Sego Resources Selected as Featured Company in Video by InvestmentPitch Media - Video Available on InvestmentPitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2017) -Sego Resources (TSXV: SGZ), featured in video by InvestmentPitch Media. Sego owns 100% of the Miner Mountain Project. The 2,056-hectare project is located near mining friendly Princeton, British Columbia, just 15 kilometres north of the Copper Mountain Mine, operated by the Copper Mountain Mining company.
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The claims cover an extensive, well-altered porphyry system containing excellent copper-gold grades, located along the same regional fault as the Copper Mountain mine, which is mining 0.33% copper, with gold and silver credits.
To date, Sego has incurred exploration and evaluation expenditures in excess of $4.6 million on Miner Mountain, including approximately 4,200 metres of diamond drilling and 9,000 metres of percussion drilling. The drilling outlined a large zone, the Cuba Zone, of elevated grade over 1,200 metres in length and 100 metres in width, with several drill holes ending in mineralization. Best drill intersection to date contained 100 metres of 0.95% copper, 0.55 grams per tonne gold and 3.47 grams per tonne silver.
The company has submitted a new 5-Year, Area Based Exploration Permit application, with support from local First Nations and the land holder, which will eliminate additional permitting delays during the 5-year period. The company plans an initial 2 to 4-hole drill program, depending on the depth drilled, to extend the area of significant alteration and copper-gold mineralization outlined in 2012, with the goal of delineating a NI 43-101 compliant resource.
The management team, headed by J Paul Stevenson, a Metis Elder, has successfully moved a similar copper/gold porphyry property from the exploration stage to the filing of a preliminary economic assessment.
Sego enjoys excellent relations, including a Memorandum of Understanding, with the Upper Similkameen Indian Band, who are well-experienced in mining and reclamation, with the two groups previously recognized for reclamation and restoration of previous operators' damage on Miner Mountain.
J Paul Stevenson, CEO, stated: "After the long downturn of the mining markets we are excited and pleased to be returning to Princeton, BC and continuing exploration of the Miner Mountain copper/gold project."
The shares are trading at $0.045 and with 76.1 million shares currently outstanding, the company is capitalized at $3.4 million.
For more information, please visit www.SegoResources.com, contact J Paul Stevenson, CEO, at 604-682-2933 or toll free at 1-866-683-2933 or email CEO@SegoResources.com.
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