Pegasus Resources Inc. (TSX-V:PEGA) has announced analytical results from its 2023 ground exploration program at the Punch Bowl property, part of its Golden project in British Columbia, which included three samples that returned values of 4.7 grams per tonne (g/t) gold, 3.87 g/t gold, and 1.61 g/t gold.
The mineral exploration company said the 2023 samples extended mineralization of the gold bearing quartz vein set to approximately 200 metres (m) along strike.
"The assays show that the mineralization observed within the quartz veins is relatively continuous along strike, and the newly discovered quartz vein displays the potential for multiple mineralized zones on McGillivray Ridge," Pegasus Resources CEO Chris Timmins said in a statement.
"We look forward to continuing to advance this project during the summer of 2024," he added.
Pegasus noted that the abbreviated late fall reconnaissance program included 25 rock samples, with seven having returned greater than 0.13 g/t gold.
The company added that overall, the program was successful in extending mineralization along strike of known auriferous veins, in addition to locating a previously unsampled mineralized quartz vein.
Pegasus Resources is a diversified junior Canadian mineral exploration company with a focus on uranium, gold, and base metal properties in North America.
Contact Sean at sean@proactiveinvestors.com