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Sego Resources ( (TSE:SGZ) ) just unveiled an update.
Sego Resources Inc. has mobilized a diamond drill and field team to its Miner Mountain Alkalic Copper-Gold and Gold project in British Columbia, with plans to drill approximately 1,000 meters. The drilling program aims to explore both the South Gold Zone and the Cuba Zone, with the goal of confirming gold mineralization continuity and testing a non-cyanide leaching process for gold recovery. The South Gold Zone is estimated to contain 90,000 to 150,000 ounces of near-surface gold, while the Cuba Zone will be explored for deeper copper-gold mineralization. This initiative could enhance Sego’s resource estimates and potentially improve the project’s economic and environmental viability.
More about Sego Resources
Sego Resources Inc. is a company focused on the exploration of copper-gold porphyry and gold projects. It is the 100% owner of the Miner Mountain Project, an alkalic copper-gold exploration venture located near Princeton, British Columbia. The project spans 2,056 hectares and is situated 15 km north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band and has been recognized for its reclamation work on the Miner Mountain Project.
Average Trading Volume: 173,077
Technical Sentiment Signal: Sell
Current Market Cap: C$4.32M
For a thorough assessment of SGZ stock, go to TipRanks’ Stock Analysis page.