Mining

Sego Resources Initiates Fall Exploration on the Southern Gold Zone at Miner Mountain Porphyry Copper-Gold Project

sego resources initiates fall exploration on the southern gold zone at miner mountain porphyry copper gold project

Vancouver, British Columbia–(Newsfile Corp. – September 10, 2020) – Sego Resources Inc. (TSXV: SGZ) (“Sego” or “the Company”) is pleased to announce the start of the 2020 Fall exploration program at the Southern Gold Zone at Miner Mountain. The program will involve mapping and sampling followed by trenching with a goal to enhance drill targets in the Southern Gold Zone.

CEO J. Paul Stevenson comments, “We are keen to advance this exciting area of the Miner Mountain Project.”

At the Southern Gold Zone initial trenching completed in the Spring 2020 program indicated gold mineralization in diorite and microdiorite beneath the shallow till cover (see News Release July 7, 2020). Highlights of the discovery area include:

  • 62 meters (m) grading 0.65 grams per tonne (g/t) gold from 60.5m in trench MM20TR105. Including:
    • 30 m grading 1.02 g/t gold from 84.5 m, and
    • 2 m grading 8.76 g/t gold from 112.5 m
  • 40 meters (m) grading 0.31 g/t gold from 31.6m in trench MM20TR109. The interval includes:
    • 8.7 m of unsampled overburden that was assigned a grade of 0 g/t for compositing. The interval is open to the south.

There is no material change about the issuer that has not been generally disclosed.

This news release was reviewed and approved by Selina Tribe, Ph.D., P.Geo., a Qualified Person under NI 43-101.

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.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933

For investor & shareholder information, please contact:

MarketSmart Communications Inc.
Ph: +1 +1 877 261-4466
Email: info@marketsmart.ca

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63540

Source : miningstockeducation.com

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