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Sego Resources Inc.
Summary
| Project: | Miner Mountain | |
|---|---|---|
| Deposit: | Miner Mountain | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 9/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-9-2018: Sego Resources Inc. announces an Exploration/Drilling Update report for its Miner Mountain deposit at the Miner Mountain project. Drilling results incl. 57m @ 0.26% Cu, 0.03g/t Au, 0.79g/t Ag from 0m. Vancouver, British Columbia--(Newsfile Corp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Selina Tribe (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 17, 2018) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or the "Company") is pleased to announce diamond drill results from a Phase 1 diamond drilling program completed in the summer of 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. The purpose of this programme was to determine the continuity, extent, and direction of previously understood mineralized fault systems, which are assumed to run in an east-west direction. An east-west line of diamond drill holes (please see Figure 1) was drilled to determine mineralized fault directions and to locate the south edge of the Cuba Zone IP chargeability anomaly. A handheld X-Ray Florurescence Gun ("XRF gun") was used to guide the drilling team. Samples were assayed and double-checked by fire assay at MS Analytical Labs in Langley, BC. The results are shown in Table 1 below. Diamond drill hole coordinates and orientation are also provided in Table 2 and Figures 2 and 3 below. Summer 2018 drill results showed the presence of copper mineralization continuing all the way to the south edge of the IP chargeability high. Of particular and significant interest is the presence of meaningfully elevated gold values within the IP chargeability zone. Of significance also, the copper and gold mineralization was confirmed to be controlled by numerous geological faults. Of great interest, gold mineralization occurred right near surface, which was positive but also occurred deeper within the chargeability zone in DDH-MM-18-32. For example, this drill hole, DDH-MM-18-32, revealed from 0 to 26 metres, 0.53 grams per tonne gold and also from 35 to 50 metres revealed 0.45 grams per tonne gold. There were also copper and silver associated with these intervals. In addition, at and below core depth of 107 metres (approximately 60 metres below surface) copper assays yielded 6 metres of 0.40% Copper with gold and silver and also 3 metres of 0.865% copper with gold and silver values (please see Table 1). DDH-MM-18-34 also showed the extension of the mineralized faults. Pointing to this, at a core depth of 206 m to 263 m, or for 57 metres (approximately 100 to 140 metres below surface), copper grades of 0.26% including 21 metres of 0.38% were discovered along with gold and silver values. Also at a core depth of 278 m to 296 m, or for 18 metres (approximately 150 to 200 metres below surface), copper grades of 0.56% Cu, including 3 metres of 0.77% Cu, were discovered along with gold and silver values (please see Table 1 below). | |
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