TSX-V: SGZ
VANCOUVER, April 24 /CNW/ - Sego Resources reports that the first re-assays and fire assays from the 3200 metre excavator trenching program on its Miner Mountain Project have been received. The trenching and reclamation is being managed by the Upper Similkameen Indian Band and its highly qualified personnel. Mapping and sampling is being conducted by Sean Daly, P.Geo. and Curt Kauss and consulting is being provided by Vic Preto, Ph.D., P.Eng. The trenching to date, currently in what has been known as the Granby Zone, has reached well mineralized bedrock, most of which was not reached by historical bulldozer trenching. The company has new results for the first 14 trenches of a total of 49 trenches to date. In some locations the overburden was too deep for trenching to reach bedrock. A number of the samples ran greater than 10,000 ppm copper and greater than 2 ppm gold which is the upper limit of accuracy for ICP methods. For this reason Sego Resources Inc. re-assayed for total copper, and gold/silver highs by fire assay with an ICP finish. These results are in the table. Sample designation: C equals 1 metre rock chip sample, R equals Rock grab sample taken from spoil where trench was too deep and unstable to safely enter for chip sampling.
Sample Material Sampled Cu % Au Grams/T Ag Grams/T MM08TR01C01 Chip 0.29 0.19 3 MM08TR01C02 Chip 2.04 3.21 51 MM08TR01C03 Chip 1.18 1.63 32 ------------------------------------------------------------------------- Average (3 m) 1.17 1.68 28.67 MM08TR01C15 Chip 0.42 0.07 2 MM08TR01C16 Chip 0.28 0.03 2 MM08TR01C17 Chip 0.47 0.01 2 MM08TR01C18 Chip 0.28 0.05 3 MM08TR01C19 Chip 0.24 0.04 2 MM08TR01C20 Chip 0.31 0.04 3 MM08TR01C21 Chip 0.43 0.03 3 MM08TR01C22 Chip 0.7 0.09 4 MM08TR01C23 Chip 0.84 0.07 15 MM08TR01C24 Chip 1.14 0.59 5 MM08TR01C25 Chip 0.39 0.02 2 MM08TR01C26 Chip 0.21 0.01 2 MM08TR01C27 Chip 0.63 0.27 4 MM08TR01C28 Chip 0.57 0.05 4 MM08TR01C29 Chip 0.36 0.07 2 MM08TR01C30 Chip 0.3 0.03 2 MM08TR01C31 Chip 0.43 0.03 3 MM08TR01C32 Chip 0.15 0.02 2 MM08TR01C33 Chip 0.15 0.02 2 MM08TR01C34 Chip 0.55 0.07 3 MM08TR01C35 Chip 0.53 0.09 3 MM08TR01C36 Chip 0.55 0.1 3 MM08TR01C37 Chip 0.31 0.03 2 MM08TR01C38 Chip 0.29 0.05 3 ------------------------------------------------------------------------- Average (23 m) 0.46 0.08 3.39 Includes MM08TR01C21 Chip 0.43 0.03 3 MM08TR01C22 Chip 0.7 0.09 4 MM08TR01C23 Chip 0.84 0.07 15 MM08TR01C24 Chip 1.14 0.59 5 ------------------------------------------------------------------------- Average (4 m) 0.77 0.2 6.75 Sample Material Sampled Cu % Au Grams/T Ag Grams/T MM08TR07C01 Chip 0.21 0.10 2.00 MM08TR07C02 Chip 0.40 0.39 2.00 MM08TR07C03 Chip 0.58 0.39 2.00 MM08TR07C04 Chip 0.27 0.06 2.00 MM08TR07C05 Chip 0.57 0.45 2.00 MM08TR07C06 Chip 0.10 0.11 2.00 MM08TR07C07 Chip 0.03 0.02 2.00 MM08TR07C08 Chip 0.50 0.23 3.00 MM08TR07C09 Chip 0.10 0.04 2.00 MM08TR07C10 Chip 0.32 0.16 3.00 ------------------------------------------------------------------------- Average (10 M) 0.31 0.20 2.20 MM08TR07C16 Chip 0.21 0.03 2.00 MM08TR07C17 Chip 0.32 0.08 2.00 MM08TR07C18 Chip 0.32 0.06 2.00 MM08TR07C19 Chip 0.39 0.21 4.00 ------------------------------------------------------------------------- Average (4 m) 0.31 0.10 2.50 MM08TR07C26 Chip 0.17 0.06 3.00 MM08TR07C27 Chip 0.12 0.02 2.00 MM08TR07C28 Chip 0.15 0.09 3.00 MM08TR07C29 Chip 0.18 0.08 2.00 MM08TR07C30 Chip 0.11 0.03 2.00 MM08TR07C31 Chip 0.15 0.06 2.00 MM08TR07C32 Chip 0.17 0.12 2.00 MM08TR07C33 Chip 0.14 0.05 2.00 ------------------------------------------------------------------------- Average (8 M) 0.15 0.06 2.25 MM08TR07C34 Chip 0.08 0.00 3.00 MM08TR07C35 Chip 0.11 0.10 2.00 MM08TR07C36 Chip 0.06 0.00 2.00 MM08TR07C37 Chip 0.08 0.00 7.00 MM08TR07C38 Chip 0.19 0.57 2.00 MM08TR07C39 Chip 0.16 0.24 2.00 MM08TR07C40 Chip 0.17 0.28 2.00 MM08TR07C41 Chip 0.10 0.01 2.00 ------------------------------------------------------------------------- Average (4 M) 0.15 0.28 2.00 MM08TR07C66 Chip 0.48 1.14 9.00 ------------------------------------------------------------------------- Average (1 M) 0.48 1.14 9.00 Sample Material Sampled Cu % Au Grams/T Ag Grams/T MM08TR07R01 Rock 0.22 0.47 3.00 MM08TR07R02 Rock 0.52 0.45 4.00 MM08TR07R03 Rock 0.42 0.64 5.00 MM08TR07R04 Rock 0.65 0.79 5.00 MM08TR07R05 Rock 0.62 0.54 4.00 MM08TR07R06 Rock 0.25 0.30 2.00 ------------------------------------------------------------------------- Average (6 M) 0.45 0.53 3.83 MM08TR08R01 Rock 2.80 1.52 2 MM08TR08R02 Rock 0.79 0.09 2 MM08TR08R03 Rock 0.13 0.21 2 ------------------------------------------------------------------------- Average (3 M) 1.24 0.61 2 Sample Material Sampled Cu % Au Grams/T Ag Grams/T MM08TR14R01 Rock 0.41 0.22 2.00 MM08TR14R02 Rock 0.18 0.11 2.00 MM08TR14R03 Rock 0.10 0.10 2.00 ------------------------------------------------------------------------- Average (3 M) 0.70 0.43 6.00 MM08TR14R05 Rock 0.31 0.04 2.00 ------------------------------------------------------------------------- Average (1 M) 0.31 0.04 2.00 MM08TR14R08 Rock 0.16 0.04 2.00 MM08TR14R09 Rock 0.20 0.04 2.00 MM08TR14R10 Rock 0.17 0.04 2.00 MM08TR14R11 Rock 0.24 0.06 2.00 MM08TR14R12 Rock 0.22 0.06 2.00 MM08TR14R13 Rock 0.32 0.06 2.00 MM08TR14R14 Rock 0.27 0.07 2.00 MM08TR14R15 Rock 0.23 0.13 2.00 MM08TR14R16 Rock 0.13 0.03 2.00 MM08TR14R17 Rock 0.18 0.06 2.00 MM08TR14R18 Rock 0.20 0.06 2.00 MM08TR14R19 Rock 0.35 0.24 2.00 MM08TR14R20 Rock 0.54 0.40 2.00 MM08TR14R21 Rock 1.40 0.65 3.00 MM08TR14R22 Rock 1.12 0.58 3.00 MM08TR14R23 Rock 0.93 0.54 3.00 MM08TR14R24 Rock 0.31 0.15 2.00 MM08TR14R25 Rock 0.82 0.28 2.00 MM08TR14R26 Rock 0.20 0.59 2.00 MM08TR14R27 Rock 0.51 0.13 2.00 MM08TR14R28 Rock 1.06 0.28 2.00 MM08TR14R29 Rock 1.05 0.22 2.00 MM08TR14R30 Rock 1.08 0.18 2.00 ------------------------------------------------------------------------- Average (22 M) 0.62 0.27 2.95 Includes: MM08TR14R20 Rock 0.54 0.40 2.00 MM08TR14R21 Rock 1.40 0.65 3.00 MM08TR14R22 Rock 1.12 0.58 3.00 MM08TR14R23 Rock 0.93 0.54 3.00 ------------------------------------------------------------------------- Average (4 M) 1.00 0.54 2.75 Includes: MM08TR14R25 Rock 0.82 0.28 2.00 MM08TR14R26 Rock 0.20 0.59 2.00 MM08TR14R27 Rock 0.51 0.13 2.00 MM08TR14R28 Rock 1.06 0.28 2.00 MM08TR14R29 Rock 1.05 0.22 2.00 MM08TR14R30 Rock 1.08 0.18 2.00 ------------------------------------------------------------------------- Average (6 M) 0.79 0.28 2.00
Sego Resources is continuing a process of rock geochemistry and re-assay where necessary. Results will be announced as they are available. The Miner Mountain Project is a Porphyry Copper Gold Project near Princeton, BC, 15 kilometres north of Copper Mountain Mining Corporation's advanced project, in the Traditional Territory of the Upper Similkameen Indian Band. Sego has an MOU with the Upper Similkameen Band. The Miner Mountain property is 2400 hectares in size. 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 Vic Preto, Ph.D, P.Eng., an independent qualified person as defined by NI43-101.
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."