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,firstname.lastname@example.org 1-866-683-2933.