Sego Resources Announces Completion of Phase II Percussion Drilling. New Zone Found on Cuba IP Anomaly.

MM-11-PDH-68  > 10,000 ppm copper and 2,065.5 ppb gold

10,000 ppm = 1%
2,000 ppb = 2 grams

VANCOUVER, Nov. 4, 2011 /CNW/ - Sego Resources Inc. ("Sego" or the "Company") is pleased to report that it has recently received rock geochemistry from the Phase II percussion drilling program totalling 1500 samples.  A new copper-gold zone has been identified over 18 holes, from PDH-57 to PDH-77.  This zone is 200 m x 150 m and is open to the E, NE, SE, and at depth. The new zone lies 300 metres east and 100 metres south of the centre of Phase I percussion drilling (PDH 09,20,21,DDH-19-see news release April 05, 2011). Phase II percussion drill hole 35 also extended 70 metres to the NE the zone identified by the Phase I drilling.

Highlights of the new zone include:

MM-11-PDH-66                 1000 ppm copper = 0.1% copper     100 ppb gold = 0.1 grams/tonne gold
  Cu ppm Au ppb Ag ppm
0-2 m 2096.6 245.9 0.5
2-4 2273.7 291.9 0.5
4-6 1901.1 216.6 0.4
6-8 568.6 39.3 0.2
8-10 1025.2 111.7 0.6
10-12 7950 1711 1.9
12-14 >10000 1915.2 2.1
14-16 2251.9 162.7 0.5
16-18 1790 119.3 0.4
18 -20 2406.4 107.4 0.5
20 -22 1475.4 68.5 0.3
22-24 1585.9 52.5 0.2
24-26 1957.9 146.6 0.3
26-28 1607.5 172.9 0.3
28 -30 5042.3 693.2 0.6
30-32 894.6 144.7 0.1
32-34 1165.2 95.9 0.1
34-36 1314.9 201.7 0.1
36-38 377.6 72.7 0.1
38-40 1622.6 167.7 0.1
40-42 2542.4 181 0.3
42-44 8353.8 1250.3 0.5
44-46 8407.3 573 0.5
46-48 9435.8 405.9 0.8
48-50 >10000 390.7 1.9
50-52 6991.3 912.6 1.4
52-54 >10000 1016.4 4.2
       
MM-11-PDH-68 
       
  Cu ppm Au ppb Ag ppm
       
22-24 m 7,350.9 1,133.6 1
24-26 3,206.4 1506.5 0.6
26-28 1,784.4 183.4 0.3
28-30 1,789.1 177.8 0.3
30-32 1,221.5 61.1 0.2
32-34 3,490.5 244.9 0.9
34-36 >10,000 1,873.8 4.8
36-38 >10,000 2,065.5 10.4
38-40 >10,000 856 2
40-42 4,663.6 194.6 0.8
42-44 1,476.5 118 0.3
44-46 >10,000 792.2 1.4
46-48 1,098.7 76.9 0.4
 
MM-11-PDH-77
       
  Cu ppm Au ppb Ag ppm
       
32-34 m 1010.8 65.1 0.2
34-36 1235 86.4 0.7
36-38 696.2 58.2 0.3
38-40 1600 432.2 0.3
40-42 1230.7 101 0.3
42-44 3448.8 361.3 0.6
44-46 >10000 1176.5 2.7
46-48 2855.4 966.4 0.8
48-50 7292.5 288.5 2
50-52 3336.4 1269.6 1
52-54 1626.8 300.1 0.3
54-56 5149.1 847.6 0.8
56-58 1658.4 173.1 0.3
58-60 1154.7 110.1 0.3
60-62 272.3 127.7 0.1
62-64 1697.1 251.8 0.4
64-66 1994.1 323.2 0.3
66-68 1588.8 175.8 0.4
68-70 2008.4 256.2 0.4
70-72 1172.2 77.8 0.2

Rock geochemical results and a drill hole location map can be found on our website at www.segoresources.com.

All samples over 1,000 ppm Cu have been sent for fire assay.  Hole averages will be released when fire assays are completed.

Phase II consisted of 43 percussion holes drilled on a 30 m x 30 m grid of 400 m x 450 m.

Phase III percussion drilling program is expected to begin within two weeks or as soon as the crew can be mobilized.  This will be followed by a diamond drill program in January 2012.  The Granby-Cuba Zone is 350 m x 1500 m and is being drilled on a grid basis.  Sego Resources is permitted for five years of exploration.

Sego Resources Inc. is a mineral exploration company, exploring the Miner Mountain Project, a large scale porphyry copper-gold target northeast of Princeton B.C.  Exploration to date, has located zones of surface copper-gold mineralization and drilling has confirmed the presence of significant copper-gold grades at depth. The Miner Mountain Project is 15 kilometres north of Copper Mountain Mining Corporation's former copper producer (closed 1996) that resumed production in August 2011.  The Miner Mountain Project is situated within the traditional territory of the Upper Similkameen Indian Band with whom Sego Resources Inc. has a memorandum of understanding which provides a constructive framework for future development and exploration.

This News Release was reviewed and approved by V.A. Preto, Ph.D., P.Eng., a Qualified Person under National Instrument 43-101.  All samples were tested by Aqua Regia digestion ICP-MS at Acme Labs an accredited laboratory in Vancouver, B.C.

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:

John Geisler, Investor Relations, ir@segoresources.com or 1-866-683-2933.

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