The Pegasus Channel Project
A cutting-edge initiative to unlock low-grade placer gold in British Columbia through advanced sensing, modeling, and recovery systems.
📍 Project Overview
- Location: Quesnel, BC — 25km east of town, directly accessible via Barkerville Highway.
- Discovery: First identified in 1985 via remote sensing & sediment mapping.
- 2023 Technical Report: Integrated 14 years of exploration and introduced "Blue Sky" inferred zones.
- Resource Goal: 20+ tonnes of recoverable gold with expansion potential into upstream deposits.
- Elevation: ~1000m; ideal topography for open-cut and modular processing.
🧭 Geological Profile & Resources
- Channel Scale: 10+ km length, 500–1000m wide, 20–42m depth.
- Stratigraphy: Ice-age glacial overburden (7–18m) atop auriferous gravel beds (8–27m).
- Bedrock: Quesnel Terrane black siltstone — traps fine gold beneath paleochannel.
| Resource Type | Ore Volume (t) | Grade (g/t) | Contained Gold (g) |
|---|---|---|---|
| Measured | 8.41M | 0.11–0.15 | 925k–1.26M |
| Indicated | 5.58M | 0.10–0.136 | 559k–760k |
| Inferred | 25.2M | 0.09 | 2.26M |
| Blue Sky | 95.77M | 0.09–0.15 | 8.61M–18.69M |
⚙️ Mining & Processing Strategy
- Excavation: Hitachi ZX1100 + Cat D10s for stripping and bulk excavation.
- Screening: Gold Machine 640tph units for pre-classification (cut size: 76mm).
- Recovery: Spiral + jigging combo with 85% total recovery efficiency.
- Back-end: Centrifugal concentrators + induction-based smelting into dore bars.
📊 Financial Model (5-Year)
Initial CapEx
$5.5M CAD
Net Profit Margin
64.5%
5-Year Gross Revenue
$716M CAD
IRR ranges 20%–229% depending on expansion pace and gold price ($1600/oz assumed).
⚠️ Risk Management & Strategic Response
- Gold price volatility offset by conservative modeling and hedging options.
- Zero-tailings strategy with closed-loop water systems to meet BC compliance.
- Phased development starting with Measured zones (14.6Mt).
- Eligibility for Canada Mineral Tax Credit (30% federal offset).
🏁 Summary
Pegasus Channel represents a rare opportunity to scale low-grade placer gold mining with verified geological models, scalable recovery tech, and upstream growth. Its robust economics and minimized environmental impact position it as a future leader in Canadian mineral innovation.