Southern Empire Resources Corp. Stock Analysis SMP.V

Southern Empire Resources Corp. engages in the acquisition, exploration, and development of metal and mineral resource properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2018-05-18. The firm is engaged in the acquisition, exploration and development of metals and minerals deposits in the American southwest and northern Mexico. The company is particularly focused on those that are amenable to lower-cost metal extraction methodologies, such as heap leaching. Its exploration and development projects include the Pedro, Centauro and La Loma Gold Projects in Mexico, the VLM Project in Mexico, the Oro Cruz Project in California and the Eastgate Gold Project in Nevada, United States. In the Suaqui Grande area of Sonora, (over 140 kilometers southeast of Hermosillo), it also holds the Suaqui Verde Copper Oxide Project and VLM Property. The Pedro Gold Project is located in the Mapimi mineral district with over 1,788 hectares (ha). The VLM Project has approximately 647 ha, which is in northwestern Mexico. The company owns around 85% of the Eastgate Gold Project and comprises 12 unpatented lode mining claims.