Southern Energy Reports On The Condoryacu Property

 

SANTIAGO, CHILE - Southern Energy Company, Inc. reported additional disclosure with respect to the Condoryacu Gold, Copper, and Silver Property in Salta Province, Argentina. As previously announced, the Company has entered into a

The minimum potential mineable resource would be 121,000 tons with a recoverable resource of 50,000 ounces of gold equivalent. Other reports show a potential mineable resource of 250,000 tons with a recoverable resource of 120,000 ounces of gold equivalent. Based upon projected mining and milling costs, the Company should recover its full investment within a 12 month period.

Southern Energy has commissioned a resource engineer to prepare a report of actual recoverable tonnage and ounces of gold equivalent. This will allow the Company to develop a realistic mine plan and optimum recovery system.