(via TheNewswire)
- Approximately 915 metres (3,000 feet) of core drilling to be completed
- First phase of drilling is expected to finish in approximately three weeks
- Core drill program is intended to confirm historical gold mineralization outlined by a fan of RC drill holes completed by
Cabot Resources Corp. in 1990, the results of which included:
------------------------------------------------------------------- |RC Hole | Intercept* | Intercept* | |-----------------------------------------------------------------| | |(metres of grams gold/tonne)|(feet of oz gold/ton) | |-----------------------------------------------------------------| |RC90 CEG-1|3.05 m of 7.58 g Au/t |10.0 ft of 0.22 oz Au/ton| |-----------------------------------------------------------------| |RC90 CEG-2|4.57 m of 10.30 g Au/t |15.0 ft of 0.30 oz Au/ton| |-----------------------------------------------------------------| |RC90 CEG-3|3.05 m of 3.77 g Au/t |10.0 ft of 0.11 oz Au/ton| |-----------------------------------------------------------------| |RC90 CEG-4|1.52 m of 1.71 g Au/t | 5.0 ft of 0.05 oz | | | |Au/ton | |-----------------------------------------------------------------| |RC90 CEG-5|3.05 m of 8.57 g Au/t |10.0 ft of 0.25 oz Au/ton| -------------------------------------------------------------------
*drill intercept length - true thickness unknown
Data Verification,Sampling Procedures and Quality Assurance/Quality Control (QA/QC)
No historical RC drill cuttings exist for the
For the 2020 core drill program, all drill core will be logged (geological and geotechnical), tagged, photographed, sawn and zones of significant alteration and veining will be sampled. Down-hole orientation surveys will be performed for the current drill program using a Reflex ACTIII orientation tool on the drill.
Drill core will be retained for a permanent record and stored in a secure facility in
About the
Southern Empire's goal is to define a high-grade gold/silver deposit at Eastgate hosted by a system of multiple, steeply dipping, subparallel low-sulphidation, quartz-adularia epithermal veins occurring throughout the property. Small scale, narrow-vein production occurred, between 1908 to 1920 and 1935 to 1957, at the Double Eagle and Gold Ledge mines on the property. Eastgate is located roughly 24 km (15 miles) northeast of the
For the
Qualified Person
The scientific and technical information contained in this news release has been prepared, reviewed,verifiedand approved by
Work Programs During the COVID-19 Pandemic
While the timing of Southern Empire's exploration programs will be contingent on governmental regulation regarding the COVID-19 pandemic, no meaningful delays to the completion of the Eastgate drill program are anticipated. Southern Empire and all subcontractors are adhering to all government regulated COVID-19 protocols and restrictions regarding personnel management, lodging, and travel.
About
Southern Empire is focused on the acquisition, exploration and development of gold deposits in
Multiple exploration targets remain on the Oro Cruz Property based on compilation of the extensive historical drilling and mining database available.
Episodic gold mining between 1877 and 1941 in the Cargo Muchacho gold district, which included in order of importance, the Oro Cruz (Tumco), American Girl,
On behalf of the Board of Directors,
For further information please visit our website atwww.smp.gold, see our filings onSEDARor contact:
Cautionary Notice on Forward-Looking Information
Information set forth in this news release may contain forward-looking statements that are based on assumptions as of the date of this news release. All statements, other than statements of historical fact, that address activities, events or developments that Southern Empire expects or anticipates will or may occur in the future are forward-looking statements that reflect management's current estimates, beliefs, intentions and expectations. They 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 Southern Empire's control. Such factors include, among other things: risks and uncertainties relating to Southern Empire's limited operating history and the need to comply with environmental and governmental regulations. 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 or statements.
Neither the
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Copyright (c) 2020 TheNewswire - All rights reserved., source