VANCOUVER, Jan. 21 /CNW/ - Sego Resources reports that it has accepted a bid from McCaw's Drilling and Blasting Ltd. for approximately 1800 metres of drilling.  The program plan is to drill 30 holes to a depth of 60 metres each through the oxide (gossan) cap in the Granby Zone.  Drilling is expected to start by mid-February.

Sego Resources Inc.'s primary project is the Miner Mountain Project, a Copper Gold Porphyry project near Princeton, B.C., 15 kilometres north of Copper Mountain Mining Corporation's former copper producer, which closed in 1996.  Copper Mountain Mining Corporation is planning to restart full production in June 2011.  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.  The MOU was signed September 28, 2007 to enable exploration and potential future mine development of the Property.  The Miner Mountain property is 2400 hectares in size. 

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.comor 1-866-683-2933.

Profil de l'entreprise

Sego Resources Inc.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.