TSX-V: SGZ
VANCOUVER, May 12 /CNW/ - Sego Resources reports that a second set of assay results has been received from the 3200 metre excavator trenching program on its Miner Mountain Project. The trenching and reclamation is being contracted to 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. Trenching to date in the Granby Zone has reached well mineralized bedrock in many trenches where it had not been reached by historical bulldozer trenching. In addition to previously released results, the Company has new results from trenches 17, 22, 23, 25, 26,and 30 of a total of 49 trenches to date. These trenches continue westerly from trenches 1-14, the results of which were announced in the April 24, 2008 News Release. A number of the samples in this second set of results ran (greater than)10,000 ppm copper which is the upper limit of accuracy for ICP methods. For this reason Sego Resources Inc. re-assayed copper highs for total copper, and gold/silver highs by fire assay with an ICP finish. These results are in the table. Sample designation: C(equal sign)1 metre rock chip sample, R(equal sign)Rock grab sample taken from spoil where trench was too deep and unstable to safely enter for chip sampling.
Weight Kg Cu % Au GM/T Ag GM/T
Trench 17 TR17C09 1.72 0.24 0.01 (less than)2
TR17C10 1.15 0.19 0.01 (less than)2
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Average(2m) 0.21 0.01
Weight Kg Cu % Au GM/T Ag GM/T
Trench 22 TR22C01 1.3 0.97 0.46 3
TR22C02 1.39 0.57 0.30 (less than)2
TR22C03 1.57 1.67 1.07 3
TR22C04 1.63 0.69 0.13 (less than)2
TR22C05 1.77 0.88 0.28 (less than)2
TR22C06 1.71 0.50 0.05 (less than)2
TR22C07 1.51 2.42 0.15 (less than)2
TR22C08 1.25 1.03 0.66 (less than)2
TR22C09 1.62 0.46 0.27 (less than)2
TR22C10 1.46 0.58 0.16 (less than)2
TR22C11 1.52 1.29 0.16 (less than)2
TR22C12 1.63 0.46 0.03 (less than)2
TR22C13 1.6 1.58 0.11 (less than)2
TR22C14 1.36 1.14 0.03 (less than)2
TR22C15 1.43 1.35 0.56 (less than)2
TR22C16 1.53 1.39 0.17 (less than)2
TR22C17 1.58 1.87 0.09 (less than)2
TR22C18 1.55 0.55 0.07 (less than)2
TR22C19 1.33 0.12 0.04 (less than)2
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Average(19m) 1.03 0.25
Weight Kg Cu % Au GM/T Ag GM/T
Trench 23 TR23R01 2.52 0.54 1.37 (less than)2
TR23R02 1.71 0.22 0.13 (less than)2
TR23R03 1.4 0.54 0.19 (less than)2
TR23R04 1.46 0.11 0.07 (less than)2
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Average(4m) 0.35 0.44
Weight Kg Cu % Au GM/T Ag GM/T
Trench 25 TR25R07 1.3 0.45 0.03 8
TR25R08 1.82 0.21 0.01 4
TR25R09 1.35 0.16 0.01 3
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Average(3m) 0.27 0.02
Weight Kg Cu % Au GM/T Ag GM/T
Trench 26
Pt1 TR26C03 1.83 0.35 0.31 5
TR26C04 1.79 0.16 0.03 (less than)2
TR26C05 1.38 0.35 0.10 (less than)2
TR26C06 1.47 0.38 0.23 (less than)2
TR26C07 1.38 0.12 0.04 (less than)2
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Average(5m) 0.27 0.14
Weight Kg Cu % Au GM/T Ag GM/T
Trench 26
Pt2 TR26C11 1.26 0.47 0.51 6
TR26C12 1.71 0.29 0.11 3
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Average(2m) 0.38 0.31
Weight Kg Cu % Au GM/T Ag GM/T
Trench 30 TR30R01 1.23 0.13 0.06 (less than)2
TR30R02 1.41 0.09 0.04 (less than)2
TR30R03 1.73 0.40 0.11 (less than)2
TR30R04 1.18 0.28 0.62 (less than)2
TR30R05 1.08 0.62 0.80 (less than)2
TR30R06 1.61 2.08 0.68 (less than)2
TR30R07 2.25 1.32 0.57 (less than)2
TR30R08 2.5 0.56 0.15 (less than)2
TR30R09 1.82 0.18 0.05 (less than)2
TR30R10 2.05 0.27 0.06 (less than)2
TR30R11 1.82 0.38 0.09 (less than)2
TR30R12 1.62 0.32 0.12 (less than)2
TR30R13 1.64 1.25 0.49 (less than)2
TR30R14 1.47 1.10 0.17 (less than)2
TR30R15 1.87 0.61 0.07 (less than)2
TR30R16 1.66 0.15 0.04 (less than)2
TR30R17 1.62 0.33 0.10 (less than)2
TR30R18 2.08 0.08 0.10 (less than)2
TR30R19 2.81 0.30 0.10 (less than)2
TR30R20 1.85 0.13 0.09 (less than)2
TR30R21 2.33 0.16 0.09 (less than)2
TR30R22 2.03 0.11 0.08 (less than)2
TR30R23 2.35 0.70 0.15 (less than)2
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Average(23m) 0.50 0.21
A map showing the trench locations will be available May 13, 2008 on the Sego website www.segoresources.com
Sego Resources is continuing a program of soil sampling, rock geochemical analysis and re-assay where necessary. Results will be announced as they are available. The Miner Mountain Project is a Copper Gold Porphyry Project near Princeton, BC, 15 kilometres north of former producer 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."