Sego Will Commence a Drill Program on
Sego Will Commence a Drill Program on April
14, 2021 at the Southern Gold Zone at the
Miner Mountain Project, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2021) -
Sego Resources Inc. (TSXV: SGZ)
("Sego" or "the Company")
is pleased to announce the start of a drill program in the Southern Gold
Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC.
The Southern Gold Zone
is an intrusion disseminated hosted gold zone discovered during the Company's 2020 field program
(See NR July 7, 2020).
Sampling Highlights of Previous Trenching in the Southern Gold Zone
62 meters (m) grading 0.65 grams per tonne (g/t) gold from 60.5m in trench MM20TR105,
including:
30m grading 1.02 g/t gold from 84.5m, and
2m grading 8.76 g/t gold from 112.5m
40m 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.
Figure 1
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Figure 2
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Maps are available in news release at
www.segoresources.com
CEO J. Paul Stevenson comments,
"The Southern Gold Zone expansion is an exciting development
at Miner Mountain where mechanical trenching has defined an at least 150 x 200m zone of
mineralization that has been extended to the Northwest and confirmed in chip sampling of
surrounding outcrops. A diamond drill program is now confirmed to explore this new promising zone
on the Miner Mountain Project."
The drill program will commence with holes A and B as shown in the figures.
Depending on drill results
holes C and D will be collared ~75m either side and sub-parallel to holes A and B to cross the entire
Southern Gold Zone.
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 and perhaps copper mineralization at depth.
The zone is almost entirely covered by a thin veneer of till cover.
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.
The Southern Gold Zone primarily hosted in diorite is located on the
margin of a magnetic high anomaly
that extends ~ 250m southeast beneath the sediments to the south.
The Miner Mountain Project combines alkalic porphyry copper-gold mineralization in the Cuba and other
zones and the unusual gold mineralization in the Southern Gold Zone.
The Cuba Zone mineralization and
alteration suggests a shallow expression of an alkalic porphyry copper-gold deposit and requires
additional deep drilling.
The Southern Gold Zone contains elevated Au but low Cu values which may
represent the outer and shallower mineralized portion of a deeper porphyry copper-gold target that is not
exposed.
This news release was reviewed and approved by Ron Britten, Ph.D., P.Eng., 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
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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