Sego Resources Plans Immediate Phase II Drilling to Expand Its Known Mineralized Zones
Sego Resources Plans Immediate Phase II Drilling to
Expand Its Known Mineralized Zones
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018) -
Sego Resources Inc. (TSXV: SGZ) ("Sego" or the
"Company") is very pleased to announce that an additional 2018 diamond drilling programme will resume on November 10,
2018 at its 100% owned Miner Mountain Copper-Gold Porphyry Project, near Princeton, British Columbia, Canada.
Sego
expects to drill approximately 1,000 metres in this Phase II-2018 drilling.
The start of the Phase II drilling in 2018 was somewhat delayed because Sego's new Phase II-2018 targets were determined
more precisely as a result of new geological mapping and interpretations.
The Company recognized that the geology
encountered in the Phase I-2018 drilling programme necessitated more detailed interpretation and reassessment of rock types
than were identified on the widely-accepted published general geological maps of the area.
As a result of scientific knowledge gained from the earlier Phase I-2018 drilling programme, Sego commenced a detailed
revised mapping programme to understand the opportunities of the Miner Mountain system within the Nicola volcanic
environment.
This detailed mapping programme consisted of
new mapping by Ron Britten PhD, P.Eng., who collected over 150
rock samples, which he slabbed and personally examined in the field.
In addition to the field work, eleven (11) samples were further examined utilizing a potassium feldspar staining method and a
microscopic thin section study, which revealed local strong albite and potassium feldspar pervasive alteration, microdiorite
intrusive rock, and quartz feldspar porphyry intrusive rock on the property.
The recognized albite-chalcopyrite-bornite and
potassium feldspar-chalcopyrite-bornite samples
were taken from diamond hole 34 at 234.8 and 285.6 metres depth,
respectively, which was drilled during the Phase I-2018 programme.
This new mapping and laboratory work shows that the Cuba
Zone mineralization previously encountered at Miner Mountain may be interpreted as an apophysis of a larger alkalic porphyry
system.
The results from these studies identified both (a) a microdiorite intrusive rock, and (b) a quartz feldspar porphyry intrusive, in the
area of our planned Phase II-2018 drilling programme.
The mineralization in the Cuba Zone extends southeast towards the new Phase II-2018 target area.
The Phase II-2018 target
encloses the shoulder of a broad chargeability high and porphyritic intrusions on the edges of that target area.
The extrapolation
of structures from the Phase I-2018 programme to the Phase II-2018 target area, along with the indications of intrusions could be
interpreted to be the peripheral signature of a porphyry system that is covered by overburden.
Sego will be drilling into the Phase II-2018 target area and explore the Induced Polarization high chargeability zone, which is
approximately 750 metres by 300 metres in area.
J. Paul Stevenson, CEO of Sego, noted that:
"The new identification of a quartz feldspar porphyry intrusive on the edge of a
known IP chargeability high that is co-incident with a magnetic low, is very exciting to Sego.
In particular, Sego sees new exciting
progress when we extrapolate the structures and mineralization found in our Phase I-2018 drilling program and all of the
accumulated successful work done by Sego in previous years."
A copy of the thin section photos and explanation can be found on the Sego Resources website:
www.segoresources.com
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 statement
s
of historical facts
,
that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the Company expects
a
re 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
actua
l
results or
developments may differ materially from those projected in the forward-looking statements.