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Southern Empire to Start Core Drilling at the Eastgate Gold Project, Nevada
(via TheNewswire) May 6th, 2020 - TheNewswire - Southern Empire Resources Corp. (...
About this update from Southern Empire Resources Corp
[{"type":"text","content":"Southern Empire to Start Core Drilling at the Eastgate Gold Project, Nevada(via TheNewswire)\n \n \nMay 6th, 2020 - TheNewswire - Southern Empire Resources Corp. (Southern Empire) (TSXV:SMP) (Frankfurt:5RE) has engaged Falcon Drilling, Inc., of Carson City, Nevada to complete a fully-permitted, 914 metre (3,000 foot) confirmation core drill program at its Eastgate Gold Project located in Churchill County, Nevada. \n\n\n \nEastgate Gold Project - Core Drill Program Highlights:\n\n\n \n\n\n- Permits in-place for core drilling, drill pad preparation and road work\n\n\n\n- Drill pad preparation and road work to start imminently \n\n\n\n- Approximately 914 metres (3,000 feet) of core drilling expected to start in mid-May\n\n\n\n- Core drill program is intended to confirm historical gold mineralization outlined by a fan of Reverse Circulation (RC) drill holes completed by Cabot Resources Corp. in 1990, including:\n\n\n\n \n\nRC Hole \n\n\n\n\n Intercept*\n\n\n\n\n Intercept*\n\n\n \n\n\n(metres of grams gold/tonne) \n\n\n\n\n(feet of oz gold/ton)\n\n\n\n\nRC90 CEG-1\n\n\n\n\n3.05 m of 7.58 g Au/t\n\n\n\n\n10.0 ft of 0.22 oz Au/ton\n\n\n\n\nRC90 CEG-2 \n\n\n\n\n4.57 m of 10.30 g Au/t \n\n\n\n\n15.0 ft of 0.30 oz Au/ton \n\n\n\n\nRC90 CEG-3\n\n\n\n\n3.05 m of 3.77 g Au/t \n\n\n\n\n10.0 ft of 0.11 oz Au/ton\n\n\n\n\nRC90 CEG-4\n\n\n\n\n1.52 m of 1.71 g Au/t \n\n\n\n\n 5.0 ft of 0.05 oz Au/ton\n\n\n\n\nRC90 CEG-5 \n\n\n\n\n3.05 m * of 8.57 g Au/t \n\n\n\n\n10.0 ft of 0.25 oz Au/ton\n\n\n\n \n*drill intercept length - true thickness unknown\n\n \n \n\n\n- Drill program is expected to be completed in approximately four weeks. \n\n\n\n- Southern Empire is well financed having recently completed an oversubscribed $3.27-million financing (see Southern Empire's news release of March 18, 2020)\n\n\n\n \n \nAbout the Eastgate Gold Project, Nevada\n\n\n \nThe Eastgate Gold Project is 85% owned by Southern Empire and comprises 101 unpatented lode mining claims covering roughly 817 hectares (2,020 acres) located approximately 81 kilometres (50 miles) southeast of the city of Fallon in Churchill County, Nevada. \n\n\n \nSouthern Empire's goal is to define a high-grade gold/silver deposit at Eastgate hosted by multiple, steeply dipping, subparallel low-sulphidation, quartz-adularia epithermal vein systems occurring throughout the property. Small scale...