"Our past-producing Oro Cruz property holds significant exploration opportunities and now that Southern Empire has earned a 100% interest we are eagerly awaiting the outcome of the permitting process, which will allow us to move forward with an aggressive exploration program later this year targeting high-grade, oxide gold," said
As reported in 2011 by
The scientific and technical information contained in this news release has been prepared, reviewed and approved by
Southern Empire is focused on the acquisition, exploration and development of metals and minerals deposits in
In the Cargo Muchacho mountains of
At Oro Cruz, extensive historical drilling and large-scale open-pit and underground mining of the American Girl, Padre y Madre, Queen, and Cross oxide gold deposits by the American Girl Mining Joint Venture ("AGMJV") occurred between 1987 and 1996. During that time, gold was recovered by either heap leaching of lower-grade, or milling of higher-grade ores until AGMJV operations ceased in late 1996 because of declining gold prices leaving the Oro Cruz Property with many gold exploration targets in addition to a historical inferred mineral resource estimate, reported In 2011 by
During 2021 and 2022, Southern Empire identified and obtained four projects in northern México that include a leachable copper prospect and three gold projects having bulk-tonnage potential. The gold projects are the:
Centauro Gold Project , Escalón, Chihuahua StatePedro Gold Project , Mapimí, Durango State; and,La Loma Gold Project ,Nazas, Durango .
These gold projects are located along what Southern Empire is now calling the Mapimí Gold Corridor, a 150-kilometre, southeast-trending Oligocene tectonostratigraphic belt, the regional geological setting of which, together with numerous, specific geological, mineralogical and geochemical characteristics observed at Centauro, Pedro and La Loma, strongly support the proposition that the Mapimí Gold Corridor has significant potential to host a bulk-mineable, Carlin-style gold deposits. Please see Southern Empire's news releases and
On behalf of the Board of Directors of
Information provided in this news release may contain forward-looking information or forward-looking statements that are based on assumptions as of the date of this news release. Such information or statements reflect management's current estimates, beliefs, intentions, and expectations and 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 many material factors, many of which are beyond its respective control. Such factors include, among other things: risks and uncertainties relating to Southern Empire's limited operating history, the need to comply with environmental and governmental regulations, results of exploration programs on its projects, and those risks and uncertainties identified in its annual and interim financial statements and management discussion and analysis. 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.
The timing and the ability to conduct Southern Empire's exploration programs are, among other things, contingent on: governmental regulations allowing for the issuance of permits; affects of the COVID-19 pandemic; and the availability of exploration personnel, drill contractors, equipment, lodging, etc. Southern Empire will adhere to COVID-19 and other regulatory directives regarding safe working practices putting worker and community health and safety first and will proceed with exploration and development work programs only if potential risks can be effectively managed.
Neither the
SOURCE
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