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Sego Exploration Target Review of South Gold Zone "At and Near Surface" Potential Tonnage & Grade
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Sego Resources Inc. (TSXV: S...
About this update from Sego Resources Inc.
[{"type":"text","content":"Sego Exploration Target Review of South Gold Zone \"At and Near Surface\" Potential Tonnage & GradeVancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Sego Resources Inc. (TSXV: SGZ) (\"Sego\" or \"the Company\") is pleased to announce that it has received from SRK Consulting (Canada) Inc. (\"SRK\"), an Exploration Target Review on the South Gold Zone at its Miner Mountain Project including recommended additional infill drilling.Figure 1: 3-D View of the Litho-structural and Mineralization Models of the South Gold Zone Source: SRK, 2024To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/224384_e752294db493a92b_002full.jpgDISCLOSURE WARNINGS IN RESPECT TO AN EXPL0RATION TARGET REVIEW- An exploration target is not a NI 43-101 compliant resource or reserve. - The South Gold Zone is confirmed only as a target for further exploration. - Potential quantity and grades are conceptual in nature only.- There has not been sufficient exploration to define any mineral resource. - There is no certainty that further exploration will result in the target being delineated as a Mineral Resource.- The assessment of the target for further exploration was completed by SRK Consulting (\"SRK\"), a consultant independent of the Company. The estimation of the potential quantity and grade of the exploration target was based on a drillhole database of 22 diamond core holes and 1,545 gold assay data. With the available drilling information, SRK developed conceptual gold mineralization volumes, constrained by interpreted lithological and structural models. The original core samples were composited, and the composited gold assays were capped after evaluating the statistical distributions on probability plots. The gold values were interpolated into a three-dimensional block model using Inverse Distance to a power of three. To estimate a tonnage, an average specific gravity of 2.7 was considered. HIGHLIGHTS- An estimated total of 5,000,000 to 8,000,000 tonnes of mineralization of between 0.5 to 0.7 grams per tonne of gold in the South Gold Zone. - The South Gold Zone may contain 100,000 to 150,000 ounces of gold.- The SRK Study also proposed drill hole locations to firstly provide infill drilling, secondly test structural features and thirdly potentially increase the size of the exploration...