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Sego Resources Updates the Miner Mountain Project - a New Drill Target Below the Cuba Zone & New Exploration Target North of Southern Gold Zone, Drill Campaign Planned
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2023) - Sego Resources Inc., Ticker Sy...
About this update from Sego Resources Inc.
[{"type":"text","content":"Sego Resources Updates the Miner Mountain Project - a New Drill Target Below the Cuba Zone & New Exploration Target North of Southern Gold Zone, Drill Campaign PlannedVancouver, British Columbia--(Newsfile Corp. - October 24, 2023) - Sego Resources Inc., Ticker Symbol (TSXV: SGZ), (\"Sego\" or \"the Company\") is delighted to report that, after a full exploration data review, alkalic porphyry copper-gold (Cu-Au) mineralization has been recognized beneath the off-setting flat fault in the Cuba Zone at the Miner Mountain Property near Princeton, BC. Diamond Drill Hole 37 (DDH37) penetrated a shallow-dipping fault and intersected 11 m (metres) of 0.6% copper and 0.13 gpt (grams per tonne) gold at the bottom of the hole (see News Release February 28, 2019). Within this interval a 2 m sample was recently analyzed and returned 0.13 gpt palladium in addition to the previously reported copper and gold.The review also indicated that the geological setting of the Southern Gold Zone is very similar to the geological setting of the recently recognized gold zone at New Gold's New Afton Mine. At New Afton the gold zone is distal and lateral to the main copper-gold mineralization and a similar setting has been proposed for the Southern Gold Zone. Drilling is planned to test associated deep alkalic porphyry copper-gold mineralization to the north. Figures and maps can be seen at www.segoresources.com.HIGHLIGHTS OF CUBA ZONE DATA REVIEW A new deep drill target within the large IP Chargeability High below the Cuba Zone under previously intersected, shallow, Cu-Au mineralization from 0 to 150 m in the same zone; this new target (Figure 1) is below this shallow mineralization which represents the upper levels of deeper porphyry Cu-Au mineralizationThe new drill target is also beneath the shallow-dipping fault which offsets the near surface mineralization in the Cuba ZonePalladium, commonly found in alkalic porphyries, was analyzed and confirmed in the Cu-Au mineralized zone at the bottom of DDH37Sego plans to test below the Cuba Zone as shown in Figure 1. The exploration data review highlighted a significant intersection of 11 m of 0.6% copper with 0.12 gpt gold, that includes 4.4 m of 1.2% copper and 0.24 gpt gold (see News Release February 28, 2019) at the bottom of DDH 37 located below the shallow-dipping fault. Disseminated chalcopyrite mineral...