VANCOUVER, Nov. 28, 2011 /CNW/ - Sego Resources is pleased to report it has received all fire assays from its September 2011 percussion drilling program. This program was designed to test for northern and eastern extensions of the mineralization found in spring 2011 by Phase I Percussion Drilling (See N.R. April 5th 2011). During Phase II Percussion Drilling program 43 percussion drill holes were drilled for a total of 3394 metres on a large chargeability high called the Cuba Zone.
Highlights of this program include:
| PDH 35 From |
36 to 52m |
16m 0.367% Cu with 0.595 G/T Au |
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| PDH 57 From |
28 to 34m |
6m 0.134% Cu with 0.039 G/T Au |
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54 to 89m |
35m 0.217% Cu with 0.325 G/T Au |
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| PDH 58 From |
58 to 78m |
20m 0.153% Cu and 0.117 G/T Au |
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83 to 98m |
15m 0.278% Cu and 0.227 G/T Au |
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Including 2m of 0.411% Cu and 0.226 G/T Au |
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| PDH 61 From |
10 to 22m |
12m 0.185% Cu with 0.272 G/T Au |
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24 to 56m |
32m 0.224% Cu with 0.326 G/T Au |
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Including 2m of 0.932% Cu with 0.783 G/T Au |
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80 to 94m |
14m 0.337% Cu with 0.289 G/T Au |
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| PDH 66 From |
0 to 6m |
6m 0.217% Cu with 0.267 G/T Au |
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8 to 54m |
*46m 0.509% Cu with 0.500 G/T Au |
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Including 12m of 1.13% Cu with 0.806 G/T Au |
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98 to 110m |
12m 0.142% Cu with 0.02 G/T Au |
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*two ICP samples inserted to make a composite intersection. |
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| PDH 67 From |
6 to 26m |
*20m 0.529% Cu with 0.325 G/T Au |
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Including 2m of 1.67% Cu with 0.93 G/T Au |
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*one ICP sample inserted to make a composite intersection. |
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| PDH 68 From |
22 to 48m |
26m 0.842% Cu with 0.834 G/T Au |
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Including 4m of 2.53% Cu with 2.47 G/T Au |
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66 to 68m |
2m 1.113% Cu with 0.312G/T Au |
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| PDH 70 From |
6 to 46m |
30m 0.255% Cu with 0.028 G/T Au |
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52 to 58m |
6m 0.244% Cu with 0.034 G/T Au |
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60 to 66m |
6m 0.165% Cu with 0.987 G/T Au |
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| PDH 72 From |
6 to14m |
8m 0.142% Cu with 0.136 G/T Au |
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26 to 36m |
10m 0.284% Cu with 0.722 G/T Au |
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46 to 52m |
6m 0.246% Cu with 0.501 G/T Au |
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| PDH 77 From |
4 to 14m |
10m 0.215% Cu with 0.148 G/T Au |
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20 to 36m |
6m 0.218% Cu with 0.185 G/T Au |
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38 to 93m |
54m 0.342% Cu with 0.473 G/T Au |
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Including 7m 0.76% Cu with 1.508 G/T Au |
For a complete list of fire assayed percussion drill holes please see the Sego Resources website at www.segoresources.com.
Phase III Percussion Drilling is underway to further define this new zone. Diamond drilling is planned for mid-January 2012.
This News Release was reviewed and approved by V.A. Preto, Ph.D., P.Eng., a Qualified Person under National Instrument 43-101.
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). Copper Mountain Mining Corporation is now in production. 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 2,056.54 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.