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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Southern Empire's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Southern Empire's position in the market.
Southern Empire Resources Corp. has successfully completed a non-brokered private placement financing, issuing 10 million units at $0.10 each, raising $1 million in total. Each unit comprises one common share and one warrant, enabling the purchase of additional shares at $0.15 for three years. Insider participation totaled 2,146,000 units. The funds will support drilling at the Pedro epithermal gold targets and further exploration at the Oro Cruz Project. Following this, total issued shares will be 60,906,800.
Southern Empire Resources Corp. has announced progress in exploration permitting for its Oro Cruz Project in California. The Bureau of Land Management completed its review of the submitted Exploration Plan of Operations (EPO), deeming it complete as of November 16, 2021. The EPO outlines plans for 65 drill pads, new access roads, and further environmental assessments. Historical drilling shows significant gold intercepts, with estimates of 341,800 ounces of gold. The project aims to confirm and expand mineralized zones, pending further environmental reviews.
Southern Empire Resources Corp. has announced an option agreement with Commander Resources Ltd. to acquire a 100% interest in the Pedro Gold Project located in Durango, Mexico. This project features extensive gold anomalies and previous drilling results indicating potential for both bulk mineable and bonanza-grade deposits. The project area covers approximately 1,750 hectares and is accessible from nearby towns and infrastructure. Southern Empire plans to proceed with a drill program involving up to 25 drill holes, with significant exploration expenditures required over three years.
Southern Empire Resources Corp. (OTC PINK: SMPEF) announced promising results from the initial assessment of gold in historical mine waste dumps at its Oro Cruz Project in California. The study revealed significant average gold assays of 0.448 g Au/t from the American Girl dump, and metallurgical tests indicated recovery rates of 74.4% and 89.7% for American Girl and Padre y Madre materials, respectively. Future evaluations will include detailed waste dump volumetrics and additional extraction tests, indicating robust potential for further exploration and development.
Southern Empire Resources Corp. announces the appointment of Ted Kavanagh to its board of directors, bringing over 40 years of experience in exploration and mine finance. This change comes as Latika Prasad resigns from her position. CEO Dale Wallster emphasized the importance of Kavanagh's expertise in supporting the company's expansion efforts in southern North America. Additionally, Southern Empire has granted 400,000 stock options at an exercise price of $0.30 per share. The company focuses on acquiring and developing metals and minerals in North America, including properties with historical gold resources.
Southern Empire Resources Corp. (OTC: SMPEF) announced a MOU with the U.S. Department of the Interior's BLM to define responsibilities for an Environmental Assessment (EA) on a 630-acre area of the Oro Cruz Project in California. The project involves extensive exploration plans, including 65 drill pads and new road construction. Current environmental and cultural studies are underway, aligning with NEPA requirements. Additionally, the company secured TSX Venture Exchange approval for acquiring the American Girl Mine Property, enhancing exploration potential. An investor relations agreement with CM-Equity AG aims to improve communication with European investors.
Southern Empire Resources Corp. announced positive gold assay results from its Oro Cruz Gold Project in California, analyzing 396 samples from the American Girl and Padre y Madre heap leach pads. All 20 sonic drill holes returned significant gold content, with weighted averages less than 1 g Au/t. These findings mark a pivotal step towards defining a resource at the leach pads. CEO Dale Wallster expressed enthusiasm for the results, drawing parallels to successful low-grade production at Equinox Gold's nearby Mesquite mine. A Phase 2 drilling program is planned to further assess the historical heaps.