VANCOUVER, BC, Dec. 21, 2021 /CNW/ -Southern Empire Resources
Corp. (Southern Empire) (TSXV: SMP) (Frankfurt: 5RE) (OTC: SMPEF) announces that it
has initiated a high-resolution, airborne magnetic and radiometric
geophysical surveys of the Pedro Gold Project, located in
northeastern Durango State, México.
In addition, Southern Empire has engaged Sevicios de Ingeneria
Ambiental y Seguridad S.A. de C.V. of Durango to complete 2,000
metres (m; 6,560 feet) of core drilling on the Pedro Gold Project.
This first phase, nine-hole core drill program (see Figure 1) is
expected to start in January of 2022.
The Pedro Gold Project covers prospective geology including the
HP Breccia Zone, an epithermal gold system discovered in 2012 by
regional grassroots prospecting that was directly supervised by
David Tupper, P.Geo., now Southern
Empire's Vice President of Exploration, who stated:
"When examined as a
whole, the geological, geochemical and geophysical expressions of
the HP Breccia Zone within the broad extensional tectonic
environment of northwest México,
present a compelling opportunity for us to discover an epithermal
precious metals vein system on the
Pedro Property. The predominantly vertical drill holes completed in
2014 by Newmont were designed to test for a large, Carlin-style
gold-bearing system hosted by the underlying Carocol Formation
sediments. Even though
stratabound gold was encountered in
near-surface oxidized and silicified conglomerates, none of the 10
Newmont drill holes tested the possibility for
gold-bearing vein systems, the potential occurrence of which was
subsequently enhanced by a 2019 Induced Polarization (IP) survey.
We are very excited to drill test these targets!"
Technical Aspects of the Pedro Gold Project Airborne
Geophysical Survey
For the airborne survey, the geophysical contractor,
Terraquest Ltd. Of Markham,
Ontario, will complete approximately 384 line-kilometers
(km; ~238 miles - approximately 96 flight lines at 50 m spacings flown at azimuth 060 and 240
degrees) to collect data over a total area of approximately 17.7
square kilometers. The survey instruments include a Scintrex CS-3
cesium vapour high-resolution magnetometer and Radiation Solutions
RS-500 Advanced Digital Spectrometer. The survey aircraft for
this project will be a specifically modified Bell 206 L4
Long Ranger helicopter subcontracted
by Heliservircios Internacionales S.A. de C.V. of San Luis Potosi, México. The survey work will
be launched from a base at Ciudad Lerdo,
Durango.
Pedro Gold Project Highlights:
- Outcropping epithermal gold targets with potential for bulk
mineable and bonanza-grade vein deposits
- 4,000 m by 1,000 m gold-in-soil anomaly coincident with
gold-bearing, silica-rich breccia outcrops
- Additional gold targets identified beneath post-mineral cover
by 2020 geochemical survey
- Historical reverse circulation and core drilling by Newmont in
2014 that confirmed the presence of gold
- In 2019, a 70 line-kilometer IP survey identified vertical,
feeder vein targets that are not yet drill tested
- Permits established for up to 25 drill holes
- Mineral concessions cover ~1,750 hectares ("ha"; 4,324
acres)
- Mineral concessions cover private ranch lands
- Located in Durango, a mining-friendly state in north-central
México
- Good access to the project area, ~80 km (50 miles)
west-northwest of the city of Torreón
- Local infrastructure available in the nearby town of
Mapimí
Southern Empire holds the Pedro Gold Project through an
agreement with Commander Resources Ltd. (TSX-V: CMD) allowing
Southern Empire to acquire a 100% beneficial interest. Please
see Southern Empire's news release of July
27, 2021, for further information about the Pedro Gold
Project.
Qualified Person
The scientific and technical information contained in this news
release has been prepared, reviewed, and approved by David Tupper, P.Geo. (British Columbia), Southern Empire's VP
Exploration and a Qualified Person (QP) within the context of
Canadian Securities Administrators' National Instrument 43-101;
Standards of Disclosure for Mineral Projects (NI 43-101).
About Southern Empire Resources Corp.
Southern Empire is focused on the acquisition, exploration and
development of metals and minerals deposits in North America.
In northeastern Durango State, México, Southern Empire has an
option to acquire a 100-per-cent beneficial interest in the
1,750-hectare Pedro Gold Project where 2014 drilling by a
subsidiary of Newmont Mining Corporation encountered epithermal
gold mineralization within basal conglomerates of the Ahuichila
Formation. Please see Southern Empire's news release of
July 27, 2021, for further
details.
In the Cargo Muchacho mountains of Imperial County, California, Southern Empire
owns 100 percent of the historical gold-producing American Girl
mine property and holds options to acquire a 100 percent interest
in the adjacent 2,160-hectare (5,338-acre) Oro Cruz property
located approximately 22.5 kilometres (14 miles) southeast of the
operating Mesquite gold mine of Equinox Gold Corp.
At Oro Cruz, extensive historical drilling and large-scale
open-pit and underground mining of the American Girl, Padre y
Madre, Queen, and Cross oxide gold deposits by the American Girl
Mining Joint Venture (AGMJV; ultimately owned 53 percent by MK Gold
Company and 47 percent by Hecla Mining Company) occurred between
1987 and 1996. During that time, gold was recovered by either heap
leaching of lower-grade, or milling of higher-grade ores until
AGMJV operations ceased in late 1996 because of declining gold
prices leaving the Oro Cruz property with many gold exploration
targets in addition to the historical inferred resource estimate,
reported In 2011 by Lincoln Mining Corp., totaling 341,800 ounces
gold based on 4,386,000 tonnes averaging 2.2 grams gold per tonne
(g/t Au) at a cut-off grade of 0.68 g/t Au (4,835,000 tons at 0.07
ounce gold per ton; Please refer to the Cautionary Notice Regarding
the Oro Cruz Property Historical Resource Estimate below).
On behalf of the Board of Directors of Southern Empire
Resources Corp.,
Dale
Wallster, CEO and Director
For further information on Southern Empire please visit:
www.smp.gold and SEDAR .
Cautionary Notice on Forward-Looking Information
Information provided in this news release may contain
forward-looking information or forward-looking statements that are
based on assumptions as of the date of this news release. Such
information or statements reflect management's current estimates,
beliefs, intentions, and expectations and are not guarantees of
future performance. Southern Empire cautions that all
forward-looking statements are inherently uncertain and that actual
performance may be affected by many material factors, many of which
are beyond its respective control. Such factors include, among
other things: risks and uncertainties relating to Southern Empire's
limited operating history, the need to comply with environmental
and governmental regulations, results of exploration programs on
its projects, and those risks and uncertainties identified in its
annual and interim financial statements and management discussion
and analysis. Accordingly, actual and future events, conditions,
and results may differ materially from the estimates, beliefs,
intentions, and expectations expressed or implied in the
forward-looking information. Except as required under applicable
securities legislation, Southern Empire undertakes no obligation to
publicly update or revise forward-looking information.
Cautionary Notice Regarding Historical Resource
Estimate
The Oro Cruz Project historical resource estimate outlined above
is disclosed in a technical report dated April 29, 2011, prepared for Lincoln Mining Corp.
by Tetra Tech, Inc. and filed on Canadian Securities
Administrators' System for Electronic Document Analysis and
Retrieval (SEDAR). It is termed an inferred mineral resource, which
is a category set out in NI 43-101. It was based on historical
reverse circulation and core drill hole sample, underground channel
sample, and blasthole sample assay results and calculated using
ordinary kriging to estimate gold grades in
10-foot-by-10-foot-by-five-foot blocks. Accordingly, Southern
Empire considers this historical estimate reliable as well as
relevant as it represents key targets for future exploration work.
However, a QP has not done sufficient work to verify or classify
the historical estimate as a current mineral resource and Southern
Empire is not treating this historical estimate as current mineral
resources.
Work Programs During the COVID-19 Pandemic
The timing of Southern Empire's exploration programs will be
contingent on governmental regulations regarding the COVID-19
pandemic and also the availability of exploration-related
personnel, drill contractors, equipment, lodging, et cetera.
Southern Empire will adhere to COVID-19 directives regarding safe
working practices putting worker, community and national safety
first and will proceed with exploration and development work
programs only if potential COVID-19 risks can be effectively
managed.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Exchange) accept responsibility for the adequacy or accuracy of
this release.
SOURCE Southern Empire Resources Corp.