Sego Resources Announces MM-11-PDH-94 > 10,000 ppm copper over 26 metres 10,000 ppm = 1%

And Completion of Phase III Percussion Drilling.
New Zone Extended on Cuba IP Anomaly.

VANCOUVER, Jan. 3, 2012 /CNW/ - Sego Resources Inc. ("Sego" or the "Company") is pleased to report that it has recently received rock geochemistry from the Phase III percussion drilling program totalling 945 samples.  The new copper-gold zone identified in Phase II (see NR November 28, 2011) has been extended to the southeast by 125 metres and remains open to the W, E, NE, SE, and at depth.  This extension is part of the Cuba Zone IP anomaly which is 350m x 1500m.

Highlights of the extension include:

MM-11-PDH-94           1000 ppm copper = 0.1% copper                 100 ppb gold = 0.1 grams/tonne gold
  >10,000 ppm copper  = >1% copper                 1000 ppb gold = 1 grams/tonne gold
From          To            sample   Cu ppm    Au ppb      Ag ppm
20 22 27444 >10000 591 1.8
22 24 27445 >10000 351.8 1.7
24 26 27446 >10000 381.3 2.3
26 28 27447 >10000 567.7 3.6
28 30 27448 >10000 603.2 4.8
30 32 27449 >10000 692.8 3.4
32 34 27450 >10000 790.8 2.4
34 36 27451 >10000 941.6 2.6
36 38 27452 >10000 964.8 3.5
38 40 27453 >10000 901.3 4.4
40 42 27454 >10000 3486.4 3.2
42 44 27455 >10000 389.8 1.9
44 46 27456 >10000 588.6 1.9
46 48 27457 9004.2 383.8 1.4
48 50 27458 7397.1 336.7 1.2
50 52 27459 8016.4 688.3 1.6
52 54 27460 6369.6 250.1 1.1
54 56 27461 7616.5 194.3 1.2
56 58 27462 7978.2 428.7 1.5
58 60 27463 7218.4 944.6 1.4
60 62 27464 4744.8 245.1 0.8
62 64 27465 3397.7 165.2 0.6
64 66 27466 6192.6 409.7 1.1
66 68 27467 5913.8 365.7 1
68 70 27468 7350.9 408.8 1.3
70 72 27469 7089.8 321 1.2
72 74 27470 8186.8 858.4 1.4
74 76 27471 6485.6 253.4 1.1
76 78 27472 5215.2 224.6 0.9
78 80 27473 4723.1 775.1 0.9
80 82 27474 7073 292.5 1.1
82 84 27475 6617 353 1.1
84 86 27476 6388.6 357.8 1.1
86 88 27477 7217.2 860.8 1.3
88 90 27478 6649.6 379.2 1.2
90 92 27479 5024.2 289 0.9
92 94 27480 7744.6 371 1.4
94 96 27481 5817.1 243.3 0.9
96 98 27482 5905.9 337.7 1
98 100 27483 6588.9 1093.2 1.2

Rock geochemical results can be found on our website at www.segoresources.com. All samples over 1,000 ppm Copper have been sent for fire assay.  Hole averages will be released when fire assays are completed.

Phase III consisted of 25 percussion holes drilled on a 30 m x 30 m grid of 200 m x 150 m.

The Granby-Cuba Zone is 350 m x 1500 m and has been drilled on a 30 metre grid basis by the 102 percussion drill holes of Phases I, II, and III. The 2012 diamond drill program designed to test the zone at greater depth is expected to begin in mid-January.  Sego Resources is permitted for five years of exploration.

Sego Resources Inc.'s sole project is the Miner Mountain Project, a Copper Gold Porphyry project near Princeton, B.C., 15 kilometres north of Copper Mountain Mining Corporation's Copper Mountain Mine, now in production. The Miner Mountain Project is situated within the Traditional Territory of the Upper Similkameen Indian Band, with whom Sego has a Comprehensive Memorandum of Understanding. 

This News Release was reviewed and approved by V.A. Preto Ph.D., P. Eng.  A Qualified Person under NI 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 re 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 please contact: John Geisler, Investor Relations, ir@segoresources.com 
or 1-866-683-2933.

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