Southern Empire Stock Price, News & Analysis

Southern Empire Resources Corp. announced an update on its Oro Cruz Project exploration Plan of Operations, submitted to the BLM in September 2020. The BLM determined the plan was complete last November, initiating environmental reviews under NEPA and CEQA. A draft Environmental Assessment/Mitigated Negative Declaration is expected soon, followed by a public comment period. Additionally, a Reclamation Plan was submitted in June 2022 and is now complete. Permitting decisions are anticipated by the end of Q1 2023, indicating progress in project development.

Southern Empire Resources Corp. announced the completion of its first core drilling program at the Pedro Gold Project in Mexico, confirming the presence of stratabound gold and supporting potential Carlin-style gold mineralization. The program involved 6 core holes totaling 856.3 meters, with significant intercepts including up to 1.18 g Au/t. The results suggest a compelling case for the Pedro prospect as a Carlin-style deposit, with further geochemical analyses to follow. Southern Empire holds a beneficial interest in the 1,750-hectare property through an agreement with Commander Resources.

Southern Empire Resources Corp. (TSXV:SMP)(OTCQB:SMPEF) announced a preliminary investigation into groundwater availability for its Oro Cruz Project in California. The investigation suggests that groundwater wells in the area could provide sufficient resources for future exploration and development. Importantly, it indicates that groundwater recharge comes from meteoric sources, not Colorado River water, alleviating concerns about environmental impacts. The assessment supports Southern Empire's exploration plans and was conducted by WestLand Resources, Inc.

Southern Empire Resources Corp. (TSXV:SMP, OTCQB:SMPEF) announced significant progress on the Oro Cruz Project with the Bureau of Land Management (BLM)'s publication of a Notice of Intent related to environmental permitting for proposed surface exploration activities. This initiates the NEPA permitting process and a concurrent CEQA review by the Imperial County Planning Department. The exploration plan includes drilling and road construction on a small portion of the Oro Cruz property, with all permitting decisions expected by the end of 2022, enhancing the project’s feasibility.

Southern Empire Resources Corp. has appointed Larry Kornze as an advisor, bringing over 40 years of gold exploration expertise, primarily from Barrick Gold Corporation. Kornze is recognized for his role in discovering Barrick's 40 million ounce Betze gold deposit. As Southern Empire progresses its drilling program at the Pedro Gold Project in Mexico, it has completed 421 meters across three holes and is targeting additional geological anomalies. The project shows promise with historical samples revealing significant gold values, which could enhance the company's exploration potential.

Southern Empire Resources Corp. has commenced its inaugural core drilling program at the Pedro Gold Project in Durango State, Mexico. The first drill hole, P22-01, targets the Zona Oeste, where surface samples exhibited gold assays between 0.33 g Au/t and 2.22 g Au/t. The project is set for a 2,000 m drill program, focusing on a heterolithic breccia coinciding with geophysical anomalies. Historical data from the site shows potential with maximum assays of 2.3 ppm gold. Southern Empire aims for a 100% interest in the Pedro Gold Project through its agreement with Commander Resources Ltd..

Southern Empire Resources Corp. has received approval to list its shares on the OTCQB Venture Market under the symbol SMPEF, enhancing accessibility for American investors. This upgrade from the OTC pink sheets aligns with regulatory compliance and aims to increase market exposure, diversify the shareholder base, and enhance trading liquidity. The company focuses on metals and minerals exploration in North America, notably through its Oro Cruz Project in California, which has historical gold resources totaling approximately 341,800 ounces.

Southern Empire Resources Corp. has released preliminary high-resolution airborne magnetic and radiometric data for its Pedro Gold Project in northeastern Durango, Mexico. Data collection, conducted by Terraquest Ltd., spanned 393.2 line-kilometers and is now undergoing analysis by Condor Consulting, Inc. The project shows potential for high-grade precious metal deposits, evidenced by historical exploration results. A 2,000-meter drill program is scheduled to start in January 2022, with nine drill holes planned. The project covers approximately 1,750 hectares of mining-friendly land.