Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Sego Resources ( (TSE:SGZ) ) has issued an announcement.
Sego Resources Inc. has announced plans for a non-brokered private placement of up to $700,000 to fund drilling and development at its Miner Mountain Project. The project includes the South Gold Zone, which contains near-surface gold mineralization, and the Cuba Zone, known for deeper copper-gold deposits. The funds will support drilling programs aimed at confirming gold continuity and exploring deeper copper-gold intersections. The private placement will involve the sale of flow-through and non-flow-through units, with proceeds allocated to exploration and corporate purposes. This initiative is expected to enhance the project’s resource classification and potentially improve economic and environmental outcomes.
More about Sego Resources
Sego Resources Inc. operates in the mining industry, focusing on the exploration and development of copper-gold mineralization projects. The company is primarily engaged in the advancement of its Miner Mountain Project located near Princeton, British Columbia, which features both near-surface gold and deeper copper-gold mineralization zones.
Average Trading Volume: 103,363
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.44M
For a thorough assessment of SGZ stock, go to TipRanks’ Stock Analysis page.