The Miner Mountain Project a Copper Gold Porphyry Project near Princeton, BC, 15 kilometres north of Copper Mountain Mining Corporation's - Mitsubishi's Copper Mountain Mine. The Miner Mountain Project is situated within the Traditional Territory of the Upper Similkameen Indian Band with whom Sego has an MOU. The Miner Mountain property is 2,056.54 hectares in size.
The property is 3 kilometres from the town of Princeton with a major highway, a cell phone tower and a sawmill within the property boundary. The region has a long tradition of mining and is strongly in favour of further development. Sego Resources Inc has been exploring the Miner Mountain property since 2007 and has developed targets with the footprint of a major alkalic copper-gold porphyry system.
The current exploration focus on the property is a 600m by 350m zone of Copper-Gold ± Silver mineralization, which has been explored down to 300m and is open to the east, west and at depth. This zone of mineralization is located within an arcuate IP anomaly (the Cuba Zone) which links to much larger buried IP anomalies to the north (the Quintana zone) and to the south (the Crankshaft anomaly). Both buried anomalies have surface copper-gold mineralization, oxide zones, and alkalic porphyry alteration.
The Miner Mountain Property is located in the upper Triassic Nicola group of Quesnellia. The Nicola group is the most prolific porphyry belt in Canada with porphyry deposits in production such as Teck’s Highland Valley, Taseko’s Gibraltar, Imperial Metals’ Mt Polley, New Gold’s Afton, KGHM’s Ajax, Thompson Creek’s Mt Milligan, Goldfield’s Woodjam Southeast, and CMMC’s Copper Mountain. The richness of the area has attracted majors such as Xstrata Copper, Freeport-Mcmoran for generative exploration, and new discoveries continue to be made such as Serengeti’s Kwanika-Central Zone (2006), in 2006 and Goldfield’s Woodjam North (2007). The importance to the BC mining industry is shown by the fact that 5 of the 10 operating metal mines (2012) in the province are located the Nicola group.
In August 2012 to advise Sego on the exploration and development of the property the management has formed a technical advisory comitte composed of Vic Preto Ph.D. ,P. Eng, Nick Carter Ph.D., P.Eng , and Christos Doulis CFA. Dr Preto and Dr Carter are both world recognized experts in British Columbia Porphyry Copper Deposits, with extensive experience in exploration. Christos Doulis has been active in the financial side of the mining industry for 18 years, including Vice President in the Mining Investment Banking group at Blackmont Capital, and a Partner at Gryphon Partners, a global corporate advisory consultancy specializing in mining and resource company mandates.