VANCOUVER, BC, Feb. 11, 2021 /CNW/ - Southern Empire Resources
Corp. (Southern Empire) (TSX-V: SMP) (Frankfurt: 5RE) (OTC: SMPEF) announces that
396 samples collected from the Phase 1 sonic drilling of the
American Girl and Padre y Madre historical heap leach pads at its
Oro Cruz Gold Project in Imperial County,
California, have been delivered to the Geoanalytical
Laboratories of the Saskatchewan Research Council (SRC) in
Saskatoon, Saskatchewan.
The SRC is one of Canada's
leading providers of applied research, development and
demonstration (RD&D), and its internationally recognized and
accredited, state-of-the-art Geoanalytical Laboratories have
provided high-quality, advanced analytical testing and mineral
processing analysis to the exploration and mining industry since
1973. For further information regarding the SRC, please visit
www.src.sk.ca/mining.
Phase 1 Sonic Drill Programs
The Phase 1 sonic drilling programs were completed on
January 26, 2021 with 20 vertical
holes drilled for a total of 318.8 metres (m; 1,046 feet); ten
holes each on the American Girl and Padre y Madre historical heap
leach pads. Additional details of these programs are available in
Southern Empire news releases dated: November 17, 2020, January
13, 2021 and January 28,
2021.
Sample Analysis and Quality Assurance/Quality Control
(QA/QC)
A 30-gram aliquot of each pulverized sample will be processed by
fire assay techniques using either an Inductively Coupled Plasma
Optical Emission Spectrometry (ICP-OES) and/or Atomic Absorption
Spectrometry (AAS) finish for gold analysis. Analysis for a suite
of other elements may be performed at a later date.
SRC Geoanalytical Laboratories participate in the Canada Centre
for Mineral and Energy Technology (CANMET) Canadian Certified
Reference Materials Project (CCRMP), which operates the Proficiency
Testing Program for Mineral Analysis Laboratories (PTP-MAL).
PTP-MAL is a means by which a mineral analysis laboratory can
assess its performance for one or more analytical methods
independently of internal quality control. Moreover, participation
in the program is obligatory if a laboratory is to attain
internationally recognized accreditation for mineral analysis
activities by the Standards Council of Canada (SCC) to International Organization for
Standardization (ISO)/International Electrotechnical Commission
(IEC) Standard requirements.
The CCRMP/PTP-MAL proficiency testing program operates in full
accord with ISO/IEC 17043 standard "Conformity Assessment – General
requirements for proficiency testing" and "SCC Requirements and
Guidance for the Accreditation of Mineral Analysis Testing
Laboratories".
The quality management systems and selected methods of the SRC
Geoanalytical Laboratories facilities are accredited by the SSC
(Scope of accreditation # 537) and operate in accordance with SCC
document CAN-P-4E "General Requirements for the Competence of
Testing and Calibration Laboratories", the adoption of ISO/IEC
17025. In addition, the SRC Geoanalytical Laboratories are
compliant to the United States Environmental Protection Agency's
Analytical Services Branch, Requirements and Guidance for Mineral
Analysis Testing Laboratories. The SRC Geoanalytical Laboratories
are assessed on a regular basis, both internally and externally, to
ensure these requirements continue to be met.
When received, gold assay results for the sonic drill hole
intersections will be reported as true thicknesses, as determined
within the context of 3D geological models used for exploration and
resource modeling.
Qualified Person (QP)
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 (QP) within the context of
Canadian Securities Administrators' National Instrument 43-101;
Standards of Disclosure for Mineral Projects (NI 43-101).
About Southern Empire Resources Corp.
Southern Empire is focused on the acquisition, exploration and
development of gold deposits in North
America.
In the Cargo Muchacho mountains of Imperial County, California, Southern Empire
owns 100 per cent of the historical gold-producing American Girl
mine property and also holds options to acquire a 100-per-cent
interest in the adjacent 2,160-hectare (5,338-acre) Oro Cruz
property located approximately 22.5 kilometres (14 miles) southeast
of the operating Mesquite gold mine of Equinox Gold Corp.
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; ultimately owned 53 per cent by MK
Gold Company and 47 per cent by Hecla Mining Company) occurred
between 1987 and 1996. At 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 Gold Project with many gold exploration
targets in addition to the historical inferred resource estimate,
reported In 2011 by Lincoln Mining Corp., totalling 341,800 ounces
gold based on 4,386,000 tonnes averaging 2.2 grams gold per tonne
at a cut-off grade of 0.68 g/t Au (4,835,000 tons at 0.07 ounce
gold per ton; please refer to the Cautionary Notice Regarding
Historical Resource Estimate below).
Southern Empire is well financed, having completed two
oversubscribed, non-brokered private placement financings during
2020; see Southern Empire's news releases dated March 18 and June 12,
2020, for details. With its strong working capital position,
which also includes a significant equity holding in Augusta Gold
Corp., Southern Empire has the financial resources to continue
exploration and development programs at Oro Cruz and consider new
opportunities.
On behalf of the Board of Directors of Southern Empire
Resources Corp.,
Dale
Wallster, CEO and Director
Cautionary Notice on Forward-Looking Information
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 a number of material factors, many
of which are beyond its respective control. Such factors include,
among other things: risks and uncertainties relating to Southern
Empire 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.
Cautionary Notice Regarding Historical Resource
Estimate
The historical resource estimate outlined above is disclosed in
a technical report dated April 29,
2011, prepared for Lincoln Mining Corp. by Tetra Tech, Inc.
and filed on Canadian Securities Administrators' System for
Electronic Document Analysis and Retrieval (SEDAR). It is termed an
inferred mineral resource, which is a category set out in NI
43-101. It was based on historical reverse circulation and core
drill hole sample, underground channel sample, and blasthole sample
assay results and calculated using ordinary kriging to estimate
gold grades in 10-foot-by-10-foot-by-five-foot blocks. Accordingly,
Southern Empire considers this historical estimate reliable as well
as relevant as it represents key targets for future exploration
work. However, a QP has not done sufficient work to verify or
classify the historical estimate as a current mineral resource and
Southern Empire is not treating this historical estimate as current
mineral resources.
Work Programs During the COVID-19 Pandemic
Timing of Southern Empire's exploration programs will be
contingent on governmental regulations regarding the COVID-19
pandemic and also the availability of exploration-related
personnel, drill contractors, equipment, lodging, et cetera.
Southern Empire will adhere to COVID-19 directives regarding safe
working practices putting worker, community and national safety
first and will proceed with exploration and development work
programs only if potential COVID-19 risks can be effectively
managed.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Southern Empire Resources Corp.
