Welcome to our dedicated page for SEGO RES news (Ticker: SGOZF), a resource for investors and traders seeking the latest updates and insights on SEGO RES stock.
Sego Resources Inc. (SGOZF) generates news primarily from exploration activities at its 100%-owned Miner Mountain Project, an alkalic copper-gold porphyry and gold exploration project near Princeton, British Columbia. Company updates focus on work programs in the South Gold Zone and the Cuba Zone, where Sego is testing near-surface gold and deeper copper-gold porphyry mineralization.
News releases cover topics such as diamond drilling campaigns, drill hole completion, logging and sampling of core, and shipment of samples to laboratories for assay. Investors can follow announcements on new discoveries, including Sego’s reported discovery of a new copper porphyry within the South Gold Zone, hosted in potassic altered intrusions and associated volcaniclastic rocks with chalcopyrite mineralization.
Sego also publishes updates on technical studies, including the Exploration Target Review and 3D geological modeling work completed by SRK Consulting for the South Gold Zone. These news items describe conceptual tonnage and grade ranges, the nature of the mineralization, and recommended infill and deep drilling to advance the project.
Additional news includes corporate developments such as board and officer changes, stock option grants, and early warning reports related to significant shareholdings. Together, these updates provide a view of both the technical progress at Miner Mountain and the corporate actions of Sego Resources. Readers interested in copper-gold porphyry and gold exploration in British Columbia can use this page to follow Sego’s ongoing exploration programs, conceptual target work, and corporate disclosures over time.
Sego Resources Inc. (TSXV: SGZ) has received an Exploration Target Review from SRK Consulting for the South Gold Zone at its Miner Mountain Project. The review estimates a potential 5,000,000 to 8,000,000 tonnes of mineralization with 0.5 to 0.7 grams per tonne of gold, potentially containing 100,000 to 150,000 ounces of gold. SRK developed a 3D litho-structural model and proposed additional infill drilling locations to test structural features and potentially increase the target size.
The study is based on 22 diamond core holes and 1,545 gold assay data. SRK used Inverse Distance interpolation and an average specific gravity of 2.7 to estimate tonnage. Next steps include completing SRK's recommended drilling and further exploration of a copper-gold porphyry target north of the South Gold Zone.
Sego's Board has granted 6,775,000 stock options to directors, officers, and consultants, exercisable at $0.08 until July 25, 2029, subject to TSX Venture Exchange approval.
On July 9, 2024, Sego Resources (TSXV: SGZ, OTC Pink: SGOZF) announced changes to its board of directors. Sven Gollan has resigned due to his commitments as CEO of Teako Minerals. Sego has appointed Paul McGroary, an experienced director from Copper Lake Resources, to the board. McGroary brings over 30 years of experience in mining exploration, oil, and marketing technologies. The board expressed gratitude for Gollan's contributions and looks forward to McGroary's input.
Sego Resources has engaged SRK Consulting to develop a 3D geological model and estimate the exploration target potential for the Southern Gold Zone at the Miner Mountain Project. This zone features fine-grained disseminated gold within altered intrusions and volcanics, extending from the surface down to a vertical depth of 80-100 meters. The mineralization zone measures approximately 280 by 140 meters. Significant drill intersections were reported, including a 59.11m interval with 1.03 g/t gold (DDH-46) and an 88.11m interval with 1.08 g/t gold (DDH-47). This initiative marks an essential step in advancing the exploration and development of Sego's copper-gold porphyry targets.
Elliot Strashin purchased 5,000,000 private placement units of the Company at $0.02 per unit, triggering the filing of an Early Warning Report. He now holds approximately 14.66% of the issued and outstanding common shares. All securities are held for investment purposes, with potential future purchases or sales based on market conditions.