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Drill results from a Phase 1 diamond drill program completed in the summer at its 100% Miner Mountain project

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The purpose of the program was to determine the continuity, extent, and direction of previously understood mineralized fault systems, which are assumed to run in an east-west direction, and plan a much larger scale exploration program to expand and enhance mineralization at the project.

Additional Information:

Company: Sego Resources
Website: http://www.SegoResources.com
Stock Symbol: TSXV: SGZ
Date Published: Sep 18, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Sego Resources has released diamond drill results from a Phase 1 diamond drill program completed in the summer at its 100% Miner Mountain alkalic copper-gold porphyry exploration project in British Columbia.

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

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.

The purpose of the program was to determine the continuity, extent, and direction of previously understood mineralized fault systems, which are assumed to run in an east-west direction, and plan a much larger scale exploration program to expand and enhance mineralization at the project.

An east-west line of diamond drill holes was drilled to determine mineralized fault directions and to locate the south edge of the Cuba Zone IP chargeability anomaly.

A hand-held X-Ray Florurescence Gun ("XRF gun") was used to guide the drilling team.

The results showed the presence of copper mineralization continuing all the way to the south edge of the IP chargeability high.

Of particular interest is the presence of meaningfully elevated gold values within the IP chargeability zone.

The copper and gold mineralization was confirmed to be controlled by numerous geological faults.

With hole 18-32, not only did gold mineralization occurred right near surface, but it also occurred deeper within the chargeability zone.

0.53 grams per tonne gold were reported from 0 to 26 metres, with 0.45 grams per tonne gold also reported from 35 to 50 metres, along with copper and silver.

In addition, at a core depth of 107 metres, approximately 60 metres below surface, copper assays yielded 6 metres of 0.40% Copper along with gold and silver, and also 3 metres of 0.865% copper with gold and silver values.

Hole 18-34 also showed the extension of the mineralized faults.

At a core depth of 206 metres, approximately 100 to 140 metres below surface, copper grades of 0.26% were reported over 57 metres, including 21 metres of 0.38% along with gold and silver values.

Also at a core depth of 278 metres, approximately 150 to 200 metres below surface, copper grades of 0.56% were reported over 18 metres, including 3 metres of 0.77% copper, along with gold and silver values.

Prior drilling provided a number of well-mineralized drill holes in both the Cuba Zone and the Granby Zone.

Vertical holes DDH-21graded 100.39 metres of 0.95% copper starting at surface, along with 0.55 grams per tonne gold, and 3.47 grams per tonne silver.

Also vertical hole DDH-24 graded 128 metres of 0.34% copper, 0.3 grams per tonne gold and 0.98 grams per tonne silver.

Angle hole DDH-4 graded 64 metres of 0.46% copper, 0.08 grams per tonne gold, and 3.47 grams per tonne silver.

Angle hole DDH-16 graded 96.6 metres of .3% copper, 0.08 grams per tonne gold and 1.76 grams per tonne silver, starting at 12 metres below surface.

The results of the 2018 Phase 1 drilling program are being utilized to target the next round of drilling expected to start in early October 2018.

J. Paul Stevenson, CEO, stated: "The drilling in 2018 Phase 1, combined with previous exploration data and drilling to date, has unquestionably shown a very large and extensive mineralized volcanic, volcaniclastic and sedimentary package which is typical of the Nicola Belt copper-gold porphyries where the Minor Mountain Project is situated. The alteration found in the new 2018 drill holes, as well as in the Cuba Zone's previous drilling, consisting of feldspar, albite, calcite and anhydrite, is typical of Nicola Belt copper-gold porphyries in British Columbia. The intensity of the alteration indicates we are within the system but still distal from the all-important mineralizing intrusive, which would be expected to yield much higher grades of copper and gold, and much better economical values. Sego is using an advanced computer model, including a wire frame model, and also conducting a detailed on-the-ground geology study at Miner Mountain, including a comprehensive review of all our core that has been drilled to date, in order to effectively direct the continuing 2018 Phase 2 drilling campaign toward the source of mineralization."

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 Tradition Territory the Miner Mountain Project is situated.

The shares are trading at $0.04.

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.

Investor relations is handled by MarketSmart Communications at 604-261-4466 or info@marketsmart.ca.

I’m Samantha Deutscher for Investmentpitch Media