VANCOUVER, Dec. 16 /CNW/ - Sego Resources Inc. has initiated its drilling program on Miner Mountain near Princeton, BC.
Sego has started the drilling in the Granby Zone where two drill holes, DDH-MM-08-04 (24.46 to 88.7m, (64.24 m) 0.46% Cu, 0.14 G/T Au and 2.58 G/T Ag) and DDH-MM-08-09 (26.17 to 78.64 (52.47 m) 0.41% Cu, 0.12 G/T Au and 2.11 G/T Ag), bottomed in over 1% copper. These holes were announced previously in a News Release dated November 18, 2008. The purpose of the current hole is to ground truth the IP anomaly (Quantec Titan 24) and extend the mineralization. This hole has been completed and was stopped at 788 feet (240 metres).
The second hole and, time permitting before the Christmas break, a third hole, will be drilled in the South Zone where well mineralized breccia has been located by trenching (see News Release dated October 26, 2009 ). As with the Granby Zone these holes will be drilled to extend mineralization and ground truth the IP anomaly (Quantec Titan 24) known as the "Crankshaft Anomaly".
Drilling will continue in the New Year.
Please see our website www.segoresources.com for more information.
Sego Resources Inc.'s primary project is the Miner Mountain Project a Copper Gold Porphyry Project near Princeton, BC, 15 kilometres north of Copper Mountain Mining Corporation's former copper producer, (closed 1996) that is now planning to re-start production in 2011 following its recent favourable feasibility study. The Miner Mountain Project is situated within the Traditional Territory of the Upper Similkameen Indian Band with whom Sego has an MOU. The Miner Mountain property is 2400 hectares in size.
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