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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 Sep 27, 2024 9:13am
77 Views
Post# 36243797

Very little overburden on gold zone

Very little overburden on gold zoneI was intrigued by J. Paul's comments on the Stockhouse Interview yesterday about the geometry of the gold zone mineralization along a hillside. And by the headline of the recent press release - part of that headline is in quotes-  "at or near surface".  I also reviewed slide 18 of the current corporate presentation which show some data from holes 50 and 52.  It appears that the mineralization is pretty uniform and really is at or near surface - supporting J. Paul's comment about more like a quarry than an open pit mine. The mineralization is really right beneath the topsoil or even at surface because it is kind of a rocky hillside. Slope is not steep. As he said they can possibly trim off the part of the hill where the gold is located and process the ore. Kind of a unique situation where cost to production (of gold) could be a whole different animal than the amount of capital needed to proceed to a full blown open pit copper porphyry mine, which is in hundreds of millions and could be a billion - or more. That situation requires a big mining company with lots of resources.

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