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ORO CRUZ GOLD PROJECT

Following in the Footsteps of the Great Gold Explorers of the American Southwest

ORO CRUZ

Imperial County, California

A Formerly Producing Gold Mine Having A Significant Exploration Potential

SEE PROPERTY FLY BY VIDEO

The Oro Cruz Gold Project covers most of 3 separate, formerly-producing gold mine areas:

  1. Oro Cruz;
  2. American Girl/American Boy; and
  3. Padre y Madre

In the Cargo Muchacho mountains of Imperial County, southeast California, Southern Empire owns the American Girl Mine Property and holds options to acquire a 100% interest in the 2,160 hectares (5,338 acre) Oro Cruz Property located approximately 22.5 kilometres (km; 14 miles) southeast of the operating Mesquite gold mine of Equinox Gold Corp.

With a history that includes extensive drilling and large-scale open pit and underground mining by the American Girl Mining Joint Venture (53 per cent owned by MK Gold Co., a subsidiary of Morrison Knudsen Corporation, and 47 per cent owned by Hecla Mining Company), which was suspended during the gold market downturn in 1996, the Oro Cruz Gold Project hosts many exploration targets in addition to a high-grade oxide gold zone that, based on the historical mine operation records, is amenable to conventional heap leach extractive methods.

ORO CRUZ

FLY-BY VIDEO

See Oro Cruz property and the surroundings in the fly-by video

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WHYDO WE LIKE IT?

NEAR EQUINOX GOLD’S OPERATING MESQUITE MINE
EXELLENT PROPERTY ACCESS AND INFRASTRUCTURE
HISTORIC PRODUCTION & EXISTING RESOURCE DATA

LOCATED IN THE CABORCA-MOJAVE GOLD TREND

HISTORICAL HIGH-GRADE OXIDE GOLD

Historical resource of 341,800 ounces gold at 2.2 g Au/t*, based in part on:
10.7 meters of 20.9 g Au/t
11.4 meters of 10.1 g Au/t
12.2 meters of 13.4 g Au/t
6.9 meters of 23.1 g Au/t
8.4 meters of 17.9 g Au/t
7.6 meters of 15.9 g Au/t
7.0 meters of 16.3 g Au/t

Legal Notice

*Historical Resource Disclosure

HIGH-GRADE HISTORIC DRILL INTERCEPTS

HISTORICAL RESOURCE ESTIMATE – ALL ZONES

Including Oro Cruz Deposit

Inferred

3,978,000

2.2

0.68

341,800

Historical 2010 Resource: 341,800 ounces gold at 2.2 g Au/t

Legal Notice

All units metric. Reported tonnage and grade figures are rounded from raw estimates to reflect the order of accuracy of the estimate..Table derived from the NI 43-101 Independent Technical Summary Report, September 30, 2019 – Qualified Person, Frank Hrdy, P.Geo. CanMine Consultants.

*Historical Resource Disclosure

WHAT ARE WE AIMING TO ACCOMPLISH ?

“We firmly believe that Oro Cruz has exploration potential for more than a million ounces. We’ll explore the property using modern geological theory and high tech methods of exploration, and see what we can do.

In addition, a sweetener at Oro Cruz is that there are existing heap leach pads from the historical American Girl Mining Joint Venture operations. We’ve just recently taken some surface grab samples from those leach pads and the results were very encouraging. The samples averaged greater than half a gram gold.

And as you know, in that part of the world, for instance over at Equinox’s Mesquite operations, their cut-off grades are substantially less than half a gram. Despite that, Mesquite produces between 115 – 130,000 ounces of gold annually. They have profitable operations even with those low grades.

So, at Oro Cruz, we’re going to go in and look at the existing heap leach pads and do some sonic drilling there to see whether or not we can establish a resource for those. If successful, this would be the “cherry on top” for us.” Dale Wallster, CEO

PHASE ONE OBJECTIVES

Reverse Circulation (RC), Core and Sonic Drilling of the Oro Cruz Property
PRIMARY OBJECTIVES
Investigation of Existing Heap Leach Pads on the Oro Cruz Property

The historical heap leach pads offer an opportunity for low-cost future gold production

PRIMARY OBJECTIVES

74002 PM Mill Overview