October 10, 2017
Sego Resources inc. diamond drilling program on Princeton copper-gold porphyry to start
Sego Resources Inc. (“Sego” or “the Company”) (TSX-V: SGZ)
Sego Resources Inc. (“Sego” or “the Company”) (TSX-V: SGZ) will start a diamond drill program on the Cuba Zone of its Miner Mountain Copper-Gold Porphyry Project near Princeton, BC on October 17, 2017.
The drilling is planned with an initial two diamond drill holes totalling 600 metres, with a goal of extending diamond drill holes 21 and 28 both laterally and at depth (see drill hole assays from this area below). Sego geologists use handheld XRF devices to gain real-time estimates of mineralization in the freshly-returned drill core. Based on the XRF results, Sego will extend the depths of any holes that continue to show mineralization down-hole. Further diamond drilling will be planned based on the information gained.
The previous drill holes in this area were announced March 12, 2012 and are as follows:
The assay results from west to east:
- DDH 21 from 10.06m to 110.45m, 100.39m of 0.946% Cu, 0.55 g/t Au, 3.473 g/t Ag Including from 10.06 to 45.11m, 35.05m of 2.457% Cu, 1.35 g/t Au, 8.896 g/t Ag; (Twin of PDH 9 from 12 to 64 m, 1.264% Cu, 1.061 g/t Au, 3.79 g/t Ag)
- DDH 23 from 43.5m to 74.98m, 31.48m of 0.172% Cu, 0.228 g/t Au, 0.619 g/t Ag Including from 62.79m to 74.98m, 12.19m of 0.3 % Cu, 0.469 g/t Au, 0.951 g/t Ag; (Twin of PDH 02 from 60 to 70 m, 0.355% Cu, 0.446 g/t Au, 1.2 g/t Ag)
- DDH 24 from 11.58 to 139.6m, 128.02m of 0.344% Cu, 0.296 g/t Au, 0.975 g/t Ag Including from 42.06m to 84.73m, 42.67m of 0.737% Cu, 0.751 g/t Au, 1.57g/t Ag; (Twin of PDH 77 from 38 to 93m, 54m of 0.342% Cu with 0.473 g/t Au)
- DDH 25 from 11.28m to 17.37m, 5.99m of 1.372% Cu, 0.677 g/t Au; (Twin of PDH 94 from 18 to 100m, 82m of 1.006% Cu, 0.576 g/t Au, 1.69 g/t Ag)
- DDH 26 from 17.37m to 29.57m, 12.2m of 1.163% Cu, 0.759 g/t Au; (Twin of PDH 94 from 18 to 100m, 82m of 1.006% Cu, 0.576 g/t Au, 1.69 g/t Ag)
- DDH 27 from 8.23 to 96.62m, 88.39m of 0.222% Cu, 0.192 g/t Au, 0.428 g/t Ag Including from 60.05 to 78.33m, 18.28m of 0.546% Cu, 0.339 g/t Au, 0.733 g/t Ag;
- DDH 28 from 7.62 to 77.12m, 69.5m of 0.257% Cu, 0.193 g/t Au, 0.644 g/t Ag Including from 38.1 to 62.48, 24.38m of 0.451% Cu, 0.32 g/t Au, 0.9 g/t Ag. Final two intervals of DDH 28 from 199.64m to 205.74m are 3m of 4233 ppm Cu, 117.9 ppb Au, and 3m of 5890 ppm Cu with 259 ppb Au, respectively.
Core logging has indicated the presence of a large package of highly altered Nicola group volcanics (flows and tuffs) to a depth of 300 metres. Alteration varies in intensity from whole rock replacement to lightly altered rock with preserved textures. Alteration styles identified in hand specimen, included potassic, albitic, and propylitic, which have also been identified in thin section from previous drilling. Overprinting all is gypsum-albite-calcite-pyrite in a late stage event which crosscuts all other alteration/mineralization. Mineralization ranges from chalcopyrite-bornite ±pyrite to chalcopyrite-pyrite, to pyrite only. At the highest grades, chalcopyrite and bornite occur in fine grained net-textured to massive disseminations throughout the rock, at lower grades they preferentially replace the mafic minerals in volcanics. Notably the highest grade material is closer to surface in most drill holes. Pyrite is ubiquitous outside the highest grade material, occurring with chalcopyrite in veins, as fracture fillings as replacements of mafic minerals or as fine grained disseminations. In the gypsum-calcite-albite phase described above the amount of pyrite can be over 10% in select intervals. The drilling indicates that mineralization remains open in all directions. Further work will look to expand the near surface mineralization, and to explore below the current level of drilling where alteration/geophysics suggests a large target remains to be tested.
The Miner Mountain Project is an extensive alkalic copper-gold porphyry system near Princeton, BC. The ease of access and limited snowfall has made winter drilling possible in previous drill campaigns conducted by Sego. Sego has a 5 year area-based permit and an excellent working relationship with the local community and First Nations
This News Release was reviewed and approved by V.A. Preto Ph.D., P. Eng. and Selina Tribe, Ph.D., P.Geo. Qualified Persons under NI 43 -101.
For further information please contact:J. Paul Stevenson, CEO (604) 682-2933
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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.