VANCOUVER, BC / ACCESSWIRE / June 25, 2021 / Southern Empire Resources Corp.
Dale Wallster, Southern Empire’s CEO commented: “We are very encouraged with the initial assessment of the gold potential of our Oro Cruz Project historical waste dumps.
Equinox Gold Corp.’s April, 2020 NI 43-101 Technical Report, concerning their Mesquite mine, reported an Indicated Resource estimate of 5.2 million tonnes in their waste dumps grading 0.18 g Au/t and an Inferred Resource estimate in the waste dumps of 26.4 million tonnes grading 0.23 g Au/t.
of Parksville, British Columbia, was contracted to undertake cyanidation metallurgical studies of two composite samples blended from select assay laboratory sample rejects (>80% passing 2mm) of surface grab samples collected from each of the American Girl and Padre y Madre waste rock dumps.
Gold analysis was performed by the Geoanalytical Laboratories of the Saskatchewan Research Council , 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.
Gold assay results for the samples collected are only a preliminary assessment of the potential presence of gold hosted by the historical mine waste dumps and are not considered representative of the whole.
The metallurgical test work conducted by Blue Coast on the Oro Cruz Project historical waste dump materials is also preliminary in nature.
Often, but not always, forward-looking statements can be identified by the use of words such as “anticipated”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “anticipated”, “estimated”, “might”, “may” “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
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, results of metallurgical test work, the ability to fund exploration and development programs, and other risks and uncertainties identified in Southern Empire’s annual and interim financial statements and management discussion and analysis that are filed on the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval .
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.