Greater Than 1% Copper on Sego's Miner Mountain Project
Greater Than 1% Copper on Sego's Miner Mountain
Project
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2019) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or the
"Company") is pleased to announce geochemical results from its Phase 2 2018 trenching programme completed December 04,
2018 at the Company's Miner Mountain project. Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold
porphyry exploration project located near Princeton, British Columbia.
In addition to drilling, Sego excavated 100 meters of trenching during the programme, and exposed a new important zone
approximately 500 metres west of the known Cuba Zone. This new zone was originally defined by combined soil and
geophysical anomalies. The trenches exposed approximately 40 metres of copper mineralization, including malachite, azurite,
and chalcopyrite.
A historic percussion drill hole drilled by Sego and located near the Northwest end of the discovery trench
assayed 0.2% copper and 0.1 grams/tonne gold over its entire length.
It is interesting to note that the rock geochemistry at the
percussion drill hole in the trench is similar to the drill hole assays. Two samples in the new 2018 trench ran greater than 10,000
ppm or 1% copper, which is the upper detection limit for the rock geochemistry, and all mineralized samples will be re-submitted
for fire assay. (See Table below and accompanying Map).
The Phase 2 2018 drilling and trenching programme was developed as the beginning of a much larger scale exploration
programme designed to expand and enhance mineralization at Sego's Miner Mountain Project. The results of the recent
trenching are being utilized by comparing geochemical and geophysical anomalies and alteration strengths on the newly
discovered zone to determine future targets property-wide. As a result of this data, several of Sego's known targets have been
upgraded to a much higher priority.
A mapping study by Ron Britten, PhD., P.Eng., has indicated that all of Sego's target areas are a confluence of multiple
overlapping features consistent with copper-gold alkaline porphyrys in British Columbia.
Diamond drill results on the Phase 2 2018 programme are pending and Sego expects to receive these assays within the next
two weeks.
Trench 103 Contiguous Samples Taken Over 2 Metre Intervals
Sample #
Trench #
Copper PPM
Copper % converted
Gold
PPM or
grams/tonne
Silver
PPM or
grams/tonne
A0024089
103
6912
0.69%
0.176
3.07
A0024090
103
9994
0.99%
0.204
4.21
A0024091
103
>10,000
>1%
0.218
7.93
A0024092
103
6874
0.69%
0.214
3.04
A0024093
103
5799
0.58%
0.240
1.64
A0024094
103
314
0.03%
0.015
0.15
A0024095
103
9774
0.98%
0.562
4.04
A0024098
103
>10,000
>1%
0.697
9.19
A0024099
103
7790
0.78%
0.301
3.19
A0024100
103
1735
0.17%
0.070
0.72
A0024351
103
152
0.02%
0.008
0.19
A0024352
103
2113
0.21%
0.023
0.48
A0024353
103
1156
0.12%
0.033
0.56
Remaining
Five
Samples
Anomalous
Trench 104 Contiguous Samples Taken Over 2 Metre Intervals
A0024360
104
1445
0.14%
0.014
0.34
A0024361
104
1106
0.11%
0.004
0.14
Remaining
Four
Samples
Anomalous
J Paul Stevenson, CEO, stated: "The trenching data indicators that enabled us to discover this new zone are being reviewed by
Sego so that we can apply what we've learned here to our past trenching results and to our other targets.
Already, we are seeing
excellent indicators on two of our other unexplored known targets. We eagerly anticipate our next stage of exploration."
This news release was reviewed and approved by Selina Tribe, Ph.D., P.Geo., a Qualified Person under NI 43-101.
Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British
Columbia. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by
Copper Mountain Mining Corporation and Mitsubishi Copper.
Sego has a Memorandum of Understanding with the Upper
Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of
Excellence for its reclamation work at Miner Mountain.
J. Paul Stevenson, CEO
Sego Resources Inc.
For investor & shareholder information, please contact:
MarketSmart Communications Inc.
Ph: +1 +1 877 261-4466
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority
has approved or disapproved the information contained in this news release.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in
this release, other than statements of historical facts, that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the Company expects are forward-looking statements.
Although the Company believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, the statements do not guarantee future performance and actual results or developments
may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially
from those in forward-looking statements include market prices, exploitation and exploration successes, continued
availability of capital and financing, general economic, market or business conditions. Investors are cautioned that
any such forward-looking statements are not guarantees of future performance and that actual results or
developments may differ materially from those projected in the forward-looking statements.
Miner Mountain Project
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