VANCOUVER, Jan. 23 /CNW/ - Sego Resources has completed geological mapping and sampling of outcrops on its Miner Mountain Porphyry Copper Gold Palladium Project near Princeton, BC. The sampling identified a 70-190m x 1100m oxide zone across two previously known mineralized zones. This indicates a significant extension to what was known as the Granby Zone.
An additional zone has been identified in the southern area of the property that was not previously recognized. Rock geochemistry was conducted and one result of (greater than) 10,000 ppm Copper, 9.3 ppm silver and 19.2 ppb gold has made this a priority target area. This is a third porphyry target found to date.
The success of surface mapping has indicated that trenching will be a valuable tool prior to diamond drilling. Permit applications are being processed with trenching expected to begin towards the end of January. The Miner Mountain property, near Princeton, BC, is 2400 hectares in size. Due to limited snowfall and low elevation this property is accessible for work year round. Sego Resources has funding in place for a one million dollar exploration program in 2008. (Note News Release dated January 2, 2008)
This news release has been reviewed and approved by Sean Daly, P.Geo., a qualified person as defined by NI-43(101).
J. Paul Stevenson, CEO
Sego Resources Inc.
"No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements."