VANCOUVER, July 29 /CNW/ - Sego Resources reports that permits have been
received to drill the Granby (News Release May 12 2008) and Regal Zone (News
Release June 2 2008 ) at its copper gold porphyry project near Princeton, BC.
Sego Resources Inc. suspects that the Regal and Granby Zones may join. Ongoing
trenching and the upcoming drilling will test this possibility. The trenching
and reclamation is contracted to the Upper Similkameen Indian Band. The drill
contract has been let to Target Drilling of Kamloops, BC and drilling is
expected to commence August 7, 2008. Vic Preto, Ph.D., P.Eng. is the qualified
person for the project. Results will be announced as they are available.
The Miner Mountain Project is 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 2010 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. Sego Resources has funding in place for a
one million dollar exploration program in 2008. (Note News Release dated
January 2, 2008)
"J. Paul Stevenson, CEO"
Sego Resources Inc.
"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."
For further information:
For further information: SEGO RESOURCES INC., Suite 211-744 West
Hastings Street, Vancouver, BC, V6C 1A5, Tel: (604) 682-2933, Toll Free:
1-866-683-2933, Fax: (604) 683-3911, www.segoresources.com