Southern Empire Drilling Update for the Eastgate Gold Project, Nevada Southern Empire Resources Corp. (Southern Empire;
SOUTHERN EMPIRE RESOURCES CORP.
TSX-V: SMP
Frankfurt: 5RE
NEWS RELEASE
June 1, 2020
Southern Empire Drilling Update for the Eastgate Gold Project, Nevada
Southern
Empire
Resources
Corp.
(Southern
Empire;
TSX-V:
SMP;
Frankfurt:
5RE)
has
now
finished
the
first
of
five
confirmation
core
drill
holes
at
its
Eastgate
Gold
Project
located
in
Churchill
County,
Nevada.
This
first
core
hole
(EG20-01)
was
drilled
to
a
total
depth
of
673
feet
at
an
azimuth
of
310
o
and
a
dip
of
-80
o
from
the
same
collar
location
as
the
fan
of
Reverse
Circulation (RC) drill holes completed by Cabot Resources Corp. in 1990.
Eastgate Gold Project – Core Drill Program Highlights:
●
Approximately 915 metres (3,000 feet) of core drilling to be completed
●
First phase of drilling is expected to finish in approximately three weeks
●
Core
drill
program
is
intended
to
confirm
historical
gold
mineralization
outlined
by
a
fan
of
RC
drill
holes
completed
by
Cabot
Resources
Corp.
in
1990,
the
results
of
which
included:
RC Hole
Intercept*
Intercept*
(metres of grams gold/tonne)
(feet of oz gold/ton)
RC90 CEG-1
3.05 m of 7.58 g Au/t
10.0
ft
of
0.22
oz
Au/ton
RC90 CEG-2
4.57 m of 10.30 g Au/t
15.0
ft
of
0.30
oz
Au/ton
RC90 CEG-3
3.05 m of 3.77 g Au/t
10.0
ft
of
0.11
oz
Au/ton
RC90 CEG-4
1.52 m of 1.71 g Au/t
5.0
ft
of
0.05
oz
Au/ton
RC90 CEG-5
3.05 m of 8.57 g Au/t
10.0
ft
of
0.25
oz
Au/ton
*
drill intercept length – true thickness unknown
Data Verification,
Sampling Procedures and Quality Assurance/Quality Control (QA/QC)
No
historical
RC
drill
cuttings
exist
for
the
Eastgate
Gold
Project.
Historical
RC
hole
locations
are
based
on
exploration
map
grids
that
have
been
subsequently
field
checked
and
tied
into
the
UTM
co-ordinate
system.
With
no
reliable
downhole
survey
data
available
for
historical
drill
holes,
there
is
uncertainty
regarding
their
relative
end
of
hole
positions.
Falcon
Drilling,
Inc.,
of
Carson
City, Nevada are the drill contractors for Southern Empire’s current program.
For
the
2020
core
drill
program,
all
drill
core
will
be
logged
(geological
and
geotechnical),
tagged,
photographed,
sawn
and
zones
of
significant
alteration
and
veining
will
be
sampled.
Down-hole
orientation
surveys
will
be
performed
for
the
current
drill
program
using
a
Reflex
ACTIII
orientation tool on the drill.
Drill
core
will
be
retained
for
a
permanent
record
and
stored
in
a
secure
facility
in
Fallon,
Nevada.
One-half
of
selected
drill
core
samples
will
be
recorded,
checked
and
sealed
in
individual
plastic
bags
and
delivered
for
analyses
to
the
geochemistry
laboratory
of
ALS
USA
Inc.
in
Reno,
Nevada,
which
conforms
with
the
Standards
Council
of
Canada,
Requirements
and
Guidance
for
the
Accreditation of Testing Laboratories (ISO/IEC 17025:2005, RG-MINERAL).
About the Eastgate Gold Project, Nevada
The
Eastgate
Gold
Project
is
85%
owned
by
Southern
Empire
and
comprises
101
unpatented
lode
mining
claims
covering
roughly
817
hectares
(2,020
acres)
located
approximately
81
kilometres
(50 miles) southeast of the city of Fallon in Churchill County, Nevada.
Southern
Empire’s
goal
is
to
define
a
high-grade
gold/silver
deposit
at
Eastgate
hosted
by
a
system
of
multiple,
steeply
dipping,
subparallel
low-sulphidation,
quartz-adularia
epithermal
veins
occurring
throughout
the
property.
Small
scale,
narrow-vein
production
occurred,
between
1908
to
1920
and
1935
to
1957,
at
the
Double
Eagle
and
Gold
Ledge
mines
on
the
property.
Eastgate
is
located
roughly
24
km
(15
miles)
northeast
of
the
Bell
Mountain
Gold
Project
currently
undergoing
final
mine
permitting
by
Eros
Resources
Corp.,
a
company
that
owns
approximately 22% of Southern Empire.
For
the
Eastgate
Gold
Project,
Southern
Empire
has
received
a
notice-level
permit
from
the
Bureau
of
Land
Management
(BLM;
an
agency
within
the
U.S.
Department
of
the
Interior)
for
road
construction,
surface
clearing,
pad
preparation
and
the
completion
of
five
core
drill
holes.
This
permit
is
valid
for
two
years
expiring
in
2022,
extendible
to
2023
(see
Southern
Empire’s
news release of March 26, 2020).
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
within
the
context
of
Canadian
Securities
Administrators’
National Instrument 43-101;
Standards of Disclosure for Mineral Projects.
Work Programs During the COVID-19 Pandemic
While
the
timing
of
Southern
Empire’s
exploration
programs
will
be
contingent
on
governmental
regulation
regarding
the
COVID-19
pandemic,
no
meaningful
delays
to
the
completion
of
the
Eastgate
drill
program
are
anticipated.
Southern
Empire
and
all
subcontractors
are
adhering
to
all
government
regulated
COVID-19
protocols
and
restrictions
regarding
personnel
management,
lodging, and travel.
About Southern Empire Resources Corp.
Southern
Empire
is
focused
on
the
acquisition,
exploration
and
development
of
gold
deposits
in
North
America.
In
addition
to
the
Eastgate
Gold
Project
in
Nevada,
Southern
Empire
holds
an
option
to
acquire
a
75%
interest
in
the
Oro
Cruz
Gold
Project
in
the
Cargo
Muchacho
Mountains
of
Imperial
County,
southeast
California,
approximately
22.5
km
(14
miles)
southeast
of
the
Mesquite
gold
mine
of
Equinox
Gold
Corp.
The
Oro
Cruz
Gold
Project
currently
comprises
a
total
of
271
unpatented
lode
mining
claims
(~2,160
hectares;
5,338
acres),
13
unpatented
placer
mining
claims
(~105
hectares;
260
acres)
and
two
State
of
California
mineral
prospecting
permits
(~518 hectares; 1,280 acres).
Multiple
exploration
targets
remain
on
the
Oro
Cruz
Property
based
on
compilation
of
the
extensive historical drilling and mining database available.
Episodic
gold
mining
between
1877
and
1941
in
the
Cargo
Muchacho
gold
district,
which
included
in
order
of
importance,
the
Oro
Cruz
(Tumco),
American
Girl,
Cargo
Muchacho
and
Padre
y
Madre
mines,
produced
an
estimated
145,000
troy
ounces
of
gold.
The
most
recent
gold
production
from
the
Oro
Cruz
Property
was
during
1995
and
1996
when,
over
a
one-year
period,
the
American
Girl
Mining
Joint
Venture
(53%
MK
Gold
Co.
and
47%
Hecla
Mining
Co.)
produced
approximately
61,000
troy
ounces
from
gold-enriched
oxide
material
extracted
by
both
open-pit
and
underground
mining
operations
and
conventional
heap
leach
extractive
processing
methods.
That joint venture ceased operations in 1996 due to low gold prices.
On behalf of the Board of Directors,
Dale Wallster, CEO and Director
Southern Empire Resources Corp.
For
further
information
please
visit
our
website
at
www.smp.gold
,
see
our
filings
on
SEDAR
or
contact:
Lubica Keighery -
phone: (778) 889-5476
e-mail: [email protected]
Cautionary Notice on Forward-Looking Information
Information
set
forth
in
this
news
release
may
contain
forward-looking
statements
that
are
based
on
assumptions
as
of
the
date
of
this
news
release.
All
statements,
other
than
statements
of
historical
fact,
that
address
activities,
events
or
developments
that
Southern
Empire
expects
or
anticipates
will
or
may
occur
in
the
future
are
forward-looking
statements
that
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
Southern
Empire’s
control.
Such
factors
include,
among
other
things:
risks
and
uncertainties
relating
to
Southern
Empire’s
limited
operating
history
and
the
need
to
comply
with
environmental
and
governmental
regulations.
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 or statements.
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 news release.