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Pegasus Metals Ltd.

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Summary

Project:

Dablo

Deposit:Dablo
Location:Burkina Faso
Commodities:Gold-Platinum-Palladium-Nickel-Copper
Date:4/19/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:19-4-2018: Pegasus Metals Ltd. announces an Exploration/Drilling Update report for its Dablo deposit at the Dablo project. Drilling results incl. 30m @ 0.3ppm Au, 0.59ppm Pt, 1.74ppm Pd, 0.51% Ni, 0.13% Cu from 35m. Pegasus Metals Limited (ASX:PUN) (Pegas
Resources:x
CP/QP:[Overall Report]: Grant Osborne (Independent)
ABSTRACT:Pegasus Metals Limited (ASX:PUN) (Pegasus or the Company) is pleased to announce the results from eight Reverse Circulation (RC) drill holes, completed in late 2017 at the Dablo PGE-Au-Ni-Cu (palladium-platinum-gold-nickel-copper) Project (Dablo Project) in Burkina Faso (refer Figure 1). As announced on 10 January 2018, Pegasus has entered into an agreement to acquire Scorpion Minerals Limited (Scorpion), which holds the rights to enter a 70% joint venture interest in the Dablo Project through Newgenco Exploration (West Africa) Pty Ltd (NEWA) . The Dablo Project is a significant ultramafic-mafic complex in an emerging Ni-Cu-PGE Province which could potentially host a large palladium-platinum-gold-nickel-copper deposit. The Dablo Project consists of a large tenement package comprising 4 tenements for a total of 981 km2 (refer Figure 2) covering the Dablo Main Intrusion (DMI), with a strike length of 6km identified so-far within an anomalous trend of over 35km length

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