Sego Resources finds drill target at Miner Mountain

Nov 28, 2019

2019-11-28 07:24 ET – News Release

Mr. J. Paul Stevenson reports

HIGH-GRADE PORPHYRY IDENTIFIED AT CUBA ZONE GENERATES ANOTHER NEW DRILL TARGET AT THE MINER MOUNTAIN PROJECT, BRITISH COLUMBIA

Another drill target has been identified at Sego Resources Inc.’s Miner Mountain. A re-evaluation of drill core from the Cuba zone identified a high-grade porphyry with local zones of 1 to 2 per cent copper and 0.5 gram per tonne gold that has been pervasively overprinted by later grade- destructive alteration. The porphyry is open beneath the level of current drilling and the destructive alteration is expected to be restricted to shallower levels based on similar alteration at alkalic porphyry deposits including New Afton (Tolman and Lipske, 2016) and Cadia East (Wilson, 2003).

This target was generated during a review of the property and its potential, undertaken by the company in conjunction with consultant Dr. Alan Wilson, an expert in alkalic porphyry deposits who completed his PhD on the Cadia deposit in Australia and was recently the international exploration manager for Antofagasta Minerals.

“Recognizing the high-grade porphyry at the Cuba zone and understanding the reason for the loss of copper and gold mineralization is a significant breakthrough. Testing deeper beneath this overprint is a compelling target and proceeding to a drill program in the first months of 2020 is a priority for the company,” commented Sego chief executive officer J. Paul Stevenson. “Adding a high-grade target at the Cuba zone to the Empress, South zone gold-copper and Sovereign geochemical and geophysical targets announced in mid-October only adds to the discovery potential at Miner Mountain.”

Previously reported grades that show the tenor of the mineralization include:

DDH 12-21: 100 metres grading 0.95 per cent copper and 0.55 g/t gold;
DDH 12-26: 12.2 metres grading 1.16 per cent copper and 0.76 g/t gold;
PDH 11-94: 82 metres grading 1.01 per cent copper and 0.58 g/t gold.

Intervals that retain some mineralization as windows within partially to pervasively overprinted include:

DDH 17-30: 105 metres grading 0.31 per cent copper and 0.08 g/t gold;
DDH 18-34: 18 metres grading 0.56 per cent copper and 0.06 g/t gold.

Miner Mountian is a copper-gold porphyry project located near Princeton, in the Quesnel terrane of south-central British Columbia, a productive belt containing the operating Copper Mountain (Copper Mountain/Mitsubishi Materials), New Afton (NewGold) and Highland Valley (Teck Resources) mines.

Qualified person statement

This news release was reviewed and approved by Dr. Selina Tribe, PhD, PGeo, a qualified person under National Instrument 43-101.

About Sego Resources Inc.

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 is located 15 kilometres north of the Copper Mountain mine.

We seek Safe Harbor.

https://www.segoresources.com/