Sego Exploration Target Review of South Gold Zone "At and Near Surface" Potential Tonnage & Grade
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.
Sego Resources Inc. (TSXV: SGZ) ha ricevuto una Revisione degli Obiettivi di Esplorazione dalla SRK Consulting per la South Gold Zone nel suo progetto Miner Mountain. La revisione stima un potenziale di 5.000.000 a 8.000.000 tonnellate di mineralizzazione con 0.5 a 0.7 grammi per tonnellata di oro, che potrebbe contenere 100.000 a 150.000 once d'oro. SRK ha sviluppato un modello litostrutturale 3D e ha proposto ulteriori posizioni di perforazione per testare caratteristiche strutturali e potenzialmente aumentare la dimensione dell'obiettivo.
Lo studio si basa su 22 fori di perforazione a nucleo di diamante e 1.545 dati di analisi dell'oro. SRK ha utilizzato l'interpolazione a distanza inversa e una gravità specifica media di 2.7 per stimare il tonnellaggio. I prossimi passi includono il completamento della perforazione raccomandata da SRK e l'ulteriore esplorazione di un obiettivo di porfido rame-oro a nord della South Gold Zone.
Il Consiglio di Sego ha concesso 6.775.000 opzioni su azioni a dirigenti, funzionari e consulenti, esercitabili a $0.08 fino al 25 luglio 2029, soggetto all'approvazione della Borsa di Toronto.
Sego Resources Inc. (TSXV: SGZ) ha recibido una Revisión de Objetivo de Exploración de SRK Consulting para la South Gold Zone en su Proyecto Miner Mountain. La revisión estima un potencial de 5.000.000 a 8.000.000 toneladas de mineralización con 0.5 a 0.7 gramos por tonelada de oro, que podría contener 100.000 a 150.000 onzas de oro. SRK desarrolló un modelo litoestructural 3D y propuso ubicaciones adicionales para perforación de relleno para probar características estructurales y aumentar potencialmente el tamaño del objetivo.
El estudio se basa en 22 perforaciones de núcleo de diamante y 1.545 datos de ensayo de oro. SRK utilizó interpolación de Distancia Inversa y una gravedad específica promedio de 2.7 para estimar el tonelaje. Los próximos pasos incluyen completar la perforación recomendada por SRK y la exploración adicional de un objetivo de porfido de cobre-oro al norte de la South Gold Zone.
La Junta de Sego ha concedido 6.775.000 opciones sobre acciones a directores, funcionarios y consultores, ejercitables a $0.08 hasta el 25 de julio de 2029, sujeto a la aprobación de la Bolsa de Valores de Toronto.
Sego Resources Inc. (TSXV: SGZ)는 Miner Mountain 프로젝트의 South Gold Zone에 대해 SRK Consulting으로부터 탐사 목표 검토를 받았습니다. 이 검토는 5,000,000에서 8,000,000 톤의 광체가 가능하며, 톤당 0.5에서 0.7그램의 금이 포함될 수 있고, 금 100,000에서 150,000 온스이 포함될 잠재력에 대해 추정합니다. SRK는 3D 리토구조 모델을 개발하고, 구조적 특성을 시험하고 목표 크기를 잠재적으로 증가시킬 추가 채굴 위치를 제안했습니다.
이 연구는 22개의 다이아몬드 코어 드릴링과 1,545개의 금 시료 데이터에 기반합니다. SRK는 역거리 보간을 사용하고 평균 밀도 2.7를 통해 톤수를 추정했습니다. 다음 단계는 SRK가 권장한 드릴링을 완료하고 South Gold Zone 북쪽의 구리-금 포르프리 목표에 대한 추가 탐사를 포함합니다.
Sego 이사회는 이사, 임원 및 자문위원에게 6,775,000개의 주식 옵션을 부여하였으며, 이는 $0.08의 가격으로 2029년 7월 25일까지 행사 가능하며, TSX 벤처 거래소의 승인이 필요합니다.
Sego Resources Inc. (TSXV: SGZ) a reçu un examen des objectifs d'exploration de SRK Consulting pour la South Gold Zone dans son projet Miner Mountain. L'examen estime un potentiel de 5.000.000 à 8.000.000 tonnes de minéralisation avec 0.5 à 0.7 grammes par tonne d'or, pouvant contenir 100.000 à 150.000 onces d'or. SRK a développé un modèle lithostructural 3D et proposé des emplacements supplémentaires pour des forages de remplissage afin de tester des caractéristiques structurelles et potentiellement augmenter la taille de l'objectif.
Cette étude repose sur 22 forages à cœur de diamant et 1.545 données d'analyse d'or. SRK a utilisé l'interpolation à distance inverse et une gravité spécifique moyenne de 2,7 pour estimer le tonnage. Les étapes suivantes incluent l'achèvement des forages recommandés par SRK et l'exploration supplémentaire d'un objectif de porphyre cuivre-or au nord de la South Gold Zone.
Le Conseil de Sego a accordé 6.775.000 options d'achat d'actions aux directeurs, aux dirigeants et aux consultants, exerçables à 0,08 $ jusqu'au 25 juillet 2029, sous réserve de l'approbation de la Bourse de Toronto.
Sego Resources Inc. (TSXV: SGZ) hat eine Überprüfung der Explorationsziele von SRK Consulting für die South Gold Zone in ihrem Miner Mountain-Projekt erhalten. Die Überprüfung schätzt ein potenzielles 5.000.000 bis 8.000.000 Tonnen Mineralisierung mit 0,5 bis 0,7 Gramm pro Tonne Gold, das möglicherweise 100.000 bis 150.000 Unzen Gold enthält. SRK entwickelte ein 3D-lithostrukturales Modell und schlug zusätzliche Bohrstandorte vor, um strukturelle Merkmale zu testen und die Zielgröße potenziell zu erhöhen.
Die Studie basiert auf 22 Diamantkernbohrungen und 1.545 Goldanalysedaten. SRK verwendete die Inverse-Distanz-Interpolationsmethode und eine durchschnittliche spezifische Dichte von 2.7 zur Schätzung des Tonnengewichts. Die nächsten Schritte umfassen den Abschluss der von SRK empfohlenen Bohrungen und die weitergehende Erkundung eines Kupfer-Gold-Porphyrziels nördlich der South Gold Zone.
Der Vorstand von Sego hat 6.775.000 Aktienoptionen an Direktoren, Führungskräfte und Berater gewährt, die zu $0,08 bis zum 25. Juli 2029 ausübbar sind, vorbehaltlich der Genehmigung der TSX-Venture-Börse.
- Exploration Target Review estimates 5-8 million tonnes of mineralization
- Potential gold content of 100,000 to 150,000 ounces
- SRK proposed additional drill locations to potentially increase target size
- Integrated litho-structural model developed to facilitate future targeting
- Exploration target is not a NI 43-101 compliant resource or reserve
- No certainty that further exploration will result in a defined Mineral Resource
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that it has received from SRK Consulting (Canada) Inc. ("SRK"), an Exploration Target Review on the South Gold Zone at its Miner Mountain Project including recommended additional infill drilling.
Figure 1: 3-D View of the Litho-structural and Mineralization Models of the South Gold Zone
Source: SRK, 2024
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1056/224384_e752294db493a92b_002full.jpg
DISCLOSURE WARNINGS IN RESPECT TO AN EXPL0RATION TARGET REVIEW
- An exploration target is not a NI 43-101 compliant resource or reserve.
- The South Gold Zone is confirmed only as a target for further exploration.
- Potential quantity and grades are conceptual in nature only.
- There has not been sufficient exploration to define any mineral resource.
- There is no certainty that further exploration will result in the target being delineated as a Mineral Resource.
- The assessment of the target for further exploration was completed by SRK Consulting ("SRK"), a consultant independent of the Company. The estimation of the potential quantity and grade of the exploration target was based on a drillhole database of 22 diamond core holes and 1,545 gold assay data. With the available drilling information, SRK developed conceptual gold mineralization volumes, constrained by interpreted lithological and structural models. The original core samples were composited, and the composited gold assays were capped after evaluating the statistical distributions on probability plots. The gold values were interpolated into a three-dimensional block model using Inverse Distance to a power of three. To estimate a tonnage, an average specific gravity of 2.7 was considered.
HIGHLIGHTS
- An estimated total of 5,000,000 to 8,000,000 tonnes of mineralization of between 0.5 to 0.7 grams per tonne of gold in the South Gold Zone.
- The South Gold Zone may contain 100,000 to 150,000 ounces of gold.
- The SRK Study also proposed drill hole locations to firstly provide infill drilling, secondly test structural features and thirdly potentially increase the size of the exploration target.
This study is an integrated litho-structural model of the South Gold Zone, which covers the conceptual target and a second conceptual target to the immediate north, with the aim of facilitating future targeting and drill hole planning.
Figure 2: 3D and Sectional (Inset) Views of the South Gold Zone Block Model
Source: SRK, 2024
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1056/224384_e752294db493a92b_003full.jpg
NEXT STEPS
- Complete the SRK recommended drilling.
- Further drilling to test a copper-gold porphyry spatially related target immediately north of the South Gold Zone.
Qualified Person
The technical information in this news release, including the information that relates to geology, drilling and gold mineralization was prepared under the supervision of, or was reviewed by Souvik Banerjee, P.Geo, an independent Qualified Person as this term is defined in National Instrument 43-101.
OTHER MATTERS
The Board of Directors has granted directors, officers and consultants of the Company, 6,775,000 stock options exercisable at
ABOUT THE MINER MOUNTAIN PROJECT
Sego owns
For further information please contact:
J. Paul Stevenson, CEO (604) 682-2933
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224384
FAQ
What is the estimated gold grade in Sego Resources' South Gold Zone (SGOZF)?
How many ounces of gold might the South Gold Zone contain according to the SRK study?
What are Sego Resources' (SGOZF) next steps for the Miner Mountain Project?
How many stock options did Sego Resources (SGOZF) grant to its directors, officers, and consultants?
