VANCOUVER, Feb. 9 /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-MM-09-11 62.79 metres 0.355% Cu, 0.165 g/t Au 2.52 g/t Ag, from 15.85m
- 78.64 m including 10.76 metres of 0.48% Cu, 0.24 g/t Au and 3.38 g/t Ag from
35.97m to 46.73 m
- 27.44 metres of 0.49% Cu, 0.26 g/t Au and 3.38 g/t Ag from 51.2 m -
78.64 m including 6.1 m of 0.91% Cu, 0.54 g/t Au from 72.54 m -
- A second zone from 137.55m to 172.64m (35.09m) was mineralized with
up to 2688 ppm copper.
This new drilling builds upon the Sego 2008 program which encountered mineralized intercepts in holes 4,5,9 and 11 from 2009 (see Nov. 18th 2008 News Release) and indicates a northward dipping upper zone of copper-precious metal mineralization (see Map on our website www.segoresources.com).
Analysis of both the 2008 and 2009 drilling has confirmed the presence of Alkalic Porphyry Copper style mineralization, lithology and alteration. At Miner Mountain there is an enrichment in Platinum group elements, Albitic and Potassic alteration, the presence of sub-volcanic breccias and a zonation of sulphides from pyrite to chalcopyrite/bornite and bornite with chalcocite and covellite. Alkalic Porphyry Copper-Gold deposits form an important class of Porphyry Copper deposits in British Columbia which includes Mt Polley, Red Chris, Galore Creek, Afton, Ajax, and Copper Mountain.
The Granby Zone is open to the north and east, and the company is planning a spring core drilling program to further enlarge the known zone of mineralization.
Two holes were also drilled in the South Zone and Sego is currently awaiting metallic assays.
For further information please contact:
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., No. 211-744, West Hastings Street, Vancouver, BC, V6C 1A5, Tel: (604) 682-2933, Fax: (604) 683-3911