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Sego Plans Further Drilling at the Miner Mountain Copper-Gold Porphyry Project; Announces Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - February 8, 2018) - Sego Resources Inc. (TSXV: ...
About this update from Sego Resources Inc.
[{"type":"text","content":"Sego Plans Further Drilling at the Miner Mountain Copper-Gold Porphyry Project; Announces Private Placement of UnitsVancouver, British Columbia--(Newsfile Corp. - February 8, 2018) - Sego Resources Inc. (TSXV: SGZ) (\"Sego\" or \"the Company\") is pleased to announce that it will be mobilizing a crew in preparation for the 2018 diamond drill program at the Miner Mountain Project located 15 kilometres from the Copper Mountain Mine near Princeton, BC. In light of the successful diamond drilling in 2017 (21 metres of 1.17% Copper, 0.30 g/t Gold and 4 g/t Silver, and 105 metres of 0.31% Copper, 0.08 g/t Gold and 2.29 g/t Silver. See January 3, 2018 News Release) and after a full data review by Sego's technical team, drill sites have been chosen for the next stage of drilling. Diamond drilling is being planned for Q-1 of 2018 and a crew will be mobilized to lay out the new drill sites. The next phase of drilling will be to extend the drilling on section with diamond drill holes 29 and 30 with the goal of developing a resource along the south flank of the Cuba Zone. The Cuba Zone is a large IP anomaly with a surface expression of 1,000 metres by 200 metres.Sego Resources Miner Mountain project has the benefit of deep IP, airborne magnetic and LIDAR surveys, percussion drilling, and diamond drilling. In addition to the Cuba Zone, there are also numerous other IP and Mag targets on the Miner Mountain Project. Upon reviewing available survey results, former Teck Resources Ltd. Chief Geophysicist Jules Lajoie, Ph.D., P.Eng., FEC, concluded:\"The map displays numerous magnetic anomalies, highs and lows, and along with strong evidence of structural disturbance (faulting), it shows a setting permissive for multiple intrusions and clustering of alkalic Cu-Au deposits.\" (Full report is available on Sego's website)A total of 7 additional targets can be seen on Dr. Lajoie's map below:Miner Mountain Property MapCannot view this image of the Miner Mountain Property Map? Please visit [http://orders.newsfilecorp.com/files/1056/32702_a1518108236750_37.jpg] to view this imageSego Resources Inc. is also proposing to raise up to $300,000 by way of a non-brokered private placement of units at $0.05 per unit. The offering is open to all existing Sego shareholders and non-shareholders subject to certain limitations discussed below. The offering will consi...