VANCOUVER, May 26 /CNW/ - Sego Resources is pleased to report further copper and precious metal grades from the drilling program in the Granby Zone at the Miner Mountain Project.
DDH - 16
From 12.19m - To 108.81m
96.62m of 0.31% Cu 0.08 g/t Au 1.76 g/t Ag
including from 23.47 to 44.81 - 21.34 m of 0.33% Cu, 0.1 g/t Au
2.73 g/t Ag
including from 69.19 to 108.81 - 39.62m of 0.5% Cu 0.1 g/t Au
2.27 g/t Ag
which includes from 72.24 to 75.29 -3.05m- 1.45% Cu .15 g/t
Au 5.7 g/t Ag
DDH - 18
From 13.72 to 32.61 m
18.89m of 0.24% Cu 0.26 g/t Au 1.23 g/t Ag
From 66.69 to 127.1 m
60.41m of 0.27% Cu 0.16 g/t Au 0.72 g/t Ag
including from 87.48m to 114.91m - 27.43m of 0.42% Cu 0.3 g/t Au
1.45 g/t Ag
which includes 102.72 - 105.77 -3.05m- 1.67% Cu 1.16 G/t Au
3.9 G/t Ag
DDH - 20
From 26.52 - To 93.57
67.05 m of 0.13% Cu 0.16 g/t Au 0.68 g/t Ag
including from 26.52 to 50.90m - 24.38 m of 0.16% Cu 0.33 g/t Au
0.96 g/t Ag
which includes 32.61 to 35.66 -3.05m- 0.15% Cu 0.89 g/t Au
1.3 g/t Ag
Of the 20 holes drilled to date by Sego Resources Inc. at Miner Mountain, holes 1-3 were drilled in the Regal Zone, holes 12-13 in the South Zone and holes 4-11 and 14-20 inclusive were drilled in the Granby Zone. Of the four drill holes reported herein, DDH-19 is approximately 250 metres southwest of the centre of the cluster of other holes drilled by Sego in the Granby Zone. Mineralization in DDH 19 is hosted by variably altered microdiorite below a prominent fault zone separating it from barren, essentially unaltered volcanic rocks in the upper 27 metres of the hole. DDH-19 is located at the head of a prominent westerly trending gully which overlooks the high grade landslide material of the Regal Zone located by previous trenching and DDH-1-3. (News Release of June 2, 2008)
Consultant Selina Tribe, Ph.D, P.Geo., an expert in landslide studies, conducted a terrain study for Sego and indicated probable sources for the Regal and other likely slides. This study led to the excavation of trenches 93,94 and 95 during the current program. DDH-19, reported above, was drilled beneath trench 95.
The other three holes reported herein, DDH-16, 18 and 20, are at the north and eastern ends of the Granby Zone, approximately 275 to 320 metres northeast of DDH-19. Mineralization in these and nearby holes is hosted by variably altered volcanic and intrusive rocks.
Trenching and drilling at Miner Mountain, and further petrographic studies by Kathryn Dunne, M.Sc., P.Geo., submitted in a report dated May 7, 2010 confirm the presence of intrusive and volcanic rocks and of strong potassic and other alteration assemblages characteristic of alkalic porphyry systems such as Copper Mountain (15km to the south) and Afton (125 km to the North). The petrographic study also identified chalcopyrite and bornite partially replaced by chalcocite and covellite, a suite of copper minerals.
The Kathryn Dunne, M.Sc.,P.Geo and the Selina Tribe, Ph.D, P.Geo. reports as well as the location of trenches and drill holes can be found on our website: www.segoresources.com
This News Release was reviewed and approved by V.A. Preto, Ph.D., P.Eng., a Qualified Person under National Instrument 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 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.
SOURCE SEGO RESOURCES INC.
For further information: For further information: J. Paul Stevenson, CEO, Sego Resources Inc., Suite 211-744 West Hastings Street, Vancouver, BC, V6C 1A5, Tel: (604) 682-2933, Fax: (604) 569-2532, www.segoresources.com