VANCOUVER, May 5, 2015 /CNW/ - Sego Resources Inc. ("The
Company) held its Annual General Meeting on April 20, 2015. The Stock Option Plan and
the appointment of auditors were passed. Two new Directors
were elected and one Director stood down.
Chris Sampson, P.Eng., chose not
to stand for re-election in order to cut back on some of his
activities. It is usual to thank a past Director for their
valuable work and wish them well in the future. Several Sego
Directors have worked with Chris for decades and will continue our
long friendship and association, so "Thank you, Chris" and we look
forward to many more years of friendship.
Elected to the Board were incumbents J.
Paul Stevenson, Shelley
Hallock, Al Hilton, and
G. Ken Willington. The two new
members elected to the Board are Ms. Selina
Tribe, Ph.D., P.Geo., and Mr. Brent
Petterson, CGA.
Dr. Tribe is a Professional Geoscientist and project manager
with 20+ years of experience in resource exploration &
development projects throughout Canada and the Americas. Her 2010
terrain study of Miner Mountain identified landslide source areas
that guided the Company to drill significant in situ
copper-gold mineralization in what is now called the Granby-Cuba-Regal zone.
Drill highlights from the Granby-Cuba-Regal zone include:
- Diamond Drill Hole DDH21, which contains 100 m of 0.95% Cu,
0.55 g/t Au and 3.47 g/t Ag from 10.06m to 110.45m depth, and
includes 35 m of 2.45% Cu, 1.35 g/t Au and 8.9 g/t Ag from 10.06m
to 45.11m depth;
- Diamond Drill Hole DDH 24, which contains 128 m of 0.34% Cu,
0.3 g/t Au and 0.98 g/t Ag from 11.58m to 139.6m depth, and
includes 42.67m of 0.74% Cu, 0.75 g/t Au and 1.57g/t Ag from 42.06m
to 84.73m depth (reported in News Release dated March 12, 2012).
Please see News Release dated March 12,
2012.
An extensive percussion drill program completed in 2012 shows
the zone to be a 1.0 km x 0.5 km area of copper-gold with minor
silver and platinum group metals mineralization extending from
surface to about 100 m depth and open in several directions. As
reported in News Release January 23,
2012.
Mr. Petterson is an accountant with extensive experience in
financial reporting matters related to Junior Resource
Companies. In addition to joining the Board Mr. Petterson
assumes the office of Chief Financial Officer.
This News Release was reviewed and approved by Selina Tribe, Ph.D., P.Geo. A Qualified Person
under NI 43 -101.
Sego is 100% owner of the Miner Mountain Project, an alkalic
copper-gold porphyry exploration project near Princeton, British Columbia. The
property is 2,056.54 hectares in size and located 15 kilometres
north of the Copper Mountain Mine operated by Copper Mountain
Mining Corporation and Mitsubishi Copper. Sego has a
Memorandum of Understanding with the Upper Similkameen Indian Band,
in whose Traditional Territory the Miner Mountain Project is
situated. Sego holds a 5-year exploration permit for the
property and has received an Award of Excellence for its
reclamation work at Miner Mountain.
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 re
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.