PEGASUS METALS LIMITED - ASX: PUN

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Description

Pegasus Metals Limited is a junior explorer based in Western Australia.

Highlights

* McLarty Range Copper Project: an exciting new “sediment-hosted copper” play located in the West Kimberley region
* Several “calcsilicate-hosted zinc” prospects in the East Kimberley
* Extensions to the Christmas Creek gold-bearing vein system, East Kimberley, to be explored

The McClintock Range Project provides Pegasus with a joint venture opportunity to explore the hard rock potential of radioactive granites exhibiting visible uranium oxides and the untested uranium potential of Tertiary palaeochannels draining the outcropping mineralisation. The mineralising granites are flanked by skarns within sedimentary sequences hosting tin, tantalite, tungsten, molybdenum and copper mineralisation.

The mineralised structure continues to the east under a veneer of aeolian soils. Exploration of the adjoining Sturt Palaeochannel Project provides Pegasus with a highly prospective regional target for both primary uranium deposits and an extensive array of untested, potentially uraniferous palaeochannels defined by Landsat imagery.

The Giant Placer Project targets a potential gold resource hosted by an auriferous quartz-bearing ‘gravel plain’ placer generated by deep chemical weathering of the auriferous Halls Creek Group during the Tertiary. The placer is world class in dimension and dwarfs all previous placer discoveries in Australia.

Mine For

copper, gold, zinc

Location of operation(s)

Western Australia

Address

Se 2, 35-37 Havelock St
WEST PERTH, WA, AUSTRALIA

Phone

(61 8) 9321 1088

Email

Website

http://www.pegasusmetals.com.au

Last Updated

28/02/2011