This shows drilling at the Miner Mountain site in 2018. Drilling this summer has shown good levels of gold with. The Copper Mountain Mine near Princeton is in the background.
Image Credit: Submitted/Sergoresources.com
August 19, 2021 - 7:00 AM
Vancouver-based Sego Resources found gold while drilling recently at its Miners Mountain site 30 km west-northwest of the historic Hedley Gold Mine, near Princeton.
Further drilling, to start this fall if wildfire conditions permit, will be looking to determine how big the gold play may be and whether there is also mineable copper on the 2,000 hectare site.
“We first drilled hoping for one-half a gram (of gold) a tonne,” Paul Stevenson, CEO and director of Sego Resources Inc., told iNFOnews.ca. “One gram a tonne is considered excellent.”
Drilling had to stop this summer because of wildfires. Further drilling will attempt to see how big the gold deposit is and how deep it goes.
The drill holes only went down about 100 metres but plans are to drill five more holes in the fall going down about 200 metres over a wider area.
The assay results showed just under one gram of gold per tonne in some areas. That may seem a tiny amount but, Stevenson said, it can easily be mined as an open pit mine and the gold can easily be separated from the surrounding material.
The drilling result “indicates the potential for a very low cost bulk mineable gold producer,” a Sego news release states.
Still, it will take at least another year of drilling to know if it’s a viable deposit.
“You build a resource, which is a kind of global, not too detailed definition of how many tonnes there is of what grade,” Stevenson said. “Then you infill drill to see if you’ve got a reserve. So there are quite a few steps to go through yet.”
The company believes this is a gold-copper porphyry system. That is, a large area containing not only gold but copper which is common to a number of mines in the Princeton area.
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“By fluke we got onto this gold,” Stevenson said. “But we do believe this is related to a copper porphyry.”
For more detailed information go to the Sego Resources website here.
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