Southern Empire Resources Provides Oro Cruz Project Exploration Update

The Cross DC/IP survey grid was designed to provide control data relative to the known Cross gold deposit, as well as to test for previously unrealized and unexplored gold targets.

In a preliminary effort to characterize the gold potential of the large historical waste rock dumps located at each of the formerly producing American Girl, Padre y Madre and Oro Cruz mine areas, Southern Empire field crews have collected 25m to 50m spaced rock grab samples from the waste rock dump surfaces and perimeter slopes.

To date, rock samples collected from the American Girl, Padre y Madre and Oro Cruz waste dumps have been submitted for gold analysis by the SRC Geoanalytical laboratories in Saskatoon, Saskatchewan.

Recent airborne magnetic data collected by Southern Empire over the entire Cargo Muchacho Mountains area was analyzed by Condor Consultants of Denver, Colorado, and that review, combined with a revised understanding of the structural framework of the Oro Cruz Cross mine as provided by Tarryn Cawood’s Ph.D.

Preliminary field work included the submittal of prospected rock grab samples and stream sediment samples collected in the area to SRC for gold and multi-element geochemical analysis.

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.

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.

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.

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