Mar. 24, 2011 (Canada NewsWire Group) --
>10,000 ppm Copper = >1% Copper 100 ppb Gold = 0.1 grams Gold
VANCOUVER, March 24 /CNW/ - Sego Resources reports that rock geochemistry results from phase one of the percussion drilling program on at Miner Mountain have been received for 22 of 34 drill holes. The grid drilling was over a gossan cap and a Titan 24 IP anomaly (2km x 250m) known as the Cuba Zone. These preliminary results indicate that at the east end of the grid the mineralized zone is open to the North, East and South. Results for the holes at the west end are pending.
For tables showing results for each hole and a location map please visit our website www.segoresources.com
Highlights include:
- Percussion Drill Hole 9-with 24 metres of greater than 10,000 ppm copper and including one 2 metre section of 10,597 ppb gold (10.597 grams/t) the hole was very well mineralized, top to bottom.
- Percussion Drill Hole 21 was also mineralized top to bottom with 4 metres of greater than 10,000 ppm copper.
- Percussion Drill Holes 2,8,12,13,14, and 15 also bottomed in significant copper and/or gold mineralization.
- These preliminary results indicate that at the east end of the grid the mineralized zone is open to the North, East and South.
All results over 1,000 ppm copper are being sent for fire assay.
Sego Resources Inc.'s sole project is the Miner Mountain Project, a Copper Gold Porphyry project near Princeton, B.C., 15 kilometres north of Copper Mountain Mining Corporation's former copper producer, which closed in 1996. Copper Mountain Mining Corporation is planning to restart full production in June 2011. The Miner Mountain Project is situated within the Traditional Territory of the Upper Similkameen Indian Band, with whom Sego has a Comprehensive Memorandum of Understanding.
This News Release was reviewed and approved by V.A. Preto Ph.D., P. Eng. A Qualified Person under NI 43 -101.
J. Paul Stevenson, CEO
Sego Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.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 re 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.
John Geisler, Investor Relations, ir@segoresources.com
or 1-866-683-2933.