Airborne Geophysical Survey Expanded at Oro Cruz Gold Project, California Southern Empire Resources Corp. (Southern Empire;
TSX-V: SMP
Frankfurt: 5RE
NEWS RELEASE
October 22, 2020
Airborne Geophysical Survey Expanded at Oro Cruz Gold Project, California
Southern
Empire
Resources
Corp.
(Southern
Empire;
TSX-V:
SMP;
Frankfurt:
5RE)
announces
that
it
is
extending
the
coverage
of
recently
initiated
helicopter-borne
magnetic
and
radiometric
geophysical
surveys
over
its
Oro
Cruz
Gold
Project
area,
the
first
of
their
kind
in
the
Cargo
Muchacho
Mountains
region
of southeastern California.
David Tupper, Southern Empire’s Vice President - Exploration, noted:
“Preliminary
results
from
our
new
magnetic
survey
suggest
excellent
potential
for
extensions
to
known
gold-mineralized
structures
and
the
possible
identification
of
new
gold
targets
in
the
survey
area.
We
have
been
so
impressed
with
these
that
we
have
extended
the
survey
with
an
additional
173
line-kilometres
at
200
metre
line
spacing,
expanding
the
survey
area
from
58.5
square
kilometres to approximately 96.3 square kilometres.
Surprisingly,
the
Oro
Cruz
property
specifically,
and
the
Cargo
Muchacho
Mountains
generally,
have
not
been
subjected
to
a
large
scale
airborne
magnetic
survey
before.
Past
geophysical
surveys
were
limited to a single, small ground magnetic grid in the American Girl mine area during the late 1980s.”
The
revised
north-south
grid
survey
layout
now
totals
1,131.5
line-kilometres,
including
677
line-kilometres
at
a
50
metre
line
spacing;
163
line-kilometres
at
a
150
metre
line
spacing;
189
line-kilometres
at
200
metres line spacing; and 102.5 line-kilometres of east-west tie lines.
The
airborne
geophysical
survey
is
being
completed
by
Precision
GeoSurveys
Inc.
of
Langley,
British
Columbia.
Survey
oversight,
compilation
and
interpretation
is
being
provided
by
Condor
Consulting,
Inc.
of
Lakewood Colorado.
Qualified Person
The
scientific
and
technical
information
contained
in
this
news
release
has
been
prepared,
reviewed,
verified
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.
About Southern Empire Resources Corp.
Southern
Empire
is
focused
on
the
acquisition,
exploration
and
development
of
gold
deposits
in
North
America.
In
the
Cargo
Muchacho
mountains
of
Imperial
County,
California,
Southern
Empire
owns
100%
of
the
historical
gold
producing
American
Girl
Mine
property
and
also
holds
options
to
acquire
a
100%
interest
in
the
adjacent
2,160
hectare
(5,338
acre)
Oro
Cruz
Property
located
approximately
22.5
kilometres
(km;
14
miles) southeast of the operating Mesquite gold mine of Equinox Gold Corp.
With
a
history
that
includes
extensive
drilling
and
large-scale
open
pit
and
underground
mining
by
the
American
Girl
Mining
Joint
Venture
(53
per
cent
owned
by
MK
Gold
Company,
then
a
subsidiary
of
Morrison
Knudsen
Corporation,
and
47
per
cent
owned
by
Hecla
Mining
Company),
which
was
suspended
during
the
gold
market
downturn
in
1996,
the
Oro
Cruz
Gold
Project
hosts
many
exploration
targets
in
addition
to
a
high-grade
oxide
gold
zone
that,
based
on
the
historical
mine
operation
records,
is
amenable
to conventional heap leach extractive methods.
Southern
Empire
is
well-financed,
having
recently
completed
two
oversubscribed,
non-brokered
private
placement
financings
(see
Southern
Empire's
news
releases
dated
March
18
and
June
12,
2020
for
details).
With
its
strong
working
capital
position,
which
also
includes
a
significant
equity
holding
in
Bullfrog
Gold
Corp.,
Southern
Empire
has
the
resources
to
continue
exploration
and
development
programs
at
Oro
Cruz
and also consider new opportunities.
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
both
www.smp.gold
and
SEDAR
or
contact:
Lubica Keighery, (778) 889-5476,
.
Cautionary Notice on Forward-Looking Information
:
Information
provided
in
this
news
release
may
contain
forward-looking
statements
that
are
based
on
assumptions
as
of
the
date
of
this
news
release.
These
statements
reflect
management’s
current
estimates,
beliefs,
intentions
and
expectations.
They
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
a
number
of
material
factors,
many
of
which
are
beyond
its
respective
control.
Such
factors
include,
among
other
things:
risks
and
uncertainties
relating
to
Southern
Empire
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.
Work programs during the COVID-19 pandemic
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) accepts responsibility for the adequacy or accuracy of this release.