Vancouver, British Columbia--(Newsfile Corp. - March 13, 2017) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that the Company has submitted a new Five Year Area Based Exploration Permit Application with support from local First Nations and the land holder. The new permit will allow the Company to explore the Miner Mountain Project, near Princeton, B.C., for five years without additional permitting delays. Sego reclaims all land disturbances immediately and has received an Award of Excellence for Best Reclamation — Mining Exploration for its reclamation work at Miner Mountain. The Company believes that with this history and the support of First Nations and interested stakeholders the Permit Application will not be unduly delayed.
Sego has engaged More Core Drilling for the diamond drilling and plans are in place to begin the 2017 program immediately after break-up (late March-early April). An initial 2-4 drill holes are planned (dependent on depth drilled). Drill sites have been selected to extend the area of significant alteration and Copper-Gold mineralization outlined in 2012 where hole DDH-12-21 (-90) encountered 100m of 0.95% copper, 0.55grams/tonne gold and hole DDH-12-28 (azimuth 120 @ -45) bottomed in 3m of 0.6% copper, 0.3 grams/tonne gold (see NR March 12, 2012). The 2017 program is designed to extend the above intersections laterally and at depth.
Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry exploration project near Princeton, 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, on whose Traditional Territory the Miner Mountain Project is situated.
A brief video update is available on our website www.segoresources.com under Latest News Release or at the following URL: https://www.youtube.com/watch?v=wPs4K62mri4
This News Release was reviewed and approved by Selina Tribe, Ph.D., P.Geo., and Vic Preto, Ph.D.,P.Eng. Qualified Persons under NI 43 -101.
