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Segue Davis Tube Tests

Segue Davis Tube Tests Confirm Potential For High Grade Magnetite Concentrate at Pardoo Davis. Tube Recovery (DTR) results confirm potential for high grade magnetite concentrate grading up to 69.1% Fe, 2.73% SiO2 at Segue’s Pardoo iron ore project in WA’s Pilbara region. Test work indicates generally low detrimental impurities of aluminium, phosphorous and sulphur over a wide zone Diamond drilling campaign planned Segue Resources Limited. Segue is pleased to advise the results of initial diamond core metallurgical test work at the Pardoo Magnetite Project. Preliminary Davis Tube Recovery (DTR) test work on seven drill core samples show results obtained from the magnetic concentrate with grades of up to 69.1% Fe. During May 2010 seven drill core samples were taken from one diamond drill hole,  completed by CRA Exploration Pty Ltd (CRAE) in 1990, for DTR test work. The hole, DD90SW009, was drilled 20 years ago as part of a base metal exploration program (2.4m @ 1.36% Ni was intersected nearby) but rather than base metals, the hole intersected magnetite mineralisation which assayed 257m @ 30% Fe from 98m. The DTR test work on the partially weathered drill core was completed to determine the optimum grind size and final concentrate specifications of the magnetite mineralisation. The results show that the material between 120m and 176m is characterised by an average recovered iron grade of 68.1% Fe and low sulphur content (average 0.06% S). The results also indicate generally low impurities throughout. The DTR test work has confirmed the potential of producing a marketable concentrate with minimal contaminants at a grind of 80% passing 25 microns. Segue’s Pardoo magnetite project is located approximately 120km east of Port Hedland and 15km from the coast. The project is close to other key infrastructure including an “open” railway, gas and electric power. Abundant good quality ground water is also available from the Canning Basin immediately to the north. The SEG Board is encouraged by these initial results and plans to embark on a diamond drilling campaign to collect additional core for further DTR test-work. The diamond drilling is designed to test the mineralisation in more favourable positions away from the known sulphide mineralisation.