| Sego Plans Further Drilling at the Miner Mountain Copper-Gold Porphyry Project; Announces Private Placement of Units | |
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Vancouver, British Columbia--(Newsfile Corp. - February 8, 2018) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that it will be mobilizing a crew in preparation for the 2018 diamond drill program at the Miner Mountain Project located 15 kilometres from the Copper Mountain Mine near Princeton, BC. In light of the successful diamond drilling in 2017 (21 metres of 1.17% Copper, 0.30 g/t Gold and 4 g/t Silver, and 105 metres of 0.31% Copper, 0.08 g/t Gold and 2.29 g/t Silver. See January 3, 2018 News Release) and after a full data review by Sego's technical team, drill sites have been chosen for the next stage of drilling. Diamond drilling is being planned for Q-1 of 2018 and a crew will be mobilized to lay out the new drill sites. The next phase of drilling will be to extend the drilling on section with diamond drill holes 29 and 30 with the goal of developing a resource along the south flank of the Cuba Zone. The Cuba Zone is a large IP anomaly with a surface expression of 1,000 metres by 200 metres. Sego Resources Miner Mountain project has the benefit of deep IP, airborne magnetic and LIDAR surveys, percussion drilling, and diamond drilling. In addition to the Cuba Zone, there are also numerous other IP and Mag targets on the Miner Mountain Project. Upon reviewing available survey results, former Teck Resources Ltd. Chief Geophysicist Jules Lajoie, Ph.D., P.Eng., FEC, concluded: "The map displays numerous magnetic anomalies, highs and lows, and along with strong evidence of structural disturbance (faulting), it shows a setting permissive for multiple intrusions and clustering of alkalic Cu-Au deposits." (Full report is available on Sego's website)
A total of 7 additional targets can be seen on Dr. Lajoie's map below: |
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Sego Resources Inc. is based in Canada. Sego Resources Inc. is listed in Canada. Its market capitalisation is CA$ 2.3 millions as of today (US$ 1.7 millions, € 1.6 millions). Its stock quote reached its highest recent level on March 16, 2012 at CA$ 0.36, and its lowest recent point on February 12, 2016 at CA$ 0.01. Sego Resources Inc. has 76 060 000 shares outstanding. |