Southern Empire to Start Core Drilling at the Eastgate Gold Project, Nevada Southern Empire Resources Corp. (Southern Empire;
SOUTHERN EMPIRE RESOURCES CORP.
TSX-V: SMP
Frankfurt: 5RE
NEWS RELEASE
May 6th, 2020
Southern Empire to Start Core Drilling at the Eastgate Gold Project, Nevada
Southern
Empire
Resources
Corp.
(Southern
Empire;
TSX-V:
SMP;
Frankfurt:
5RE)
has
engaged
Falcon
Drilling,
Inc.,
of
Carson
City,
Nevada
to
complete
a
fully-permitted,
914
metre
(3,000
foot)
confirmation
core drill program at its Eastgate Gold Project located in Churchill County, Nevada.
Eastgate Gold Project - Core Drill Program Highlights:
●
Permits in-place for core drilling, drill pad preparation and road work
●
Drill pad preparation and road work to start imminently
●
Approximately 914 metres (3,000 feet) of core drilling expected to start in mid-May
●
Core
drill
program
is
intended
to
confirm
historical
gold
mineralization
outlined
by
a
fan
of
Reverse Circulation (RC) drill holes completed by Cabot Resources Corp. in 1990, including:
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
●
Drill program is expected to be completed in approximately four weeks.
●
Southern
Empire
is
well
financed
having
recently
completed
an
oversubscribed
$3.27-million
financing (see Southern Empire’s news release of March 18, 2020)
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
multiple,
steeply
dipping,
subparallel
low-sulphidation,
quartz-adularia
epithermal
vein
systems
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
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
Having
recently
completed
an
oversubscribed,
non-brokered
private
placement
financing
for
gross
proceeds
of
$3.27-million
(see
Southern
Empire's
news
release
dated
March
18,
2020)
Southern
Empire
is
well
funded
to
start
proposed
exploration
programs
at
both
its
Eastgate
and
Oro
Cruz
gold
projects.
However,
timing
of
Southern
Empire's
exploration
programs
will
be
contingent
on
governmental
regulations
regarding
the
COVID-19
pandemic
and
the
availability
of
exploration-related
personnel,
drill
equipment,
lodging,
et
cetera.
Southern
Empire
will
adhere
to
COVID-19
directives
regarding
safe
working
practices
putting
worker,
community
and
national
safety
first.
Although
mining
has
been
declared
an
essential
business
in
Nevada,
Southern
Empire
plans
only
to
proceed
with
work
if
potential COVID-19 risks can be effectively managed.
About Southern Empire Resources Corp.
Southern
Empire
is
focused
on
the
acquisition,
exploration
and
development
of
gold
deposits
in
the
American
southwest.
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).
Extensive
historical
drilling
of
the
Oro
Cruz
Property
has
outlined
exploration
targets
over
an
existing
high-grade
gold
zone
as
well
as
nearby
satellite
deposits.
Based
on
historical
mining,
Oro
Cruz
oxide
gold mineralization is amenable to conventional heap leach extractive methods.
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
produced
approximately
61,000
troy
ounces
from
oxide
material
extracted
by
both
open-pit
and
underground
mining
operations.
Owned
53%
by
MK
Gold
Co.,
a
subsidiary
of
Morrison
Knudsen
Corp.,
and
47%
by
Hecla
Mining
Co.,
the
joint
venture
subsequently
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
www.smp.gold
or contact:
Lubica Keighery , (778) 889-5476, [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.