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SEGO Extends the Northern Margin of the Southern Gold Zone and Drill Test Geophysical Anomalies South of the Southern Gold Zone
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2022) - Sego Resources Inc. (TSXV...
About this update from Sego Resources Inc.
[{"type":"text","content":"SEGO Extends the Northern Margin of the Southern Gold Zone and Drill Test Geophysical Anomalies South of the Southern Gold ZoneVancouver, British Columbia--(Newsfile Corp. - November 22, 2022) - Sego Resources Inc. (TSXV: SGZ) (\"Sego\" or \"the Company\") is pleased to announce the results of a seven drill hole program located in the Southern Gold Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, B.C., 15 km north of the Porphyry Copper Mountain Mine. The drill program tested the northern and western extensions of the Southern Gold Zone for the potential of deeper porphyry copper-gold mineralization defined by geophysical anomalies.HighlightsExtended the moderately north-dipping Southern Gold Zone, intersected (0.95 gpt Au over 80 m) and terminated the Southern Gold Zone to the west. Drilled the deep magnetic and chargeability anomalies to the south of the Southern Gold Zone to intersect broad intervals of strong disseminated magnetite and pyrite that contain low Au and Cu values.Completed surface mapping and petrology within and around the Southern Gold Zone to identify the fine-grained nature of the host rocks, structural controls and alteration assemblages controlling or tracking Au mineralization and unexposed porphyry Cu-Au mineralization. Future work will fill-in drill holes within an ~80 m space between previous drill holes in the Southern Gold Zone.Geochemical and chargeability data will be evaluated to support a deep drill test of porphyry Cu-Au mineralization located north of the Southern Gold Zone.A resource calculation of the Southern Gold Zone mineralization and on-going petrology to point towards porphyry copper-gold targets, not well exposed at surface, are planned for early 2023.2022 Diamond Drill Hole ResultsThe seven drill hole 2022 program that totaled 1,582 m was two pronged: DDHs 59, 60-64 to test the western and northern extension of the Southern Gold Zone and DDHs 59 and 65 to explore deep blind and deep inverted chargeability-magnetic anomalies located ~200 m south of the Southern Gold Zone (Figure 1). The inverted geophysical data was recalculated to locate the true position of the anomalies in a volume of rock and to explore targets not exposed at surface.DDH 59 was collared 47 m north on section locating DDH 50 and 52 to test both targets to depth (Figure 1), the northern extensi...