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Sego Resources Inc.
Summary
| Project: | Miner Mountain | |
|---|---|---|
| Deposit: | Miner Mountain | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 2/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2019: Sego Resources Inc. announces an Exploration/Drilling Update report for its Miner Mountain deposit at the Miner Mountain project. Drilling results incl. 11.2m @ 0.60% Cu, 0.12g/t Au. Vancouver, British Columbia--(Newsfile Corp. - February 28, 2 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Selina Tribe (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - February 28, 2019) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or the "Company") is pleased to announce assay results from its Phase 2 2018 drilling programme completed December 4, 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, with 26 metres of particularly elevated grade, up to 1.63% copper, 0.24 grams/tonne gold. Please see news release February 4, 2019 DDH-37 was collared to the southwest of the Cuba Zone to test a ~200 meter interval between holes DDH-33 and DDH-34. Relatively weakly altered red-maroon volcaniclastics and minor sediments were intersected at the top of the hole and were intercalated with green volcaniclastics and massive andesites to 212 meters depth. At this point the drill hole penetrated a narrow fault and entered a strong variable pervasive, patchy to brecciated k-feldspar-chlorite-calcite alteration of andesitic volcaniclastic and associated disseminated pyrite and chalcopyrite and local fillings of magnetite-chalcopyrite-pyrite to the end of the hole at 233 meters. This interval grades range from 0.30 to 1.73 % Cu and averages 0.60% copper, 0.12 grams/tonne gold, 1.23 grams/tonne silver over 11.2 meters. Diamond drill hole 37 bottomed in 0.26% copper. The end of DDH-37 appears to have intersected the southwest margin of the Cuba Zone. Petrographic examination of several samples from this interval will aid future trench and deep drilling in this portion of the Cuba Zone. Diamond drill holes 38 and 39 were drilled to the south to check the western edge of the Shisler IP target but did not pierce the overlying maroon volcanics. Diamond Drill Hole 40 drilled near the eastern end of the Cuba zone encountered anomalous copper (.1% copper-.24% copper) over 27 metres.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 and the petrographic studies underway are being utilized to determine future targets property-wide and targeting the best mineralized area of the Cuba Zone. As a result of this data, several of Sego's known targets have been upgraded to a much higher priority. | |
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