Make Kitco Your Homepage

Mining heavyweights turn their attention to past producer near Equinox mine

Sponsored Content

Two geologists credited with significant discoveries have turned their attention to a past-producing mine in the U.S.

Southern Empire's CEO, Dale Wallster, was interviewed by Kitco on Thursday.

Wallster is a prospector and geologist with over 40-years of experience. Previously, Wallster and his team are widely credited for the discovery of Hathor Exploration's Roughrider deposit. Rio Tinto acquired Hathor for CAD$650 million in 2019. Southern Empire's chair is Ron Netolitzky, a Canadian Mining Hall of Fame inductee. Netolitzky has a direct association with the discoveries of the Eskay Creek, Snip and Brewery Creek precious metals mines.

Southern Empire is focused on a deeply-historic mining jurisdiction in southeastern California.

Southern Empire owns the American Girl Mine Property and holds options to acquire a 100% interest in the 2,160 hectares (5,338 acres) Oro Cruz Property located approximately 22.5 kilometers southeast of the operating Mesquite gold mine, which is expected to produce between 130,000-140,000 ounces for Equinox Gold in 2020. 

The formerly producing gold mine was operating as recently as the mid '90s. Past gold production was from oxide ores. The historic resource is at 341,000 ounces at 2.2 g/t Au.

The infrastructure surrounding Southern Empire's project is excellent. 

Southern Empire is ticker SMP on the Canadian Venture Exchange (CVE:SMP).

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.