VANCOUVER, Nov. 22, 2011 /CNW/ - Sego Resources Inc. ("Sego" or the
"Company") is pleased to report that it has begun a 2,000 metre third
phase percussion drill program targeting the eastern extensions of the
new zone outlined in the phase II program (See NR April 20, 2011 and
November 4th 2011 for past drilling results).
The Phase II drilling intercepted wide zones of mineralization and
intensely altered rock. The percussion chips were split by 2-metre
interval, with half being sent to Acme Labs in Vancouver for ICP
analysis and fire assay. Fire assay results will be released when
received and reviewed.
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. The Miner Mountain
property is 2,056.54 hectares in size.
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:
John Geisler, Investor Relations, firstname.lastname@example.org or 1-866-683-2933