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Sego Resources Intersects 59 Metres and 88 Metres of >1 Gram/Tonne Gold (gpt Au) at Miner Mountain Project
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2021) - Sego Resources Inc. (TSXV: SGZ...
About this update from Sego Resources Inc.
[{"type":"text","content":"Sego Resources Intersects 59 Metres and 88 Metres of >1 Gram/Tonne Gold (gpt Au) at Miner Mountain ProjectVancouver, British Columbia--(Newsfile Corp. - May 27, 2021) - Sego Resources Inc. (TSXV: SGZ) (\"Sego\" or \"the Company\") is delighted to announce results from two diamond drill holes in the Southern Gold Zone of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC. The Southern Gold Zone is an intrusion disseminated hosted gold zone discovered during the Company's 2020 field program (See NR July 7, 2020). Shallow (DDH 46) and deeper (DDH47) holes tested the Southern Gold Zone, located on a central 160o trending section with collars separated 78 m apart inclined 50o south (Figure 1 ). Both intersected >1.0 gpt Au over 59 and 88 m from surface and include 2.94 gpt Au over 15.2 m and 2.44 gpt Au over 19.8 m (Table 1). Table 1. Gold results in diamond drill hole collared in the Southern Gold ZoneDrill HoleFrom (m)To (m)Interval (m)Au (gpt)Cu (ppm)Ag (ppm)ddh 463.0462.1559.111.031830.47including22.3037.5015.202.943390.78including28.8531.502.659.594331.65ddh 4712.19100.3088.111.083140.76including71.7091.5019.802.445122.01including73.1074.471.378.3928297.50 CEO J. Paul Stevenson comments, \"The Southern Gold Zone drill results are exciting! The zone is open in all directions except to the south with excellent potential to add bulk gold-bearing mineralization. The Southern Gold Zone is most likely a distal expression of a blind porphyry copper-gold mineralization within a broader area of porphyry copper-gold system at the Miner Mountain Project.\" The two holes penetrate variable microdiorite, minor monzonite or monzodiorite, diorite, tuff or local bedded tuffaceous sediments. Variable textures in the generally fine-grained units exhibit episodic intrusion events, intrusion breccias, hornfelsed host rocks, many crackled and all overprinted by chloritic or K-feldspar dominant alteration assemblages. Brittle brecciation generates a chaotic fragmental texture and late carbonate veins, veinlets, microfractures or stockwork occur throughout most rock types. Below ~5 to 10 m depth both holes 46 and 47 contain 1 to 2% pyrite. An ~2 mm filigree grain of electrum occurs in a massive very fine-grained K-feldspar vein in hole 46 at ~29.0 m otherwise gold is not visible in the remaining portions of the holes. K-feldspa...