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Sego Resources Inc., CA8158021037

Sego Resources Inc., CA8158021037

28.11.2019 - 13:03:00

High-Grade Porphyry Identified at Cuba Zone Generates Another New Drill Target at the Miner Mountain Project, British Columbia

DGAP-News: Sego Resources Inc.

/ Key word(s): Miscellaneous

High-Grade Porphyry Identified at Cuba Zone Generates Another New Drill Target at the Miner Mountain Project, British Columbia

28.11.2019 / 13:00

The issuer is solely responsible for the content of this announcement.

DDH 17-30: 105 metres grading 0.31% copper and 0.08 g/t gold

DDH 18-34: 18 metres grading 0.56% copper and 0.06g/t gold

Figure 1: Drillholes at the Cuba Zone shown at a 100 metre depth slice of chargability. Copper plotted downhole (5,000ppm copper equals 0.5% copper).

To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1056/50202_f3d3a57d8441e9d0_002full.jpg

Figure 2: Long section of drilling at the Cuba Zone. Shallow percussion holes are removed for clarity. Mapped diorite is shown from relogging of four holes and a systematic program of relogging is required across the zone prior to drilling.

To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/1056/50202_f3d3a57d8441e9d0_003full.jpg

Figure 3: The story in a photo. A sample from 254.4 metres in hole DDH 18-34 showing the later alteration pervasively replacing the earlier copper and magnetite alteration which strips the grade.

To view an enhanced version of Figure 3, please visit:https://orders.newsfilecorp.com/files/1056/50202_f3d3a57d8441e9d0_004full.jpg

 

References

Wilson, AJ 2003; 'The geology, genesis and exploration context of the Cadia gold-copper porphyry deposits, New South Wales, Australia', PhD thesis, University of Tasmania.

Tolman, J and Lipske, J 2016; 'Geology & Mineralization of the New Afton Porphyry Cu-Au deposit +C-Zone Project Update' Presentation, Newgold website, https://s2.q4cdn.com/351510513/files/doc_downloads/New_afton/NewAfton-C-Zone-Presentation_TGDG-Feb16.pdf

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 Selina Tribe, Ph.D., P.Geo., a Qualified Person under NI 43-101.

About the Company

Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation 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.

J. Paul Stevenson, CEOSego Resources Inc.1-866-683-2933ceo@segoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, the statements do not guarantee future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50202

Click on, or paste the following link into your web browser,to view the associated documents

http://www.newsfilecorp.com/release/50202 News Source: Newsfile

28.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Sego Resources Inc.

Canada ISIN: CA8158021037 EQS News ID: 923829   End of News DGAP News Service

923829  28.11.2019 

@ dgap.de