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Sego Initiates Drilling at Miner Mountain Copper/Gold Porphyry Project
TSX-V: SGZ VANCOUVER, July 29 /CNW/ - Sego Resources reports that permits have been received to d...
About this update from Sego Resources Inc.
[{"type":"text","content":"\n\n\n\nTSX-V: SGZ\n\n\nVANCOUVER, July 29 /CNW/ - Sego Resources reports that permits have been\nreceived to drill the Granby (News Release May 12 2008) and Regal Zone (News\nRelease June 2 2008 ) at its copper gold porphyry project near Princeton, BC.\nSego Resources Inc. suspects that the Regal and Granby Zones may join. Ongoing\ntrenching and the upcoming drilling will test this possibility. The trenching\nand reclamation is contracted to the Upper Similkameen Indian Band. The drill\ncontract has been let to Target Drilling of Kamloops, BC and drilling is\nexpected to commence August 7, 2008. Vic Preto, Ph.D., P.Eng. is the qualified\nperson for the project. Results will be announced as they are available.\n\n\nThe Miner Mountain Project is a Copper Gold Porphyry Project near\nPrinceton, BC, 15 kilometres north of Copper Mountain Mining Corporation's\nformer copper producer, (closed 1996) that is now planning to re-start\nproduction in 2010 following its recent favourable feasibility study. The\nMiner Mountain Project is situated within the Traditional Territory of the\nUpper Similkameen Indian Band with whom Sego has an MOU. The Miner Mountain\nproperty is 2400 hectares in size. Sego Resources has funding in place for a\none million dollar exploration program in 2008. (Note News Release dated\nJanuary 2, 2008)\n\n\n"J. Paul Stevenson, CEO"\n\n\nSego Resources Inc.\n\n\n"No regulatory authority has approved or disapproved the information\ncontained in this news release. This release includes certain statements that\nmay be deemed "forward-looking statements". All statements in this release,\nother than statement of historical facts, that address future production,\nreserve potential, exploration drilling, exploitation activities and events or\ndevelopments that the Company expects are forward-looking statements. Although\nthe Company believes the expectations expressed in such forward-looking\nstatements are based on reasonable assumptions, statements are not guarantees\nof future performance and actual results or developments may differ materially\nfrom the forward-looking statements. Factors that could cause actual results\nto differ materially from those in forward-looking statements include market\nprices, exploitation and exploration successes, continued availability of\ncapital and financing, g...