Elevated Grades and Porphyry Alteration with Grade at Depth
Sego Resources Inc. (the Company)(TSX.V:SGZ) is pleased to announce it has completed re-logging key drill core 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.
Re-logging several holes in the Cuba Zone has confirmed the quality of original work and has revealed an apparent thickening of the near surface mineralization discovered in DDH 21 ((100 metres of 0.95% copper, 0.55 grams/tonne gold, 3.47 grams/tonne silver). This zone is extremely altered and may be Diorite. The zone appears to thicken to the Northwest providing targets for future drilling. The well mineralized zone appears to be cut off by a post-mineral fault and may be offset.
At the bottom of DDH-28 the drilling encountered a second zone of mineralization consisting of Nicola Group volcanics with strong porphyry style alteration (magnetite, potassium feldspar) and excellent grade. The final two assays at 202.69 metres, 0.42% Copper, 0.16 grams/tonne Gold and at 205.74 metres, 0.62% Copper, 0.22 g/tonne Gold are at a vertical depth of 120 metres. This mineralization lies over 100 metres east of the mineralization in DDH-21. Extending this zone is also a future drill target.
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 going forward for the 2015 season is to raise funds to continue drilling both of these targets. We want to continue to test for continuity of copper-gold mineralization below the current known depths of the porphyry style mineralization and extend the near surface higher grade zone to the north and northwest. 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."
This News Release was reviewed and approved by Selina Tribe, Ph.D., P.Geo. A Qualified Person under NI 43 -101.
J. Paul Stevenson, CEO
SEGO Resources Inc.
604 682 2933
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.