VANCOUVER, Oct. 26 /CNW/ - Sego Resources reports the latest results from the ongoing excavator trenching program on its Miner Mountain Project which is expanding the gold area in the South Zone. The trenching and reclamation is being done by the Upper Similkameen Indian Band. Vic Preto, Ph.D., P.Eng. is consultant and QP for NI 43-101 purposes. Trench 09-88 is the most southerly trench excavated in the South Zone where the 2.5 km chargeability zone, located by Quantec Geoscience, comes to surface. (See Sego NR July 13, 2009). The target remains open to the South, Southwest, Southeast and East. Sego has received a Petrographic Report from Kathryn Dunne, M.Sc., P.Geo. which will be available on our website.
Results are as follows:
Trench 86 105m West to East
From MM09TR86C38 - To MM09TR86C40 three metres of 0.23 g/t Au
and 0.16g/t Ag
From MM09TR86C42 - To MM09TR86C66 Twenty five metres of 0.34 g/t Au
and 0.21 g/t Ag
From MM09TR86C95 - To MM09TR86C98 Four metres of 0.25 g/t Au, and
0.20 g/t Ag
Trench 88 70 m East to West
From MM09TR88C48 - To MM09TR88C52 Five metres of 0.32 g/t Au, and
0.2 g/t Ag
From MM09TR88C55 - To MM09TR88C70 sixteen metres of 0.34 g/t Au,
and 0.32 g/t Ag*
* Includes MM09TR88C65 one metre of 31.47 g/t Au, and 27.2 g/t Ag -
This sample was not included in the group assay to avoid the
nugget effect. The average values of 0.32 g/t Au, and 0.32 g/t Ag
were used instead.
Trench 91 North to South
From MM09TR91C1 - To MM09TR91 Five metres of 0.74% copper and 0.6 g/t Ag
The Petrographic Report prepared by Kathryn Dunne, M.Sc., P.Geo., studied 11 samples from which thin sections and Sodium Cobaltinitrate Staining for Potassium feldspar were done. The report notes four phases of intrusion from Syenite in the Granby Zone to brecciated Monzonite, micro-diorite and quartz diorite in the south zone. Pervasive Secondary Potassium Feldspar (Potassic alteration) and brecciation were observed. Mineralization was two phase with bornite and/or chalcopyrite rims being replaced by chalcocite and covellite on fracture fillings and in disseminations. In the south zone where the IP anomaly comes to surface pyrite magnetite and pyrrhotite were observed.
The full Petrographic Report and a map of all trenches can be found on our website www.segoresources.com
Previous trenching done in the area in 2008 located the following results: Trench 36 - 32m of 0.29% Cu and 1.00 g/t Au, Trench 37 - 4m 0.19% Cu and 1.15 g/t Au, and Trench 42 - 10 metres 1.18% Cu with diagnostic alkalic porphyry alteration (see Sego NR June 5, 2008 and September 9, 2009).
Sego Resources Inc. is planning a drill program prior to the Christmas break.
This Press Release was reviewed by Chris Sampson, P.Eng., and Vic Preto, Ph.D., P.Eng. Qualified Persons as defined by NI 43-101.
Maps and results are available on our website: www.segoresources.com
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: SEGO RESOURCES INC., Suite 211-744 West Hastings Street, Vancouver, BC, V6C 1A5, Tel: (604) 682-2933, Toll Free: 1-866-683-2933, Fax: (604) 683-3911, www.segoresources.com