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SEGO Resources Inc V.SGZ

Alternate Symbol(s):  SGOZF

SEGO Resources Inc. is a Canada-based exploration stage company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties located in British Columbia. It owns 100% of the Miner Mountain Project, an alkalic copper-gold porphyry exploration project located near Princeton, British Columbia. The property is the prolific Nicola belt that runs from Copper Mountain along the eastern belt of the Nicola group to Kamloops. The property is 2,056 hectares in size and is 15 kilometers north of the Copper Mountain Mine operated by Hudbay Minerals Inc. The property consists of 15 mineral claims.


TSXV:SGZ - Post by User

Post by Margin321on Apr 14, 2024 10:03am
158 Views
Post# 35988124

upcoming stuff

upcoming stuffHopefully they will complete this financing round (private placement) soon and will be able to proceed with the 2024 drilling program to better define the shallow gold resource - and also further explore the deeper copper porphory prospects. It is a limited program but could be important. Maybe best avenue for early success would be small gold mining operation of shallow gold zone in next year or two. Seems possible with gold at $2350 an ounce. The porphory prospects have to be better defined and then copper price at some point might make them attractive to a major. The cost of mining for copper is many multiples of cost of mining the kind of gold target they have - and would likely have to be done by a major. Drilling to improve understanding and scale of that shallow gold resource will be very interesting. 
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