Business
Southern Empire to Advance Funds for Exploration in Saskatchewan's La Ronge Gold Belt
(via TheNewswire) August 27, 2020 - TheNewswire - Southern Empire Resources Corp....
About this update from Southern Empire Resources Corp
[{"type":"text","content":"Southern Empire to Advance Funds for Exploration in Saskatchewan's La Ronge Gold Belt(via TheNewswire)\n \n \nAugust 27, 2020 - TheNewswire - Southern Empire Resources Corp. (Southern Empire) (TSXV:SMP) (Frankfurt:5RE) announces that, pursuant to a definitive Arrangement Agreement dated August 18, 2020 allowing Southern Empire to acquire all of the issued and outstanding shares of MAS Gold Corp. (MAS Gold; TMX-V: MAS), Southern Empire has agreed to advance funds to MAS Gold so that permitting and consultation for their 2020-2021 La Ronge Gold Belt exploration drill program can be initiated. \n\n\n \nHighlights:\n\n\n \n\n\n- 5,500 metres (m; 18,045 feet) of drilling proposed for the Greywacke North and North Lake gold deposits \n\n\n\n- Permitting and consultation process has been initiated for core drill program slated to start in fall 2020\n\n\n\n- Permits are expected within 60 days\n\n\n\n- Drilling is expected to increase gold resource estimates for Greywacke North and North Lake deposits \n\n\n\n- Drilling is expected to increase the level of resource qualification for Greywacke North and North Lake \n\n\n\n- An additional 3,800 m of core drilling targeting other exploration targets on the Greywacke Lake Property (the Greywacke Central and Lyons Zones) and on the Preview-North Property (the Point gold deposit and Joe occurrence)\n\n\n\n \n \nAndrew Davidson, Southern Empire's CFO stated: \"Centered around the La Ronge Gold Belt, where the Seabee and Santoy mining camp has been operating for almost 30 years, Saskatchewan is one of the more prospective regions in Canada for gold exploration and is one of the most mining friendly jurisdictions in the world. Following completion of the MAS Gold acquisition, Southern Empire intends to quickly expand on the already established gold resources.\" \n\n \n \nMAS Gold's road-accessible gold projects are located in the La Ronge Gold Belt of Saskatchewan, Canada. Following consultation with the local communities and stakeholders, and the granting of requisite permits from the Government of Saskatchewan, an initial 5,500 metres (18,045 feet) of core drilling planned for the Greywacke Lake and Preview-North Properties can begin. This drill program is intended to expand and upgrade the known Mineral Resource estimates for the Greywacke North and North Lake gold deposits.\n\n \n \nThe 2020...