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Sego Resources Inc., (TSXV: SGZ) is engaged in advancing the Southern Gold Zone on the Miner Mountain Project by collaborating with SRK Consulting, a renowned mining consulting firm. The Southern Gold Zone comprises fine-grained disseminated gold in altered intrusions and volcanics, showcasing significant potential for exploration and development.
SRK Consulting, being 100% employee-owned, is entrusted with providing a 3D geological model and estimating the Exploration Target potential of the Southern Gold Zone. Sego aims to leverage this partnership to enhance its copper-gold porphyry targets and drive forward exploration activities. The project, situated near Princeton, British Columbia, spans 2,056 hectares and has received accolades for its reclamation efforts.
Under the leadership of J. Paul Stevenson, CEO, Sego is committed to unlocking the full potential of the Southern Gold Zone and delivering value to its stakeholders through strategic collaborations and focused exploration efforts.
Sego Resources Inc. (TSXV: SGZ) has received an Exploration Target Review from SRK Consulting for the South Gold Zone at its Miner Mountain Project. The review estimates a potential 5,000,000 to 8,000,000 tonnes of mineralization with 0.5 to 0.7 grams per tonne of gold, potentially containing 100,000 to 150,000 ounces of gold. SRK developed a 3D litho-structural model and proposed additional infill drilling locations to test structural features and potentially increase the target size.
The study is based on 22 diamond core holes and 1,545 gold assay data. SRK used Inverse Distance interpolation and an average specific gravity of 2.7 to estimate tonnage. Next steps include completing SRK's recommended drilling and further exploration of a copper-gold porphyry target north of the South Gold Zone.
Sego's Board has granted 6,775,000 stock options to directors, officers, and consultants, exercisable at $0.08 until July 25, 2029, subject to TSX Venture Exchange approval.
On July 9, 2024, Sego Resources (TSXV: SGZ, OTC Pink: SGOZF) announced changes to its board of directors. Sven Gollan has resigned due to his commitments as CEO of Teako Minerals. Sego has appointed Paul McGroary, an experienced director from Copper Lake Resources, to the board. McGroary brings over 30 years of experience in mining exploration, oil, and marketing technologies. The board expressed gratitude for Gollan's contributions and looks forward to McGroary's input.
Sego Resources has engaged SRK Consulting to develop a 3D geological model and estimate the exploration target potential for the Southern Gold Zone at the Miner Mountain Project. This zone features fine-grained disseminated gold within altered intrusions and volcanics, extending from the surface down to a vertical depth of 80-100 meters. The mineralization zone measures approximately 280 by 140 meters. Significant drill intersections were reported, including a 59.11m interval with 1.03 g/t gold (DDH-46) and an 88.11m interval with 1.08 g/t gold (DDH-47). This initiative marks an essential step in advancing the exploration and development of Sego's copper-gold porphyry targets.
Elliot Strashin purchased 5,000,000 private placement units of the Company at $0.02 per unit, triggering the filing of an Early Warning Report. He now holds approximately 14.66% of the issued and outstanding common shares. All securities are held for investment purposes, with potential future purchases or sales based on market conditions.
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