TSX-V: SGZ
VANCOUVER,
June 28, 2013 /CNW/ - Sego Resources
is pleased to announce that it had contracted Dr. Jules J. Lajoie PhD., P.Eng., former
Chief Geophysicist of Cominco, Teck-Cominco and Teck Resources, to
reanalyse and integrate the 2009 Titan 24 IP survey and the 2013
Precision Geosciences Airborne Geophysical Survey conducted over
Sego's Miner Mountain Property, near Princeton, BC. The work is now completed and
Sego has received the final report entitled "Titan 24 Re
Processing, Heli Magnetics and Radiometrics
Interpretation".
The report details eight separate target zones
on the property worthy of further investigation through drilling
and/or further geophysics.
Targets #1&2 respectively are the Cuba Zone
for which IP strongly suggests extension to the WNW and ESE, and
the yet untested Quintana Zone, located about 700 m NE of the Cuba
Zone and consisting of a 500 m diameter IP response that coincides
with a Mag low, as occurs over the Cuba Zone mineralization
(100.39m of 0.946% Cu 0.55 g/t Au 3.473 g/t Ag in DDH 21, and
128.02m of 0.344% Cu 0.296 g/t Au 0.975 g/t Ag in DDH 24 in the
Cuba Zone-NR March 12,
2012).
Target #3 is immediately south and upslope of
the Regal Zone which contains attractive copper grades and has been
interpreted to be a post-glacial landslide deposit.
Target #4 is in the approximately 1.5 km, and
open, E-W IP high in the SW part of the survey area, and is
"located immediately north of strong magnetic anomalies, a
situation not unlike that at Copper Mountain". As a start three
holes are recommended for this target.
Targets #5&6 are in the south-eastern part
of the Titan 24 IP survey. Target #6 shows increasing chargeability
at depth and to the east, with depth to the top of the deep
chargeability indicated to be in the 100-200 m range on the
easternmost line.
Targets #7&8 are both in the northern part of the property,
in excess of 1 km north of the Quintana Zone (Target #2) in an area
not covered by the Titan 24 IP survey. Target #7 is a strong mag
low. Target #8 is a sub-circular area about 1 km in diameter
"...displaying unusually quiet mag (magnetite destruction?) with
the center showing somewhat elevated mag and K/Th ratio, as one
might expect for the central core of a porphyry system." IP
coverage is recommended for both areas.
Sego has already located mineralization and/or alteration in
target areas 1 through 7, with surface exploration including
trenching, soil geochemistry and surface geological mapping. The
report is now being reviewed by Sego's Exploration team.
The report is available on the Sego Website under "Technical
Reports".
Sego is currently conducting a financing by short form offering
document (NR May 14, 2013) and
anticipates closing the financing on or before July 12, 2013 and expects to commence
drilling mid-July.
This News Release has been reviewed by Chris Sampson, P.Eng. ARSM and Vic Preto, PhD, P.Eng., both qualified persons
under NI 43-101.
Sego's sole project is the Miner Mountain Project a Copper Gold
Porphyry Project near Princeton,
BC, 15 kilometres north of Copper Mountain Mining
Corporation's - Mitsubishi's Copper Mountain Mine. The Miner
Mountain Project is situated within the Traditional Territory of
the Upper Similkameen Indian Band with whom Sego has an MOU. The
Miner Mountain property is 2,056.54 hectares in size.
J. Paul
Stevenson, CEO
Sego Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No regulatory authority has approved or
disapproved the information contained in this news release. This
release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statement of historical facts that address future production,
reserve potential, exploration drilling, exploitation activities
and events or developments that the Company expects re
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, statements are not guarantees of future
performance and actual results or developments may differ
materially from the forward-looking statements. Factors that could
cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees
of future performance and that actual results or developments may
differ materially from those projected in the forward-looking
statements.
SOURCE Sego Resources Inc.
