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SOUTHERN EMPIRE RES CORP - SMPEF STOCK NEWS

Welcome to our dedicated page for SOUTHERN EMPIRE RES news (Ticker: SMPEF), a resource for investors and traders seeking the latest updates and insights on SOUTHERN EMPIRE RES stock.

Southern Empire Resources Corp. is a mining company focused on the acquisition, exploration, and development of metal and mineral deposits in North America. The company owns the American Girl patented claims and the Oro Cruz Property in California, as well as multiple projects in northern Mexico. Southern Empire recently announced an agreement to acquire Cuprum Mining Corporation, gaining access to the Suaqui Verde Copper Project in Sonora, Mexico, known for its porphyry copper deposits. Southern Empire is led by a team of industry veterans and is committed to sustainable mining practices.

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Southern Empire Resources Corp. announces approval of the Reclamation Plan for the Oro Cruz Project Exploration Plan of Operations, a major step forward for the company. The plan proposes mineral exploration drilling activities requiring up to 8.31 hectares of surface disturbance. The project area is located in the Picacho Area of Critical Environmental Concern and will include up to 65 drill pads in seven drill target areas. The project received negative declarations under the California Environmental Quality Act, and mitigation measures were made a condition of the approval. However, the approvals are being appealed by parties opposing mining in Imperial County.
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Southern Empire Resources Corp. has received permitting for 30 exploration drill hole sites at its Centauro Gold Project in Mexico. The project has significant potential for precious metal mineralization. The environmental permitting work was completed by Segeo Ambientales Mx.
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Southern Empire's subsidiary, SMP Gold Corp., receives approval from the United States Department of the Interior's Bureau of Land Management (BLM) to move forward with mineral exploration on public lands at its Oro Cruz Project in California. The approval allows for the establishment of drill pads, drilling of up to 65 holes, improvement of access roads, and creation of a staging area. The project is in compliance with environmental and cultural protection laws. The BLM's decision is subject to a 30-day public appeal period.
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Southern Empire Resources Corp. announces agreement with Cuprum Mining Corporation to acquire up to 100% interest in Cuprum's Suaqui Verde Copper Project. Potential development scenarios include open pit mining and heap leaching or in-situ leaching. Copper added to U.S. Department of Energy's List of Critical Materials. Significant near-term value for shareholders. Geology suggests potential for deeper sulphide zones. Good access to project area. Infrastructure available in nearby town of Suaqui Grande.
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Southern Empire Resources Corp. has successfully acquired a 100% interest in the Oro Cruz Project located in southeastern California, following a final option payment and completion of exploration obligations. This site, covering approximately 2,160 hectares, previously produced gold and is adjacent to Equinox Gold Corp.'s Mesquite mine. Southern Empire aims to initiate an aggressive exploration program targeting high-grade oxide gold, contingent on permitting outcomes. The Oro Cruz Project has a historical inferred mineral resource estimate of 341,800 ounces of gold based on 4,386,000 tonnes at an average of 2.2 grams gold per tonne. The company is optimistic about upcoming exploration opportunities and further development efforts in this area.

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Southern Empire Resources Corp. has announced findings from its Pedro Gold Project in Durango, México, indicating mineral similarities to the Carlin gold deposits in Nevada. Through Synchrotron Micro-XRF studies, the company presents evidence supporting the potential existence of a new gold belt named the Mapimi Gold Corridor. The CEO emphasized the strategic importance of these findings for exploration efforts. Additionally, Southern Empire provided an overview of its 2022 exploration activities and updates on option agreements, including those with Commander Resources Ltd.

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Southern Empire Resources Corp. (TSX-V:SMP; OTC:SMPEF) has announced the acquisition of the La Loma gold property in Durango, Mexico, spanning 23,750 hectares. This acquisition enhances Southern Empire's portfolio, complementing the Pedro Gold Project and the recently expanded Centauro Gold Project, now totaling 4,432 hectares. The La Loma property features significant gold and mineral anomalies and is unencumbered by local land ownership issues. Initial exploration programs are planned for spring 2023, highlighting the company’s potential in the attractive gold-rich region of northern central Mexico.

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Southern Empire Resources Corp. has announced the expansion of its mineral property portfolio by entering an Option Agreement to acquire a 100% interest in the Centauro property in southeastern Chihuahua, Mexico. This move aligns with its strategy to explore prospective 'Carlin-style' gold deposits. The Centauro property covers 500 hectares and shows significant potential, highlighted by an anomalous geochemical signature. The company plans to undertake extensive exploration programs, including soil sampling and IP surveys, with a total investment commitment exceeding US $2.3 million over five years.

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FAQ

What is the current stock price of SOUTHERN EMPIRE RES (SMPEF)?

The current stock price of SOUTHERN EMPIRE RES (SMPEF) is $0.04 as of June 27, 2024.

What is the market cap of SOUTHERN EMPIRE RES (SMPEF)?

The market cap of SOUTHERN EMPIRE RES (SMPEF) is approximately 4.4M.

What is Southern Empire Resources Corp. focused on?

Southern Empire is focused on the acquisition, exploration, and development of metal and mineral deposits in North America.

What properties does Southern Empire own?

Southern Empire owns the American Girl patented claims and the Oro Cruz Property in California, as well as multiple projects in northern Mexico.

What recent acquisition did Southern Empire make?

Southern Empire recently announced an agreement to acquire Cuprum Mining Corporation, gaining access to the Suaqui Verde Copper Project in Sonora, Mexico.

What is the Suaqui Verde Copper Project known for?

The Suaqui Verde Copper Project in Sonora, Mexico, is known for its porphyry copper deposits.

Who leads Southern Empire Resources Corp.?

Southern Empire is led by a team of industry veterans with expertise in mine and corporate finance, exploration, permitting, development, and operations.

What is Southern Empire's commitment to sustainability?

Southern Empire is committed to sustainable mining practices in all its operations.

SOUTHERN EMPIRE RES CORP

OTC:SMPEF

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4.37M
50.22M
25.27%
Gold
Basic Materials
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