Pegasus Resources Inc V.PEGA

Alternate Symbol(s): SLTFF

Metals & Mining Industrial Metals & Minerals

Pegasus Resources Inc. is a diversified junior Canadian mineral exploration company with a focus on uranium, gold, and base metal properties in North America. The Company's projects include Energy Sands, Pine Channel and Golden. The 100% owned Energy Sands Project consists of two properties totaling approximately 1,050 hectares (ha) located within the San Rafael Uranium District in Utah, bordering Western Uranium and Vanadium's San Rafael Project. Its Jupiter Project is a strategic uranium project located in Emery County, Utah, United States. The Pine Channel uranium property consists of six mineral claims encompassing 6,028 ha situated at the northern most edge of the Athabasca Basin. The Golden Project is comprised of three distinct claim groups, from south to North, Gold Mountain, Vertebrae Ridge and Punch Bowl. The Punch Bowl property consists of three mineral claims totaling 3,079 ha. The Vertebrae Ridge property consists of two mineral claims totaling over 2,871 ha.

TSXV:PEGA - Post by User

Pegasus Resources Inc

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Post by Bthereon Jan 27, 2014 12:37pm

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Post# 22138288

If interested, check out TGR. (no dilution, only structure)

https://tigerresources.com/president.html

President’s Letter - January 2014

Dear Tiger Shareholder:

The Company has successfully completed an earn-in phase for the Itogon Gold and Silver Project in the Philippines with ECR Minerals PLC of London, UK. Both Tiger and ECR Minerals announced that the due diligence period is completed, and the first payment of the agreed to consideration under the Master Agreement has been received by Tiger, satisfying all conditions of the agreement.

This month the work camp is set up, and the work program commences with trenching and sampling, then followed by a drilling program of a combination of reverse circulation and diamond drilling. Under the agreement with ECR Minerals the first stage is planned by ECR to confirm an initial resource of 200,000 ounces of gold, so the work program will proceed accordingly, with later work to raise this to higher levels. Tiger has requested that ECR provide reports in a fashion that is compliant with 43-101 standards for reporting purposes by Tiger.

The details of the ECR earn-in have been previously announced. ECR performs and funds the work, deals with the local Community, and advances the project at its investment, and in increments earns up to 50% of the project. Upon obtaining a Mining License (which is further advancement than developing a positive feasibility study) both companies contribute equally.

The great benefit to Tiger shareholders is that it relieves management time to pursue other company opportunities, requires no share dilution to existing shareholders, and earns cash which will cover corporate overheads. We see the result as a win for both companies, and a win for Tiger shareholders overall.

Sincerely,
Tiger International Resources Inc.