Welcome to our dedicated page for Southern Empire news (Ticker: SMPEF), a resource for investors and traders seeking the latest updates and insights on Southern Empire stock.
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Southern Empire Resources Corp. has successfully acquired a 100% interest in the Oro Cruz Project located in southeastern California, following a final option payment and completion of exploration obligations. This site, covering approximately 2,160 hectares, previously produced gold and is adjacent to Equinox Gold Corp.'s Mesquite mine. Southern Empire aims to initiate an aggressive exploration program targeting high-grade oxide gold, contingent on permitting outcomes. The Oro Cruz Project has a historical inferred mineral resource estimate of 341,800 ounces of gold based on 4,386,000 tonnes at an average of 2.2 grams gold per tonne. The company is optimistic about upcoming exploration opportunities and further development efforts in this area.
Southern Empire Resources Corp. has announced findings from its Pedro Gold Project in Durango, México, indicating mineral similarities to the Carlin gold deposits in Nevada. Through Synchrotron Micro-XRF studies, the company presents evidence supporting the potential existence of a new gold belt named the Mapimi Gold Corridor. The CEO emphasized the strategic importance of these findings for exploration efforts. Additionally, Southern Empire provided an overview of its 2022 exploration activities and updates on option agreements, including those with Commander Resources Ltd.
Southern Empire Resources Corp. (TSX-V:SMP; OTC:SMPEF) has announced the acquisition of the La Loma gold property in Durango, Mexico, spanning 23,750 hectares. This acquisition enhances Southern Empire's portfolio, complementing the Pedro Gold Project and the recently expanded Centauro Gold Project, now totaling 4,432 hectares. The La Loma property features significant gold and mineral anomalies and is unencumbered by local land ownership issues. Initial exploration programs are planned for spring 2023, highlighting the company’s potential in the attractive gold-rich region of northern central Mexico.
Southern Empire Resources Corp. has announced the expansion of its mineral property portfolio by entering an Option Agreement to acquire a 100% interest in the Centauro property in southeastern Chihuahua, Mexico. This move aligns with its strategy to explore prospective 'Carlin-style' gold deposits. The Centauro property covers 500 hectares and shows significant potential, highlighted by an anomalous geochemical signature. The company plans to undertake extensive exploration programs, including soil sampling and IP surveys, with a total investment commitment exceeding US $2.3 million over five years.
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