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Sego Resources exposes 30 meters of 1.02 gpt gold in trenches at Miner Mountain, BC

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The 2,056 hectare Miner Mountain project is located near mining friendly Princeton, British Columbia, just 15 kilometres north of the Copper Mountain Mine, operated by the Copper Mountain Mining Corporation and Mitsubishi Copper.

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Additional Information:

Company: Sego Resources
Website: http://www.SegoResources.com
Stock Symbol: TSXV: SGZ
Date Published: Jul 7, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Sego Resources has delineated a large zone of gold mineralization completed during a trenching program at its 100% owned Miner Mountain Porphyry Copper-Gold project in British Columbia.

The 2,056 hectare Miner Mountain project is located near mining friendly Princeton, British Columbia, just 15 kilometres north of the Copper Mountain Mine, operated by the Copper Mountain Mining Corporation and Mitsubishi Copper.

The claims cover an extensive, well-altered porphyry system containing excellent copper-gold grades, located along the same regional fault as the Copper Mountain mine.

Sample TR105 returned 0.39 grams per tonne gold over 125.5 meters from Trench A.

This included 62 meters grading 0.65 grams per tonne gold, from 60.5 meters, which further included 30 meters grading 1.02 gpt gold from 84.5 meters, and 2 meters grading 8.76 gpt gold from 112.5 meters.

Sample TR109 returned 40 meters grading 0.31 gpt gold from 31.6 meters from Trench E, which is open to the south.

This interval included 8.7 meters of unsampled overburden that was assigned a grade of zero grams per tonne for compositing.

J. Paul Stevenson, CEO, stated: "The Southern Gold Zone expansion is an exciting development at Miner Mountain where mechanical trenching has defined a 150 x 200m zone of mineralization that remains wide open to the northeast and southwest. The company is currently drilling copper-gold targets on the project and will complete additional trenching to define the full extent of the Southern Gold Zone prior to drilling."

Trenches in 2020 have exposed a 150 by 200 meter zone of mineralization that contains multiple 10 to 125.5 meter long intervals of 0.19 to 1.02 grams per tonne gold.

The zone is open to the northeast and southwest.

Drilling is underway at the Miner Mountain project with hole MM-42 completed at 663.55 meters in depth.

Hole MM-42 was designed to test deep beneath the western end of the Cuba Zone and intersected broad alteration in the upper part of the hole before intersecting a post mineral fault that appears to offset the Cuba mineralization at depth.

The current hole MM-43 will test the relatively new Empress target located approximately 240 m north of the Cuba Zone trend.

Logging, cutting and sampling for analysis are in progress.

Sego has a 5 year area-based permit to drill and explore the Miner Mountain Project, where the ease of access and limited snowfall has made year-round drilling viable.

The company has an excellent working relationship with the local community and First Nations and 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 at Miner Mountain.

The shares are trading at $0.055

For more information, please visit www.SegoResources.com, contact J Paul Stevenson, CEO, at 604-682-2933 or toll free at 1-866-683-2933 or email CEO@SegoResources.com.

I’m Megan Edwards for Investmentpitch Media