Sego trenches up to 2.28% Cu at Miner Mountain

Feb 5, 2019

2019-02-04 13:13 ET – News Release

Mr. Paul Stevenson reports

2.28% COPPER WITH 0.8 GRAMS/TONNE GOLD ON SEGO’S MINER MOUNTAIN PROJECT

Sego Resources Inc. has released assay results from a phase 2 2018 trenching program completed on Dec. 4, 2018, at the company’s Miner Mountain project. Sego is the owner (100 per cent) 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, with 26 metres of particularly elevated grade.

The elevated grades, including the two above detection level, were fire assayed last week and anticipated results have now been received from MSA Labs located in Langley, B.C. The two highest assays were: (i) 1.63 per cent copper, 0.24 gram per tonne gold; and 2.28 per cent copper, 0.8 gram per tonne gold (see attached table).

The phase 2 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 these data, several of Sego’s known targets have been upgraded to a much higher priority.

A mapping study by Dr. Ron Britten, PhD, PEng, 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 of the phase 2 2018 program are pending and Sego expects to receive these assays within the next two weeks.

    ASSAYS TRENCH 103 CONTIGUOUS SAMPLES TAKEN OVER TWO-METRE INTERVALS

Sample      Trench    Copper (%)    Gold (ppm or g/t)    Silver (ppm or g/t)

A0024089       103         0.69                 0.18                   3.07           
A0024090       103         0.95                 0.20                   4.21           
A0024091       103         1.64                 0.24                   7.93           
A0024092       103         0.70                 0.21                   3.04           
A0024093       103         0.59                 0.28                   1.64           
A0024094       103         0.03                 0.02                   0.15           
A0024095       103         0.99                 0.54                   4.04           
A0024098       103         2.28                 0.80                   9.19           
A0024099       103         0.80                 0.30                   3.19           
A0024100       103         0.18                 0.08                   0.72           
A0024351       103         0.02                 0.01                   0.19           
A0024352       103         0.22                0.024                   0.48           
A0024353       103         0.12                0.033                   0.56

Paul Stevenson, chief executive officer, commented: “The fire assays from the previously announced elevated rock geochemistry are very exciting. The assays reveal 26 metres of an average grade of 0.7 per cent copper, 0.22 grams per tonne gold, including 18 metres of 0.96 per cent copper, 0.3 grams per tonne gold. We look forward to the further exploration of this zone and our other targets in the 2019 program.”

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 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/