March 8, 2017
New Five Year Permit Submitted, Drill Contractor Engaged
Sego Resources Inc. (“Sego” or “the Company”) (TSX-V: SGZ)
Sego Resources Inc. (“Sego” or “the Company”) (TSX-V: SGZ) is pleased to announce that the Company has submitted a new Five Year Area Based Exploration Permit Application with support from local First Nations and the land holder. The new permit will allow the Company to explore the Miner Mountain Project, near Princeton, B.C., for five years without additional permitting delays. Sego reclaims all land disturbances immediately and has received an Award of Excellence for Best Reclamation – Mining Exploration for its reclamation work at Miner Mountain. The Company believes that with this history and the support of First Nations and interested stakeholders the Permit Application will not be unduly delayed.
Sego has engaged More Core Drilling for the diamond drilling and plans are in place to begin the 2017 program immediately after break-up (late March-early April). An initial 2-4 drill holes are planned (dependent on depth drilled). Drill sites have been selected to extend the area of significant alteration and Copper-Gold mineralization outlined in 2012 where hole DDH-12-21 (-90) encountered 100m of 0.95% copper, 0.55grams/tonne gold and hole DDH-12-28 (azimuth 120 @ -45) bottomed in 3m of 0.6% copper, 0.3 grams/tonne gold (see NR March 12, 2012). The 2017 program is designed to extend the above intersections laterally and at depth.
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, on whose Traditional Territory the Miner Mountain Project is situated.
A brief video update is available below:
This News Release was reviewed and approved by Selina Tribe, Ph.D., P.Geo., and Vic Preto, Ph.D.,P.Eng. Qualified Persons under NI 43 -101.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.