Mining heavyweights turn their attention to past producer near Equinox mine
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).