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SPECIAL REPORT: Southern Empire Mining – Unearthing significant gold exploration potential in two of North America’s leading mining states (TSX-V:SMP│Frankfurt:5RE)

Southern Empire Resources

Opportunities sometimes fall through the cracks in the mining world. It’s inevitable.

Vast areas of mineralization globally still hold significant gold deposits waiting to be discovered, but can fall victim to being in the wrong place at the wrong time.

There can be many reasons why a project historically “just wasn’t meant to be”.

Commodity prices may have crashed, operator funding could have run out, permitting might have been denied, or a leadership team was simply unable to deliver.

Whatever the case, the long-term result is the same – significant mineral deposits are out there, lying in wait for today’s lucky investors.

When companies revisit these areas and overcome their historical barriers, this can unlock value for shareholders.

And, this is exactly what Southern Empire Resources (TSX-V:SMPFrankfurt:5RE) is preparing to do today.

Fronted by an industry-leading management team and in ideal gold bull market conditions, this Canadian explorer is developing two U.S.-based gold projects that have repeatedly fallen through the cracks over the years.

Now their time has come!

The first of Southern Empire’s (TSX-V:SMPFrankfurt:5REtwo flagship assets is Eastgate.

Located in Nevada, Eastgate is a high-grade gold-silver epithermal vein system boasting many geological similarities to another famous Nevada mine – the Midas (or Ken Snyder) Mine, which produced 2.1 million ounces of gold over its life.

Ken Snyder – the geologist who first discovered the Midas deposits – originally recommended Eastgate for acquisition back in the 1990s. He’s maintained a strong interest in it ever since.

Comparison between Eastgate and the Midas project

Given that the 2,020-acre Eastgate property was endorsed by the man with the ‘Midas touch’ – arguably located in the world’s premier gold jurisdiction, Nevada – it’s almost unbelievable that this project has never been properly pursued.

Yet that is exactly what happened.

Over the years it suffered several false starts. The operators who have drilled it failed to recognize its potential, and when Snyder finally recognized it, it sat firmly in private hands.

Cabot Exploration, the one firm that focused on Eastgate’s low-sulphidation, epithermal vein model, ran out of cash shortly after making a significant discovery.

Today, Southern Empire (TSX-V:SMPFrankfurt:5REis free to push forward where its predecessors failed. Having received full permitting, the company recently completed a first phase core drilling program designed to confirm and expand upon Cabot’s first efforts.


READ OUR SPECIAL REPORT – For a deep dive into Eastgate and Oro Cruz – two overlooked high-grade gold projects of Southern Empire Resources


On the other side of the Nevada border sits Southern Empire’s operations at Oro Cruz.

Based in California’s Cargo Muchacho Mountains, this historically-producing, high-grade gold mine already holds a heap leach-amenable with a historical inferred resource of 341,000 ounces at 2.4 g Au /t from 4.4 million tonnes.

But what really struck Southern Empire (TSX-V:SMPFrankfurt:5REwas the great unrecognized potential that has been hiding in plain sight for decades.

After compiling and mapping over 400 historic drill holes, a clear picture arose and Southern Empire (TSX-V:SMPFrankfurt:5REwas quick to react.

Deeper and wider historical drilling around Oro Cruz identified increasingly impressive gold mineralization just beneath the surface.

Just look at some of these drill hole intersections:

  • 6.9 metres of 23.1 g Au/t (hole OC-428)
  • 19.8 metres of 7.9 g Au/t (hole OC-157)
  • 13.7 metres of 11.1 g Au/t (hole OC-280)
  • 10.7 metres of 12.5 g Au/t (hole OC-382)
  • 4.6 meters of 13.6 g Au/t (hole OC-258)
  • 4.6 meters of 11.7 g Au/t (hole OC-168)
  • 3.0 meters of 12.8 g Au/t (hole OC-159)
  • 6.1 meters of 9.3 g Au/t (hole OC-07)

To date, low gold prices have prevented this potential from being followed up.

But with the project sitting a few miles away from Equinox Gold Corp.’s Mesquite open-pit project, which is targeting 120,000 – 130,000 ounces of production in 2020, the time is now perfect for Southern Empire (TSX-V:SMPFrankfurt:5REto strike.

The historical Oro Cruz open-pit

Southern Empire (TSX-V:SMPFrankfurt:5REis preparing a fully funded, phased exploration plan to further solidify and expand upon its promising signs of Oro Cruz’s noteworthy potential.

In doing so, it will establish Oro Cruz as a potential take out or joint venture target.

The investment case for Southern Empire (TSX-V:SMPFrankfurt:5RE) is already catching the eye of the market.

The clear potential held by its two overlooked projects has helped its shares to soar by more than 210% since coming to market in the spring of 2020.

As more progress is achieved and news flow delivered, and the momentum of the gold bull market brings in a new wave of M&A activity, expect to see Southern Empire’s (TSX-V:SMPFrankfurt:5REstock continue to rise.

This could well become one of the year’s break-away mining success stories.


READ OUR SPECIAL REPORT – for an in-depth look at the reasons why Southern Empire Resources is primed to fly


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Ben Turney

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