Greater Than 1% Copper on Sego’s Miner Mountain Project
Sego Resources Inc. (“Sego” or “the Company”) (TSX-V: SGZ)
Vancouver, British Columbia, January 28, 2019 – Sego Resources Inc. (“Sego” or the “Company”) is pleased to announce geochemical results from its Phase 2 2018 trenching programme completed December 04, 2018 at the Company’s Miner Mountain project. Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project located near Princeton, British Columbia.
In addition to drilling, Sego excavated 100 meters of trenching during the programme, and exposed a new important zone approximately 500 metres west of the known Cuba Zone. This new zone was originally defined by combined soil and geophysical anomalies. The trenches exposed approximately 40 metres of copper mineralization, including malachite, azurite, and chalcopyrite. A historic percussion drill hole drilled by Sego and located near the Northwest end of the discovery trench assayed 0.2% copper and 0.1 grams/tonne gold over its entire length. It is interesting to note that the rock geochemistry at the percussion drill hole in the trench is similar to the drill hole assays. Two samples in the new 2018 trench ran greater than 10,000 ppm or 1% copper, which is the upper detection limit for the rock geochemistry, and all mineralized samples will be re-submitted for fire assay. (See Table below and accompanying Map).
The Phase 2 2018 drilling and trenching programme was developed as the beginning of a much larger scale exploration programme designed to expand and enhance mineralization at Sego’s Miner Mountain Project. The results of the recent trenching are being utilized by comparing geochemical and geophysical anomalies and alteration strengths on the newly discovered zone to determine future targets property-wide. As a result of this data, several of Sego’s known targets have been upgraded to a much higher priority.
A mapping study by Ron Britten, PhD., P.Eng., has indicated that all of Sego’s target areas are a confluence of multiple overlapping features consistent with copper-gold alkaline porphyrys in British Columbia.
Diamond drill results on the Phase 2 2018 programme are pending and Sego expects to receive these assays within the next two weeks.
Trench 103 Contiguous Samples Taken Over 2 Metre Intervals
|Sample #||Trench #||Copper PPM||Copper % converted||Gold PPM or grams/tonne||Silver PPM or grams/tonne|
Trench 104 Contiguous Samples Taken Over 2 Metre Intervals
J Paul Stevenson, CEO, stated: “The trenching data indicators that enabled us to discover this new zone are being reviewed by Sego so that we can apply what we’ve learned here to our past trenching results and to our other targets. Already, we are seeing excellent indicators on two of our other unexplored known targets. We eagerly anticipate our next stage of exploration.”
This news release was reviewed and approved by Selina Tribe, Ph.D., P.Geo., a Qualified Person under NI 43-101.
ABOUT 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 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.
Paul Stevenson, CEO
Sego Resources Inc.
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This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are 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 actual results or developments may differ materially from those projected in the forward-looking statements.