- Sego Resources Inc. (SGZ) announces plans to extend a step-out fall-winter drill program at the Southern Gold Zone located near Princeton B.C.
- The newly discovered zone exposed at surface intersected gold mineralization in five out of the six drill holes in 2021
- Testing recovered 95.8 per cent of the contained gold in a representative drill core sample
- The gold values are associated with very fine-grained disseminated pyrite that ranges from approximately one per cent up to 3 per cent in the host rocks compared to less hydrothermal hematite replaces primary magnetite in mineralized drill intersection
- Sego has identified porphyry copper-gold targets at the Miner Mountain Project, where deep roots of the mineralization have been structurally offset by a flat-fault zone that lies roughly 100 to 130 metres deep
- Sego Resources Inc. is up 7.14 per cent and is trading at $0.07 per share at 1:49 p.m. ET
Sego Resources Inc. (SGZ) announces plans to extend a step-out fall-winter drill program at the Southern Gold Zone located near Princeton B.C.
The zone will include a 1,000-metre diamond drill program at the Miner Mountain Project.
The newly discovered zone exposed at surface intersected gold mineralization in five out of the six drill holes in 2021.
Four diamond drill holes grade between 0.60 to 1.08 q/t gold over 59 to 93 metres located on three sections spaced 50 metres apart.
Testing recovered 95.8 per cent of the contained gold in a representative drill core sample. The Southern Gold Zone mineralization has no harmful elements and low values of base metals.
J. Paul Stevenson, CEO of Sego Resources commented on the drilling campaign.
“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 zone is grouped in medium to fine-grained diorite-monzonite that intrude sediments.
The gold values are associated with very fine-grained disseminated pyrite that ranges from approximately one per cent up to 3 per cent in the host rocks compared to less hydrothermal hematite replaces primary magnetite in mineralized drill intersection.
Several dozen representative samples have been collected from the 2021 drill holes for petrographic examination.
The results will help understand the genesis of the mineralization and aid exploration. Also, it will 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.
Sego has identified porphyry copper-gold targets at the Miner Mountain Project, where deep roots of the mineralization have been structurally offset by a flat-fault zone that lies roughly 100 to 130 metres deep.
Sego Resources Inc. is up 7.14 per cent and is trading at $0.07 per share at 1:49 p.m. ET.
