TSX-V: SGZ
VANCOUVER, July 29 /CNW/ - Sego Resources reports that permits have been received to drill the Granby (News Release May 12 2008) and Regal Zone (News Release June 2 2008 ) at its copper gold porphyry project near Princeton, BC. Sego Resources Inc. suspects that the Regal and Granby Zones may join. Ongoing trenching and the upcoming drilling will test this possibility. The trenching and reclamation is contracted to the Upper Similkameen Indian Band. The drill contract has been let to Target Drilling of Kamloops, BC and drilling is expected to commence August 7, 2008. Vic Preto, Ph.D., P.Eng. is the qualified person for the project. 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 Copper Mountain Mining Corporation's former copper producer, (closed 1996) that is now planning to re-start production in 2010 following its recent favourable feasibility study. The Miner Mountain Project is situated within the Traditional Territory of the Upper Similkameen Indian Band with whom Sego has an MOU. 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)
"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."