Sego Exposes 30m of 1.02 g/t Gold in Trenches Within the 150 X 200m Southern Gold Zone at Miner Mountain Project, British Columbia
Sego Exposes 30m of 1.02 g/t Gold in
Trenches Within the 150 X 200m Southern
Gold Zone at Miner Mountain Project, British
Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2020) - Sego Resources Inc. (TSXV: SGZ)
("Sego" or "the Company") is pleased to announce the delineation of a large zone of gold mineralization
completed during a trenching program at the Miner Mountain Porphyry Copper-Gold project near
Princeton, BC.
Sampling Highlights
62 meters (m) grading 0.65 grams per tonne (g/t) gold from 60.5m in trench MM20TR105.
Including:
30 m grading 1.02 g/t gold from 84.5m, and
2 m grading 8.76 g/t gold from 112.5m
40 m grading 0.31 g/t gold from 31.6m in trench MM20TR109.
The interval includes 8.7m of
unsampled overburden that was assigned a grade of 0 g/t for compositing. The interval is open to
the south.
CEO J. Paul Stevenson comments,
"The Southern Gold Zone expansion is an exciting development
at Miner Mountain where mechanical trenching has defined a 150 x 200m zone of mineralization that
remains wide open to the northeast and southwest.
The company is currently drilling copper-gold
targets on the project and will complete additional trenching to define the full extent of the Southern
Gold Zone prior to drilling."
Southern Gold Zone details
Southern Gold Zone is a significant geochemical anomaly identified in soil sampling and historical trench
results that indicated potential for a broader zone of gold mineralization.
The zone is almost entirely
covered by a thin veneer of till cover and recent mechanical trenching was designed to cross the
apparent northeast trend of the mineralization evident in sparce mapping and sampling.
The results of
five trenches are released below and additional results are pending.
Figure 1:
Plan map of trenches completed in the Southern Gold Zone with significant gold grades
posted in the intervals. (* refers to intervals that include unsampled overburden that was assigned a
grade of 0 g/t for compositing - see Table 1).
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/1056/59245_6aa5a7c76480caaa_002full.jpg
Trenches in 2020 have exposed a 150 by 200m zone of mineralization that contains multiple 10 to 125.5
metre long intervals of 0.19 to 1.02 g/t gold (Figure 1, Table 1).
The zone is open to the northeast and
southwest.
Gold mineralization is associated with a broad band of pervasive chlorite-calcite-sericite assemblages,
lesser potassium feldspar, epidote and albite alteration with finely disseminated pyrite and traces of
chalcopyrite with rare oxidized intervals. The mineralization is mainly hosted in fine-grained diorite and
andesitic volcaniclastic rocks in fault contact with sediments to the south.
This fault truncates
mineralization to the southeast.
Trench
From
To
Interval
(m)
Au
(g/t)
Cu
(%)
Comment
MM20TR105
20.0
30.0
10.0
0.40
-
and
60.5
186.0
125.5
0.39*
-
*Includes 47m
of o/b
assigned no
grade
Incl.
60.5
122.5
62.0
0.65
-
Incl.
84.5
114.5
30.0
1.02
-
Incl.
112.5
114.5
2.0
8.76
-
MM20TR106
9.0
43.0
34.0
0.19
-
and
100.0
124.0
24.0
0.26*
-
*Includes 10m
of o/b
assigned no
grade
Incl.
110.0
120.0
10.0
0.37
-
41.5
42.4
0.9
6.69
-
select grab
sample
MM20TR107
n/a
n/a
6.0
0.01
0.37
Trench located
300m
north of Figure
1
n/a
n/a
4.0
1.02
0.58
MM20TR108
No Significant Intersection
Trench located
395m
north of Figure
1
MM20TR109
31.6
71.6
40.0
0.31*
-
*Includes 8.7m
of o/b
assigned no
grade
Table 1:
Significant intervals from trenches at the Southern Gold Zone at the Miner Mountain project.
Intervals covered by overburden (o/b) were not sampled and were assigned no grade for compositing.
Drilling Update
Drilling is underway at the Miner Mountain project with hole MM-42 completed at 663.55 m depth.
Hole
MM-42 was designed to test deep beneath the western end of the Cuba Zone and intersected broad
alteration in the upper part of the hole before intersecting a post mineral fault that appears to offset the
Cuba mineralization at depth.
The current hole MM-43 will test the relatively new Empress target located approximately 240 m north of
the Cuba Zone trend.
Logging, cutting and sampling for analysis are in progress.
Quality Assurance / Quality Control
Drill core and rock samples were shipped to MSALABS in Langley, BC for sample preparation and
analysis.
MSALABS is ISO/IEC 17025 and ISO 9001 certified.
Samples were analyzed using an aqua
regia digestion with an ICP finish.
Control samples comprising certified reference samples and blank samples were systematically
inserted into the sample stream and analyzed as part of the Company's quality assurance / quality
control protocol.
Qualified Person
This news release was reviewed and approved by Selina Tribe, Ph.D., P.Geo., a Qualified Person under
NI 43-101.
About the Project
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.
For further information please contact:
J. Paul Stevenson
, CEO (604) 682-2933
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 release includes certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statement of historical facts that address future production,
reserve potential, exploration drilling, exploitation activities and events or developments that the
Company expects re forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, statements are
not guarantees of 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 statements are not guarantees of future performance and those
actual results or developments may differ materially from those projected in the forward-looking
statements.
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