Sego drills 21 m of 1.17% Cu, 0.30 g/t Au at Miner Mtn

Jan 3, 2018

2018-01-03 12:06 ET – News Release

Mr. J. Paul Stevenson reports

SEGO RESOURCES DRILLING INTERSECTS FURTHER COPPER & GOLD MINERALIZATION AT MINER MOUNTAIN

Drilling at Sego Resources Inc.’s 100-per-cent-owned Miner Mountain copper-gold porphyry project has intersected further copper and gold mineralization at depth. A total 600 metres of diamond drilling was recently completed at the Cuba zone of Miner Mountain, located near Princeton, B.C., Canada.

Sego’s chief executive officer, J. Paul Stevenson, commented: “Sego’s recent drilling at the Cuba zone of Miner Mountain has returned copper, gold and silver grades that indicate the continuation of mineralization in this project area. We are excited by the new drill results because they show strong copper and gold mineralization was intersected in multiple zones at depth. The results also indicate a new area of alteration, including potassic alteration, which we will explore further in 2018.”

Cuba zone drilling

Assay results from two new diamond drill holes from Miner Mountain’s developing Cuba zone have returned copper and gold grades comparable with grades encountered in prior drill testing.

The first diamond drill hole logged as DD hole 17-29 (azimuth 333, dip negative 45, UTM 5484281N, 683909E) successfully intersected:

21 metres of 1.17 per cent copper, 0.30 gram per tonne gold and four g/t silver from 14 metres depth to 35 metres depth;
21 metres of 0.16 per cent copper, 0.51 g/t gold and 1.71 g/t silver from 77 m depth to 98 m depth.

DD hole 17-29 was specifically drilled to establish width with respect to the prior successful vertical diamond drill hole 21-12 which intersected 100.4 m of 0.95 per cent copper, 0.55 g/t gold and 3.48 g/t silver (see Sego news release of March 12, 2012), and to explore to the northwest.

The second diamond drill hole logged as DD hole 17-30 (azimuth 180, dip negative 65, UTM 5484309N, 683996E) successfully intersected:

18 m of 0.29 per cent copper, 0.36 g/t gold, 3.0 g/t silver from 113 m depth to 131 m depth;
105 m of 0.31 per cent copper, 0.08 g/t gold and 2.29 g/t silver from 164 m depth to 269 m depth, including:
- 18 m of 0.50 per cent copper, 0.28 g/t gold, 3.17 g/t silver from 167 m to 185 m;
- 21 m of 0.6 per cent copper, 0.03 g/t gold, 1.6 g/t silver from 248 m to 269 m.

DD hole 17-30 was positioned 150 m to the east of DDH-17-29, and targeted to the south of previous drilling in order to test for copper-gold porphyry mineralization in this new area.

Sego Resources is planning further extensive drilling to commence in the first quarter of 2018. Future drilling is planned to locate the primary copper-gold-mineralizing heat source, and to prove consistent copper-gold grades for a resource calculation, particularly in the new area near DDH 17-30 located to the south of previous drilling. The company’s aim is to outline a bulk tonnage copper-gold porphyry deposit at Miner Mountain to maximize shareholder value.

This news release was reviewed and approved by Selina Tribe, PhD, PGeo, a qualified person under National Instrument 43-101. Sego is the 100-per-cent owner 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 located 15 kilometres north of the Copper Mountain mine operated by Copper Mountain Mining Corp. and Mitsubishi Materials Corp. Sego has a memorandum of understanding with the Upper Similkameen Indian Band, on whose traditional territory the Miner Mountain project is situated.

We seek Safe Harbor.

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