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Pegasus Mining (1990 – 1997)

• Run of Mine heap leach

• Produced 435,000 ounces

from approximately 666,000

ounces mined (65% recovery)

• Sequentially mined ~8 ore

bodies

• Declared bankruptcy in 1997

• US Forest Service seized

reclamation bond and

reclaimed the property

17 TSX:LGD | OTCQX:LGDTF