Southern Empire also announces the expansion of its recently optioned Centauro Gold ("Au") Project (see Southern Empire news release dated
"Southern Empire's La Loma, Pedro and Centauro gold projects support our theory that a northwest trending metallogenic belt of "Carlin-style" and/or low sulphidation epithermal gold deposits extends through northern central México. Our projects all exhibit many of the geological and mineralogical features that define these important precious metal deposit types," stated
La Loma Property
Southern Empire's La Loma, Pedro, and Centauro Gold Projects occur within the north
As part of the "Laramide" Lower Cretaceous to early Tertiary, Mexican Fold and Trust Belt, the stratigraphy of the area exhibits repeated, elongate north-south folds that are regularly interrupted by moderate- to high-angle thrusts and later extensional faulting (see Figure 2).
A significant portion of the La Loma property covers "Terrano Naccional" (federal land) and is therefore unencumbered by private or communal Ejido ownership (see Figure 2). Access is limited to several broad, ephemeral riverbeds (arroyos) extending from the south.
The La Loma property covers a large, unexplored area having Au, arsenic ("As"), antimony ("Sb"), mercury ("Hg"), molybdenum ("Mo"), and silver ("Ag") stream sediment geochemical anomalies as reported by the Secretaria de Economia de México, ("SGM") in 2006 (see Figure 3). This government stream sediment sampling survey was completed at a low, regional density. Additionally, much of the regional geological mapping was accomplished with the aid of stereoscopic interpretation.
Hyperspectral mapping (ASTER 2003/06; see Figure 2) shows that these geochemical anomalies are often coincident with zones of strong silica alteration.
The SGM regional geochemical sediment sample results also suggest significant potential for Carbonate Replacement Deposit ("CRD") mineralization in the La Loma area, especially with the Ojuela and La Platosa CRD mines (both now closed) located only 50 km to the north. Significant anomalies supporting the prospectivity for CRD mineralization also occur to the southeast of the La Loma claim, however this is a protected area.
At La Loma, Southern Empire has planned exploration programs for spring 2023 that will include:
- Higher density stream sediment sampling
- Prospecting and preliminary geological mapping
Centauro Property Expanded by Staking
The Centauro property has been significantly expanded by staking two claims totalling 3,832 ha that surround the 600-ha claim block, which is held under option by Southern Empire. This staking extends the project area up to 7 kilometres to the west (see Figure 4).
The Tauros and Centauro 2 claims cover areas of silica and kaolinite alteration, and lesser alunite and buddingtonite alteration, as recently identified and mapped (by analysis of Worldview-3 hyperspectral data) along trend and to both the northwest and the northeast of the original Centauro claim block. These suites of probable alteration mineralization are often spatially associated with "Carlin-style" and/or low sulphidation epithermal gold mineralization observed at Centauro to date.
Southern Empire has initiated negotiations to secure surface access rights at the
Qualified Person (QP)
The scientific and technical information contained in this news release has been prepared, reviewed and approved by
About
Southern Empire is focused on the acquisition, exploration and development of metals and minerals deposits in
In northeastern Durango State, México, Southern Empire has an option to acquire a 100-per-cent beneficial interest in the 1,750-hectare
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 resource estimate, reported In 2011 by
On behalf of the Board of Directors of
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 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.
Cautionary Notice Regarding Historical Resource Estimate
Cautionary Notice Regarding Exploration Work Programs
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 property access, exploration personnel, drill contractors, equipment, lodging, etc. Southern Empire will adhere to COVID-19 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 COVID-19 risks can be effectively managed.
Neither the
SOURCE
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