Pegasus Resources has unveiled promising findings from its recent sampling program at the Energy Sands project in Utah, a past-producing uranium site. The company’s CEO, Chris Timmins, shared the exciting news with Steve Darling from Proactive, revealing that out of 41 samples collected, 13 demonstrated uranium (U3O8) grades exceeding 1%.
Notably, sample ESRS24-016 returned an impressive 18.8% U3O8 concentration, while sample ESRS24-007 yielded 3.5% U3O8. Timmins emphasized that the 18.8% U3O8 grade in sample ESRS24-016 validates the high-grade uranium potential at the Energy Sands project. These results significantly enhance the company’s confidence in the asset’s uranium mineralization, providing crucial guidance for drill targeting and permit applications required to advance Energy Sands to a drill-ready status.
During the 13-day sampling program, Pegasus collected 41 grab samples using the RS-125 handheld spectrometer to identify areas of uranium mineralization. Notable samples were obtained from mineralized outcrops, tailings, and historical mine workings. This comprehensive geological mapping and sampling effort represents a critical step in advancing Pegasus’ exploration activities, offering valuable insights into the uranium and vanadium potential of the Energy Sands property.
The company remains committed to leveraging this data for informed decision-making as it continues to pursue sustainable resource development. The promising results from the sampling program underscore the significant potential of the Energy Sands project and position Pegasus Resources for further exploration success in the uranium sector.
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