Sego Resources Inc. Initiates 2015 Exploration Program at
Sego Resources Inc. (the Company) is pleased to announce it has begun preliminary work for the 2015 Exploration Program at Miner Mountain, near Princeton, BC. The Company's geologic understanding of the project area benefitted from a two-year study recently completed by the BC Geological Survey. Results and geologic maps of the Miner Mountain/Princeton area were published in 2013 and 2014 by the BC Geological Survey (Mihalynuk et al 2013, 2014) and are available under GeoFile 2015-2 on the BC Geological Survey website.
Alkalic Copper/Gold Porphyry Project
Sego's 2015 Exploration Program is starting with a review of the diamond drill core and evaluation of the new geological information. The Company initiated a review of the diamond drill core obtained from the central target in the project, referred to in reports and news releases as the Granby-Cuba-Regal zone. Sego has engaged two geologists, Sean Daly, M.Eng., P.Geo., and Konstantin Lesnikov, P.Geo., to re-log several drill holes in this zone utilizing the recent geological information published by the BC Geological Survey study on the Miner Mountain/Princeton area.
The Granby-Cuba- Regal Zone contains three of eight targets identified by geophysical surveys as reported by Dr. Jules J. Lajoie, PhD., P.Eng., former Chief Geophysicist of Cominco, Teck-Cominco and Teck Resources in his Report to Sego titled, ``Titan 24 Re Processing, Heli Magnetics and Radiometrics Interpretation`` (See News Release June 28, 2013). The report is available on the company’s website www.segoresources.com.
J. Paul Stevenson, CEO of Sego states: “Our plan for the 2015 season is to update our understanding of the property geology with the new mapping put out by the BC Geological Survey. We want to continue to test for continuity of copper-gold mineralization below the current known depths and to the north. Considering the style of alkalic copper-gold porphyries in the Nicola Belt, we recognize the large role that structure can play in continuity of mineralization. To that end we are also considering additional work and analysis to ascertain the structure and alteration of the Granby-Cuba zone."
The results of the Company's study will be released when the review is complete.
This News Release was reviewed and approved by Selina Tribe, Ph.D., P.Geo. A Qualified Person under NI 43 -101.
For more information please contact:
J. Paul Stevenson, CEO
SEGO Resources Inc.
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The property is 2,056.54 hectares in size and 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, in whose Traditional Territory the Miner Mountain Project is situated. Sego holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain.
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 SEGO Resources Inc. expects are forward-looking statements. Although SEGO Resources Inc. 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 that actual results or developments may differ materially from those projected in the forward-looking statements.