Sego Resources Engages SRK Consulting for 3D Model and Mineral Inventory at the Southern Gold Zone

Rhea-AI Summary

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.

Positive

• Engaging SRK Consulting, a reputable firm in the mining industry, for 3D modeling of the Southern Gold Zone.
• Significant drill intersections, including 88.11 meters with 1.08 g/t gold (DDH-47).
• Development of a 3D geological model to guide future exploration.
• Forwarding all relevant data to SRK to optimize exploration strategies.

Negative

• No immediate financial or production outcomes announced.
• Potential high costs associated with engaging a leading consulting firm.
• Dependence on successful future exploration to realize tangible benefits.

Vancouver, British Columbia--(Newsfile Corp. - May 23, 2024) - Sego Resources Inc., (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that it has engaged SRK Consulting to provide a 3D geological model and an estimation of the Exploration Target potential of the Southern Gold Zone on the Miner Mountain Project.

SRK Consulting is a world leading consulting company that provides consulting services across the mining life cycle from exploration through development and operations to closure. Being 100% employee owned, SRK is known throughout the international banking and investment community for its independence.

Sego is pleased to take this initial step in advancing and developing the Southern Gold Zone and moving forward with the exploration and development of its copper-gold porphyry targets. The Southern Gold Zone consists of fine-grained disseminated gold in altered intrusions and volcanics. The zone of the mineralization starts at surface and measures approximately 280 by 140 metres in centre thinning to the northeast and southwest and displays as a plump almond shape. The mineralization zone extends from 80 to 100 metres in vertical depth. Sego has forwarded all of the Southern Gold Zone data to SRK to provide a 3D geological model and an estimation of the exploration target potential to guide future exploration of the gold zone.

The highlights of drill intersections at the Southern Gold Zone to date are as follows:

Diamond Drill Hole	From (m)	To (m)	Interval (m)	Gold (g/t)
DDH-46	3.04	62.15	59.11	1.03
DDH-47	12.19	100.30	88.11	1.08
DDH-49	19.00	84.12	65.12	0.60
DDH-50	11.28	105.48	94.20	0.86
DDH-52	3.00	77.52	74.52	0.79
DDH-55	4.40	84.90	80.50	0.69
DDH-59	63.12	143.12	80.00	0.95

 

Qualified Person
The technical information in this news release was reviewed and approved by Ron Britten, Ph.D., P.Eng., who is a Qualified Person under the definitions established by NI 43-101.

About the Project
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry exploration project located near Princeton, British Columbia. The property is 2,056 hectares in size and is 15 kilometres north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain Project is situated. Sego has received an Award of Excellence for its reclamation work on the Miner Mountain Project.

For further information please contact:

J. Paul Stevenson, CEO (604) 682-2933
ceo@segoresources.com

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 re 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 those 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/210258

FAQ

What is the announcement from Sego Resources on May 23, 2024, about?

Sego Resources announced it has engaged SRK Consulting to develop a 3D geological model and estimate the exploration target potential for the Southern Gold Zone.

What is the significance of the Southern Gold Zone for Sego Resources?

The Southern Gold Zone is important for Sego Resources due to its fine-grained disseminated gold within altered intrusions and volcanics, offering promising exploration potential.

What are some of the drill intersection highlights from the Southern Gold Zone?

Notable drill intersections include 59.11 meters with 1.03 g/t gold (DDH-46) and 88.11 meters with 1.08 g/t gold (DDH-47).

What is the role of SRK Consulting in the Miner Mountain Project?

SRK Consulting is tasked with developing a 3D geological model and estimating the exploration target potential for the Southern Gold Zone.

What is the expected depth of mineralization in the Southern Gold Zone?

The mineralization in the Southern Gold Zone extends from the surface down to a vertical depth of 80-100 meters.