- Sego Resources (SGZ) announced Tuesday, that it intends to initiate a drill program on April 15
- The drill program will take place at the Southern Gold Zone of the company’s Miner Mountain Porphyry Copper-Gold Project
- The drill program will test the northern and western expansion of the Southern Gold Zone
- It will test for the potential of deeper porphyry copper-gold mineralization indicated by historical geophysical anomalies
- Sego Resources is unchanged, trading at $0.085 at 2:30 p.m. ET
Sego Resources (SGZ) has announced plans to initiate a drill program on April 15.
The drill program will take place at the Southern Gold Zone of the company’s Miner Mountain Porphyry Copper-Gold Project.
The project is located near Princeton, British Columbia.
The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Copper Mountain Mining Corporation and Mitsubishi Copper.
The drill program will test the northern and western expansion of the Southern Gold Zone and will test for the potential of deeper porphyry copper-gold mineralization indicated by historical geophysical anomalies.
The first proposed drill hole inclined at 50° will penetrate to a depth of 400 to 500 metres and will target two zones.
Several planned holes in the western side of the Southern Gold Zone will explore a 100 to 150-metre extension of the gold mineralization. If results confirm the potential for copper-gold mineralization these western holes will be extended from around 125-metre depths to several hundred metres.
Sego Resources is unchanged, trading at $0.085 at 2:30 p.m. ET.