TSX-V: SGZ
VANCOUVER, July 4 /CNW/ - Sego Resources Inc. is pleased to announce that the 2007 Mapping Program at its Gold Hill Project 40 km north of Barriere, BC, in the Traditional Territory of the Simpcw First Nation, has located three target zones for trenching and drilling.
The Mapping Program, now completed, located 5-6 distinctive structural joint/shear/stringer sets and utilizing the mapping three target zones were located. A significant northerly striking gold bearing vein/shear/alteration zone occurs just north of the No. 2 vein and may intersect it. In this area an apparent widening of the number 2 vein is also present. An additional potential drill target is north along the mineralized north-south vein/shear, north of the number 2 vein. One of the larger geochemical anomalies appears to overlie a stock work zone which is a bulk tonnage target. Trenching and drilling is planned to follow up on these targets. Mapping was conducted and supervised by Sean Daly P. Geo.
The Gold Hill property is a Gold, Silver exploration project. Exploration is targeting high grade vein systems and systems that have the potential to host bulk-tonnage low-grade gold deposits.
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 statement 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 cautious 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."