- Southern Empire Resources Corp. (SMP) receives encouraging results at Pedro Project
- Three core holes intercepted a structure strongly anomalous in gold
- The mineralization has signatures indicative of Carlin-type gold mineral occurrences
- A third party has been hired to objective compare Pedro samples to Carlin ones
- Southern Empire Resources Corp. (SMP) is unchanged trading at $0.12 per share at 12:00 p.m. ET
Southern Empire Resources Corp. (SMP) has reported encouraging results from its Pedro Gold Project in Mexico.
Southern Empire has completed six core holes for a total of 856.3 metres. Top gold mineralization results came from hole P22-03.
Core holes P22-01, -02, -03 and -06 intercepted thick zones in a structure that is strongly anomalous in gold, and trace elements typical of Carlin-type mineralization. The mineralization has signatures indicative of Carlin-type gold mineral occurrences.
Dave Tupper, Vice President of Exploration for Southern Empire, commented,
“The Au-As-Sb-Hg-Tl-Te geochemical suite associated with strong orpiment and realgar) mineralization observed in the Pedro drill core is, in part, indicative of Carlin-style gold deposits… When you also consider the lithology, stratigraphic and extensional tectonic geological setting of the Pedro Gold Project, the probability that the Pedro prospect is a Carlin-style gold occurrence becomes compelling.”
To assist in the assessment and understanding of the Pedro gold deposit LISA CAN Analytical Solutions Inc. of Saskatchewan has been contracted for work. The assistant company will determine similarities and differences between samples from the Pedro project and Carlin-type deposits to analyze the gold-mineralized Pedro drill core.
Southern Empire is earning a 100 per cent interest in the Pedro Gold Project for $700,000 paid over three years and 100,000 shares and work expenditures of $1.5 million.
Southern Empire Resources Corp. (SMP) is unchanged trading at $0.12 per share at 12:00 p.m. ET.
