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Sego Resources Plans Additional Step-Out Drilling on the Southern Gold Zone at the Miner Mountain Copper-Gold Porphyry Project, Princeton, B.C.
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2021) - Sego Resources Inc. (TSXV: ...
About this update from Sego Resources Inc.
[{"type":"text","content":"Sego Resources Plans Additional Step-Out Drilling on the Southern Gold Zone at the Miner Mountain Copper-Gold Porphyry Project, Princeton, B.C.Vancouver, British Columbia--(Newsfile Corp. - October 12, 2021) - Sego Resources Inc. (TSXV: SGZ) (\"Sego\" or \"the Company\") plans to extend a step-out fall-winter drill program with up to a 1,000 metre (m) diamond drill program at the Southern Gold Zone bulk tonnage target at the Miner Mountain Project near Princeton, BC. The newly discovered Southern Gold Zone, exposed at surface, intersected gold mineralization in five out of the six 2021 drill holes. Four diamond drill holes grade between 0.60 to 1.08 grams per tonne (gpt) gold over 59 to 93 m (Table 1) located on three sections spaced at 50 m apart (Figure 1). Bench-scale metallurgical gravity and leaching tests recovered 95.8% of the contained gold in a representative drill core sample. The Southern Gold Zone mineralization has no deleterious elements and very low values of base metals as confirmed by metallurgical testing (see NR August 11, 2021).CEO J. Paul Stevenson comments, \"We are looking forward to more exciting news from this recently discovered gold target. We have been able to determine that the mineralization starts at or near surface based on the north-south drill sections. We plan to extend the mineralization south of current sections and step-outs with new 50 m-spaced sections located east and west on either side of the drilled mineralization.\" The Southern Gold Zone is hosted in medium to fine-grained diorite-monzonite that intrude sediments located to the south. The gold values are associated with very fine-grained disseminated pyrite that ranges from <1% up to 3% in the host rocks whereas less hydrothermal hematite replaces primary magnetite in mineralized drill intersections. Moderate to strong pervasive variable chlorite, K-feldspar, sericite, calcite, and epidote alteration assemblages are associated with the gold mineralization.Several dozen representative samples have been collected from the 2021 drill holes for petrographic examination. The results will help to understand the genesis of the mineralization and aid exploration and will also clarify the relation of gold to pyrite and hematite and the high recovery of gold values extracted from the recent bench-scale metallurgical leach testing. Figure 1....