and consists of 48 unpatented claims in sections 10 and 15, Township 21 S, Range 14 E SLPM, Emery County, Utah. The claims are within the Bureau of Land Management and are accessible via a well-maintained service road that connects to the I-70 highway.Timmins highlighted the acquisition of the Jupiter Project, along with the Energy Sands Project, as a significant opportunity for Pegasus and its investors. The Jupiter Project offers an advanced property with historical drilling data, which will be instrumental in developing a future resource estimate.
The company intends to undertake the necessary work to create a resource estimate in accordance with the current CIM Definition Standards on Mineral Resources and Mineral Reserves. Their exploration strategy includes twinning historical drill holes, conducting a geological re-log of old drill holes, and defining new drill targets. These activities aim to both expand known resources and discover new mineralization zones, enhancing the project's value and potential.
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