Sego Samples >10,000 ppm Copper, 3,752 ppb Gold and 36.4 G/T Silver in Gossan
Cap
VANCOUVER, Dec. 15 /CNW/ - Sego Resources is pleased to report the first round of geochemical results from the recent Granby Zone Trenching program. The results are from Trench 96 and Trench 97. As stated in the December 8th news release the trenching had located a large area of gossanous material with copper oxide mineralization. Trench 96, is located approximately 40 metres west of diamond drill hole MM-10-19 , which intersected 60.4 metres averaging 0.24% copper,0.16 g/t gold and 0.72 g/t silver, and bottomed in mineralization (See May 26 2010 N.R.) . This trench, approximately 200 metres long and oriented in a northeasterly direction, is located in the area identified by Dr. S. Tribe, P.Geo. in her March 17,2010 Terrain Study of Miner Mountain as a headscarp of the Regal slide zone.
Approximately 40 metres west and 15 metres downslope of Trench 96, Trenches 40 and 22 cut copper mineralization in oxidized rock ranging from high individual assays( 1.87 % copper and 0.09 g/t gold ; 1.40 % copper and 0.65 g/t gold) to a well mineralized zone of 19 metres averaging 0.99 % copper and 0.65 g/t gold. Please see news releases of April 24, 2008 and May 12, 2008 on our web site. Trench 96 cut, but did not penetrate, a 100 metre zone of intensely clay altered and leached, gossanous cap rock with sparse oxide copper mineralization.
Due to the depth of the trench (more than 10 metres), chip samples of bedrock could not be taken, hence 1-metre representative grab samples were taken from the broken excavated rock along the trench.
The highest grade zone is a 10 metre section with multiple assays of >10,000 ppm Copper (Cu), over 20 ppm Silver (Ag) and over 1000 ppb (1 Gram/Tonne) Gold (Au). >10,000 means greater than 10,000 ppm copper (1% copper) and is at the top limit of measurement and must be fire assayed to arrive at the true value. This occurs in a section of oxidized volcanic rocks containing limonite and hematite with 2-3% pyrite and malachite/azurite mineralization. The section is also heavily faulted with numerous zones of gouge and breccia.
| Sample |
Type |
WT_KG |
Cu_ppm |
Ag_ppm |
Au_PPB |
| MM10TR96R94 |
Rock |
1.78 |
>10000 |
0.2 |
89.7 |
| MM10TR96R95 |
Rock |
1.47 |
8990.4 |
9.6 |
945.3 |
| MM10TR96R96 |
Rock |
2 |
6729 |
0.6 |
165 |
| MM10TR96R97 |
Rock |
1.35 |
1671.4 |
0.9 |
100.5 |
| MM10TR96R98 |
Rock |
1.41 |
>10000 |
4.6 |
510.4 |
| MM10TR96R99 |
Rock |
1.14 |
>10000 |
26.7 |
4030.9 |
| MM10TR96R100 |
Rock |
1.24 |
>10000 |
41.2 |
3648.4 |
| MM10TR96R101 |
Rock |
1.15 |
>10000 |
39.2 |
1928.7 |
| MM10TR96R102 |
Rock |
1.3 |
>10000 |
36.4 |
3752.5 |
This heavily mineralized zone occurs within a 50 metre wide zone of gossanous material in limonite bearing volcanics as described above. Within this 50 metre wide zone there are numerous 1 metre samples with significant Copper (>1000 ppm) and Gold (>100 ppb) results.
| Sample |
Type |
WT_KG |
Cu_ppm |
Ag_ppm |
Au_PPB |
| MM10TR96R66 |
Rock |
1.51 |
2044.5 |
0.5 |
30 |
| MM10TR96R67 |
Rock |
1.22 |
3469.5 |
0.5 |
32 |
| MM10TR96R68 |
Rock |
1.5 |
597.2 |
0.1 |
23.6 |
| MM10TR96R69 |
Rock |
1.93 |
770 |
0.2 |
34.8 |
| MM10TR96R70 |
Rock |
1.24 |
1154.2 |
0.6 |
52.9 |
| MM10TR96R71 |
Rock |
1.83 |
3851.2 |
1.1 |
393.5 |
| MM10TR96R72 |
Rock |
1.45 |
4918.7 |
1.3 |
254.3 |
| MM10TR96R73 |
Rock |
1.43 |
2067.5 |
0.7 |
369.9 |
| MM10TR96R74 |
Rock |
1.57 |
2537 |
1 |
414.1 |
| MM10TR96R75 |
Rock |
1.59 |
1550.8 |
0.4 |
52.3 |
| MM10TR96R76 |
Rock |
1.38 |
1036.5 |
0.8 |
47.8 |
| MM10TR96R77 |
Rock |
1.2 |
689.7 |
0.6 |
65.5 |
| MM10TR96R78 |
Rock |
1.44 |
548.3 |
0.2 |
72.1 |
| MM10TR96R79 |
Rock |
1 |
481.3 |
0.2 |
13.1 |
| MM10TR96R80 |
Rock |
1.21 |
1054.2 |
1.5 |
35.8 |
| MM10TR96R81 |
Rock |
1.6 |
320.9 |
0.1 |
11.7 |
| MM10TR96R82 |
Rock |
1.68 |
354.2 |
0.3 |
37.7 |
| MM10TR96R83 |
Rock |
1.2 |
229.1 |
0.1 |
10.3 |
| MM10TR96R84 |
Rock |
1.74 |
1110.7 |
0.1 |
10.7 |
| MM10TR96R85 |
Rock |
1.51 |
957.3 |
0.2 |
13.9 |
| MM10TR96R86 |
Rock |
1.1 |
792.1 |
0.2 |
21.5 |
| MM10TR96R87 |
Rock |
1.21 |
1710.6 |
0.1 |
9.5 |
| MM10TR96R88 |
Rock |
1.48 |
969.3 |
0.1 |
14.1 |
| MM10TR96R89 |
Rock |
1.49 |
1337.9 |
0.1 |
5.1 |
| MM10TR96R90 |
Rock |
1.68 |
2940.9 |
0.1 |
4.3 |
| MM10TR96R91 |
Rock |
1.24 |
3972.6 |
0.3 |
79.4 |
| MM10TR96R92 |
Rock |
1.24 |
7425.5 |
0.5 |
106.3 |
| MM10TR96R93 |
Rock |
1.21 |
2096.6 |
0.3 |
211.9 |
| MM10TR96R94 |
Rock |
1.78 |
>10000 |
0.2 |
89.7 |
| MM10TR96R95 |
Rock |
1.47 |
8990.4 |
9.6 |
945.3 |
| MM10TR96R96 |
Rock |
2 |
6729 |
0.6 |
165 |
| MM10TR96R97 |
Rock |
1.35 |
1671.4 |
0.9 |
100.5 |
| MM10TR96R98 |
Rock |
1.41 |
>10000 |
4.6 |
510.4 |
| MM10TR96R99 |
Rock |
1.14 |
>10000 |
26.7 |
4030.9 |
| MM10TR96R100 |
Rock |
1.24 |
>10000 |
41.2 |
3648.4 |
| MM10TR96R101 |
Rock |
1.15 |
>10000 |
39.2 |
1928.7 |
| MM10TR96R102 |
Rock |
1.3 |
>10000 |
36.4 |
3752.5 |
| MM10TR96R103 |
Rock |
1.14 |
>10000 |
22.1 |
1736.2 |
| MM10TR96R104 |
Rock |
1.11 |
2326.5 |
1.1 |
79 |
| MM10TR96R105 |
Rock |
1.48 |
598 |
0.3 |
77.5 |
| MM10TR96R106 |
Rock |
1.2 |
2200 |
0.6 |
71.2 |
| MM10TR96R107 |
Rock |
1.16 |
1142.5 |
0.4 |
87.2 |
| MM10TR96R108 |
Rock |
1.45 |
1452.1 |
0.8 |
117.8 |
| MM10TR96R109 |
Rock |
1.03 |
1435.9 |
0.4 |
65.1 |
| MM10TR96R110 |
Rock |
1.5 |
1221.9 |
0.4 |
51.7 |
| MM10TR96R111 |
Rock |
1.57 |
1168.6 |
0.4 |
55.9 |
| MM10TR96R112 |
Rock |
1.46 |
5718.2 |
1.9 |
231.4 |
| MM10TR96R113 |
Rock |
1.22 |
2518.3 |
0.8 |
100.7 |
| MM10TR96R114 |
Rock |
1.3 |
475.9 |
0.2 |
49.1 |
| MM10TR96R115 |
Rock |
1.12 |
1794.5 |
0.9 |
216.2 |
| MM10TR96R116 |
Rock |
1.23 |
2916.4 |
1.1 |
189.1 |
At the start of sampling, at the north end of Trench 96 in what is interpreted to be a Microdiorite, there is a zone of elevated copper and gold mineralization, typical of a leached cap over a porphyry copper deposit.
| Sample |
Type |
WT_KG |
Cu_ppm |
Ag_ppm |
Au_PPB |
| MM10TR96R03 |
Rock |
1.33 |
456.2 |
0.3 |
63.9 |
| MM10TR96R04 |
Rock |
1.26 |
208 |
0.2 |
36.5 |
| MM10TR96R05 |
Rock |
1.37 |
291.7 |
0.2 |
48.9 |
| MM10TR96R06 |
Rock |
1.26 |
351.9 |
0.2 |
44.9 |
| MM10TR96R07 |
Rock |
1.1 |
355.1 |
0.2 |
38.2 |
| MM10TR96R08 |
Rock |
1.38 |
324.3 |
0.2 |
38.8 |
| MM10TR96R09 |
Rock |
1.12 |
434.7 |
0.4 |
124.3 |
| MM10TR96R10 |
Rock |
1.47 |
566.5 |
0.4 |
253.5 |
| MM10TR96R11 |
Rock |
1.16 |
812.8 |
0.4 |
57.9 |
| MM10TR96R12 |
Rock |
1.2 |
777.1 |
0.5 |
121.5 |
To the south of this initial zone, there is a zone of elevated path finder elements including Molybdenum (up to 40 ppm) and Zinc (>10,000 ppm) , along with significant Copper (> 1000 ppm and Gold (> 100 ppb) . This zone ends a few metres before the 50 metre zone of copper/gold mineralization from R66 to R116.
| Sample |
Type |
WT_KG |
Mo_ppm |
Cu_ppm |
Zn_ppm |
Ag_ppm |
Au_PPB |
| MM10TR96R34 |
Rock |
1 |
1.6 |
3419.6 |
293 |
2.4 |
468.4 |
| MM10TR96R35 |
Rock |
1.1 |
1.3 |
461.8 |
304 |
0.4 |
31 |
| MM10TR96R36 |
Rock |
1.48 |
1.6 |
435.8 |
416 |
0.4 |
54.7 |
| MM10TR96R37 |
Rock |
1.5 |
1.7 |
554.1 |
1045 |
0.7 |
173.5 |
| MM10TR96R38 |
Rock |
1.27 |
3.5 |
927.6 |
1148 |
0.8 |
176 |
| MM10TR96R39 |
Rock |
1.01 |
3.7 |
2420.3 |
639 |
1.6 |
224.9 |
| MM10TR96R40 |
Rock |
1.17 |
1.4 |
655 |
731 |
0.7 |
93.7 |
| MM10TR96R41 |
Rock |
1.3 |
1.2 |
1008.7 |
517 |
1 |
83.9 |
| MM10TR96R42 |
Rock |
1.16 |
2.5 |
985.5 |
1537 |
2 |
184.4 |
| MM10TR96R43 |
Rock |
1.12 |
1.6 |
578.3 |
1131 |
1.3 |
106.2 |
| MM10TR96R44 |
Rock |
1.46 |
40.2 |
1100.6 |
>10000 |
3.3 |
296 |
| MM10TR96R45 |
Rock |
1.52 |
0.4 |
278.5 |
383 |
0.3 |
32 |
Sego also received rock geochemistry for Trench 97, which is 87 metres east of Trench 96. The trench did not penetrate the gossanous cap, but did have elevated copper values (>500 ppm) over a strong Titan 24 chargebility anomaly. All rock geochemistry samples greater than 1000 ppm Copper will be fire assayed.
This News Release was reviewed and approved by V.A. Preto Ph.D., P. Eng. A Qualified Person under NI 43 -101.
Please see our website at www.segoresources.com
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 are 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.
For further information:
please contact: John Geisler, Investor Relations,[email protected]or 1-866-683-2933.
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