Sego trenches two samples over 10,000 ppm Cu at Miner

Jan 29, 2019

2019-01-28 13:30 ET – News Release

Mr. J. Stevenson reports

GREATER THAN 1% COPPER ON SEGO’S MINER MOUNTAIN PROJECT

Sego Resources Inc. has received geochemical results from phase 2 of its 2018 trenching program, completed Dec. 4, 2018, at the company’s Miner Mountain project. Sego has 100-per-cent ownership of the Miner Mountain project, an alkalic copper-gold porphyry exploration project, located near Princeton, B.C.

In addition to drilling, Sego excavated 100 metres of trenching during the program 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. A historic percussion drill hole, drilled by Sego and located near the northwest end of the discovery trench, assayed 0.2 per cent copper and 0.1 g/t gold over its entire length. It is interesting to note that the rock geochemistry at the percussion drill hole in the trench is similar to the drill hole assays. Two samples in the new 2018 trench ran greater than 10,000 ppm (parts per million), or 1 per cent, copper, which is the upper detection limit for the rock geochemistry, and all mineralized samples will be resubmitted for fire assay.

Phase 2 of the 2018 drilling and trenching program was developed as the beginning of a much larger-scale exploration program, designed to expand and enhance mineralization at Sego’s Miner Mountain project. The results of the recent trenching are being utilized by comparing geochemical and geophysical anomalies and alteration strengths on the newly discovered zone to determine future targets property wide. As a result of this data, several of Sego’s known targets have been upgraded to a much higher priority.

A mapping study by Ron Britten, doctor of philisophy, professional engineer, has indicated that all of Sego’s target areas are a confluence of multiple overlapping features, consistent with copper-gold alkaline porphyrys in British Columbia.

Diamond drill results on phase 2 of the 2018 program are pending and Sego expects to receive these assays within the next two weeks.

             TRENCH 103 -- CONTIGUOUS SAMPLES TAKEN OVER TWO-METRE INTERVALS

Sample       Trench         Copper           Copper              Gold            Silver
No.              No.          (ppm)     % converted       (ppm or g/t)      (ppm or g/t)

A0024089        103          6,912             0.69%            0.176              3.07
A0024090        103          9,994             0.99%            0.204              4.21
A0024091        103        >10,000               >1%            0.218              7.93
A0024092        103          6,874             0.69%            0.214              3.04
A0024093        103          5,799             0.58%            0.240              1.64
A0024094        103            314             0.03%            0.015              0.15
A0024095        103          9,774             0.98%            0.562              4.04
A0024098        103        >10,000               >1%            0.697              9.19
A0024099        103          7,790             0.78%            0.301              3.19
A0024100        103          1,735             0.17%            0.070              0.72
A0024351        103            152             0.02%            0.008              0.19
A0024352        103          2,113             0.21%            0.023              0.48
A0024353        103          1,156             0.12%            0.033              0.56

The remaining five samples are anomalous.

              TRENCH 104 -- CONTIGUOUS SAMPLES TAKEN OVER TWO-METRE INTERVALS

Sample       Trench         Copper           Copper              Gold            Silver
No.              No.          (ppm)     % converted       (ppm or g/t)      (ppm or g/t)

A0024360        104           1445             0.14%            0.014              0.34
A0024361        104           1106             0.11%            0.004              0.14

The remaining four samples are anomalous.

J. Paul Stevenson, chief executive officer, stated: “The trenching data indicators that enabled us to discover this new zone are being reviewed by Sego so that we can apply what we’ve learned here to our past trenching results and to our other targets. Already, we are seeing excellent indicators on two of our other unexplored known targets. We eagerly anticipate our next stage of exploration.”

This news release was reviewed and approved by Selina Tribe, doctor of philosophy, professional geoscientist, a qualified person under National Instrument 43-101.

Sego has 100-per-cent ownership of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, B.C. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain mine, operated by Copper Mountain Mining Corp. 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.

We seek Safe Harbor.

https://www.segoresources.com/category/rns/