NEWS: Sego Initiates 2015 Exploration Program SEGO RESOURCES INC. INITIATES 2015 EXPLORATION PROGRAM AT MINER MOUNTAIN ALKALIC COPPER/GOLD PORPHYRY PROJECT
Sego Resources Inc. has begun preliminary work for the 2015 exploration program at Miner Mountain, near Princeton, B.C. The company's geologic understanding of the project area benefited from a two-year study recently completed by the British Columbia Geological Survey. Results and geologic maps of the Miner Mountain/Princeton area were published in 2013 and 2014 by the B.C. Geological Survey (Mihalynuk et al., 2013, 2014), and are available under GeoFile 2015-2 on the B.C. Geological Survey website.
Sego's 2015 exploration program is starting with a review of the diamond drill core and evaluation of the new geological information. The company initiated a review of the diamond drill core obtained from the central target in the project, referred to in reports and news releases as the Granby-Cuba-Regal zone. Sego has engaged two geologists, Sean Daly, MEng, PGeo, and Konstantin Lesnikov, PGeo, to relog several drill holes in this zone, utilizing the recent geological information published by the B.C. Geological Survey study on the Miner Mountain/Princeton area.
The Granby-Cuba-Regal zone contains three of eight targets identified by geophysical surveys as reported by Dr. Jules J. Lajoie, PhD, PEng, former chief geophysicist of Cominco, Teck-Cominco and Teck Resources, in his report to Sego, titled, "Titan 24 Re-Processing, Heli-Magnetics and Radiometrics Interpretation" (see news release dated June 28, 2013). The report is available on the company's website.
J. Paul Stevenson, chief executive officer of Sego, states: "Our plan for the 2015 season is to update our understanding of the property geology with the new mapping put out by the B.C. Geological Survey. We want to continue to test for continuity of copper-gold mineralization below the current known depths and to the north. Considering the style of alkalic copper-gold porphyries in the Nicola belt, we recognize the large role that structure can play in continuity of mineralization. To that end, we are also considering additional work and analysis to ascertain the structure and alteration of the Granby-Cuba zone."
The results of the company's study will be released when the review is complete.
This news release was reviewed and approved by Selina Tribe, PhD, PGeo, a qualified person under National Instrument 43-101.
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry exploration project nearPrinceton, British Columbia. The property is 2,056.54 hectares in size and located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band, in whose Traditional Territory the Miner Mountain Project is situated. Sego holds a 5-year exploration permit for the property and has received an Award of Excellence for its reclamation work at Miner Mountain.
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 that actual results or developments may differ materially from those projected in the forward-looking statements.
SOURCE Sego Resources Inc.
For further information: J. Paul Stevenson, CEO (604) 682-2933, Sego Resources Inc.