TSX-V-listed exploration and development company Southern Empire Resources on Monday announced that it would buy fellow-listed MAS Gold, which has two advanced stage gold deposits in the La Ronge gold belt of Saskatchewan, Canada.
The North Lake deposit contains 417 000 ounces of gold and the Greywacke North deposit 95 600 oz.
"With this transaction, Southern Empire will emerge as a company having NI 43-101 gold resources in Saskatchewan, annually ranked as one of the best mining jurisdictions in the world, which we will target to expand and enhance.
“Together with our Oro Cruz and Eastgate gold projects in the south-western US, we will be a multi-asset, advanced stage gold exploration and development company with holdings in some of the best mining jurisdictions in the world. Southern Empire has a strong treasury, an award-winning technical team and management with strong track records in the capital markets,” said Southern Empire CEO Dale Wallster.