SANTIAGO, Chile, Aug. 28, 2009 (GLOBE NEWSWIRE) -- Southern Energy Company, Inc. (Pink Sheets:SOCI) (Frankfurt:8CE), a publicly traded resource exploration company, is pleased to announce the following metallurgy results on the Condoryacu Gold Property in Salta Province, Argentina. Mr. Hector Vittone, the Company's Joint Venture partner, has performed a metallurgical evaluation at the South Zone of the property as part of an overall feasibility study on the property.
As the previous operator, Mr. Vittone performed metallurgical evaluation at the South Zone as part of an overall pre-feasibility study. That work determined that the gold was finely disseminated and would require fine grinding to liberate the precious metal. Accordingly, a 200 ton per day (tpd) milling operation was designed which included crushing, gravity separation, floatation, concentration, and milling. Once the initial processing took place, tailings would then be processed via heap leaching to recover remaining gold.
Mr. Vittone expects the results from further metallurgical studies to be available shortly. This will allow the Company to order the last of the milling and recovery equipment in order to have a date for the start of mill construction.
About Southern Energy Company, Inc.
Southern Energy Company, Inc. is a publicly traded resource exploration company. From 2007 to the present the company has been active in seeking out resource opportunities in North and South America to explore, develop, and produce. The Company is currently focused on the acquisition, exploration and development of coal, gold, copper and silver properties throughout South America. Currently, Southern Energy owns the Catalina Silver and Gold Property northwest of Santiago, Chile, and the two Lota Bay Coal Concessions in Lota, Chile. The Company has entered into a joint venture agreement on the Condoryacu Gold, Copper and Silver Property located in Salta Province, Argentina.
Please visit http://www.southernenergycompany.com for more information.
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