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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (21877)	6/20/2008 9:15:14 PM
From: LoneClone	Read Replies (1) \| Respond to of 192834

Sego Resources Inc. - 11 Metres 1.75% Copper, 0.11 grams/tonne Gold Fri Jun 20, 2:53 PM ca.news.finance.yahoo.com TSX-V: SGZ VANCOUVER, June 20 /CNW/ - Sego Resources reports that additional assay results have been received from the 3200 metre excavator trenching program on its Miner Mountain Project. The trenching and reclamation is contracted to the Upper Similkameen Indian Band and its highly qualified personnel. Consulting is being provided by Vic Preto, Ph.D., P.Eng. These results are from the most westerly zone of mineralization, known as the Regal Zone. Trench 59 continues exploration east of the Regal Zone towards the Granby Zone, some 1000 metres to the east. Trench 60 is the most northerly trench in the Regal Zone. Sego Resources Inc. suspects that the Regal and Granby Zones may link together and further trenching, to be followed by diamond drilling, is underway to determine if the zones do, in fact, link together. Supporting the possibility that the zones may link is a comment in the 1908 Annual Report of the Minister of Mines in British Columbia page J-130, which states "Development consists of three tunnels, two shafts and a series of open cuts, extending for almost a mile along the cropping of the large copper-gold bearing lead, which strikes across the property in a west-east direction. About 500 feet of underground work has been completed disclosing extensive bodies of ore and coal. ... The lead, so far as determined is from 100 to 150 feet in width and shows up for about one mile within the limits of the property." The company developing this showing was primarily a coal company and with the lack of a coal market all work was terminated. A number of the samples in Trench 59 ran (greater than)10,000 ppm copper which is the upper limit of accuracy for ICP methods. For this reason Sego Resources Inc. re-assayed copper highs for total copper, and gold/silver highs by fire assay with an ICP finish. These results are in the table. Sample designation: C=1 metre rock chip sample, R=Rock grab sample taken from spoil where trench was too deep and unstable to safely enter for chip sampling. Trench 59 Wgt/KG Cu % Au Gm/T Ag Gm/T MM08TR59R33 1.46 1.612 0.05 (less than) 2 MM08TR59R34 1.64 1.335 0.03 (less than) 2 MM08TR59R35 0.77 1.215 0.08 3 MM08TR59R36 1.04 1.164 0.06 3 MM08TR59R37 1.53 0.286 0.25 2 MM08TR59R38 1.55 0.618 0.03 (less than) 2 MM08TR59R39 1.45 1.631 0.05 4 MM08TR59R40 1.64 0.327 0.05 2 MM08TR59R41 1.39 2.014 0.06 3 MM08TR59R42 1.56 2.285 0.15 2 MM08TR59R43 0.94 2.063 0.11 4 ------------------------------------------------------------------------- Weighted Average (11M) 1.75 0.11 Trench 59 Wgt/KG Cu % Au Gm/T Ag Gm/T MM08TR60R05 1.26 0.197 0.08 2 MM08TR60R06 1.51 0.319 0.06 (less than) 2 MM08TR60R07 1.83 0.173 0.02 2 MM08TR60R08 1.18 0.352 0.13 (less than) 2 MM08TR60R09 1.1 0.78 0.52 13 MM08TR60R10 1.81 0.36 0.2 2 ------------------------------------------------------------------------- Weighted Average (6M) 0.50 0.22 A map showing the trench locations is available on the Sego website www.segoresources.com Sego Resources is continuing a program of trenching, rock geochemical analysis and re-assay where necessary to be followed by diamond drilling. 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 former producer Copper Mountain Mining Corporation's advanced project, in the Traditional Territory of the Upper Similkameen Indian Band. Sego has an MOU with the Upper Similkameen Band. 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) This news release has been reviewed and approved by Vic Preto, Ph.D, P.Eng., an independent qualified person as defined by NI43-101. 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." Contacts 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