SRGE - Southridge Enterprises
Southridge's Cinco Minas Property and Mill Processing Update
DALLAS, TX--(Marketwire -09/06/11)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce its Mill Production Plan (MPP) whereby the Company will begin preparations to ramp-up the processing of tailings and other ore samples through the Company's 60 ton per day mill located on the Cinco Minas property in Jalisco, Mexico. Southridge expects to have a series of production processing runs completed through the mill before the end of this calendar year. The Company's intentions of these ore processing runs is to re-establish the mineral production values achieved in previous years' processed through the mill and increase the processing and production volume to the mill's maximum capacity in the first quarter of 2012.
The Company also plans to further its recent exploration work on the Cinco Minas property in order to increase the properties mineral resource. Recent exploration and development operations at Cinco Minas include geochemical rock chip sampling, electro-magnetic geophysical studies, mapping and channel trenching programs. Southridge plans to analyze information collected during the recent exploration work, before initiating an extensive drill program at Cinco Minas in the second quarter of 2012.
"We are excited to re-open the gold and silver mine on the Cinco Minas property with our Mill Production Plan to initiate operations later in the year," stated Michael Davies, President. "It is our mandate that Southridge continues to aggressively explore Cinco Minas and advance our current mineral resource. Previous producers on the property did not have the utility of a modern milling operation, which enables a more efficient mineral extraction and allows the processing of ore grades previously not regarded as economic. The Company expects to employ these current comparative advantages, over previous operating environments, for the economic benefit of our shareholders."
Additionally, the Company has recently been upgraded to OTC Pink Current Information status on the OTC Markets/Pinksheets website. Management is now conducting a due diligence process to retain an industry qualified auditor to facilitate the Company in moving forward with it plans to becoming a reporting issuer on the OTC Bulletin Board in the near future.
For further information on the Company's Gold and Silver projects, visit our website, www.southridgeminerals.com.
Investors can access the following Southridge Minerals social media channels:
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out on early state opportunities with good mineralization indicators that can carry plenty of blue-sky potential. Southridge progresses these projects that are or will be of interest to mid-size and major producers. By forming ventures on individual projects, the Company expects to grow and maintain an interest in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico, the geology conditions of formation of known large gold deposits that up until now have received very little attention. This way it can focus geographically and on a couple of commodities to give its shareholder return on their investment in the most efficient way possible.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission.
Mineral Properties in the SRGE portfolio are fantastic! The Cinco Minas property which is fully owned by Southridge is a great example. They're already working on the property as announced in their latest news release. Once they get that Mill up and running the results will be extraordinary! Expect this stock in the 25 cent range short term!!!!
SRGE - Do the Math and make $$$$$
The Opportunity to get in on SRGE now is closing up rapidly! Once the investment community learns about SRGE and the Cinco Minas mine they will be stepping over each other trying to pickup Southridge stock at these cheap prices! Remember the market awareness campaign starts in October!
If you BUY 2,500,000 shares at current price .0019 it would cost you only $4,750 today! Analysts have SRGE at a short term target price of $0.30 cents. However, lets say that in the short term it only goes up to half of that $0.15... now those same 2,500,000 shares would be worth $375,000 making you a profit of $370,250!!! WOW! now that's good money on a very small investment of only $4,750. This of course is all short term targets. I myself have a Fair Valuation of $0.85-$0.95 and have my first sell order at $0.80 cents.
Southridge Minerals - Investment Opportunity
Southridge has strong contacts within Mexico; and it holds claims on properties with significant mining histories. Southridge believes these properties can be exploited to considerable financial advantage at a time where gold and silver is a desirable market commodity.
The Company's management provides Southridge the mining expertise and business knowledge necessary to bring mining properties to production, and will also provide Southridge with the opportunity to acquire additional properties and resources in the region which meet the Company's criteria.
- The opportunity to expand the resource potential significantly through further sampling and drilling on previously unexplored areas, which indicate continuity of mineralization;
- The probability of using Open Pit and underground bulk mining methods to exploit the Indicated Resources, 65 Drill holes finished, 50 additional drill holes for Proven Reserves;
- The expansion of the mineral potential based on a validated NI 43-101 mineral resource through a low cost, focused program including mapping, trenching, sampling and geochemical studies, fill-in drilling converts indicated resources to Proven Reserves;
- Fast – track Production on a large scale possible, USD $9.0 million invested to date;
- The ability to utilize additional lands controlled by Southridge adjacent to the property for processing and other facilities;
- Nearby mining exploration concessions held by Southridge with superior mineral potential are available for exploration and other major Silver – Gold projects available : Monte de El Favor and Gran Cabrera.
Cinco Minas Highlights
- Originally developed during Spanish colonial times in the 1500s;
- Developed during the middle of the Mexican revolution by Marcus Daley, founder of the Anaconda Mining Company, who was backed by none other than John D. Rockefeller;
- Production records do not exist, but have been estimated at around 2,1 million tonnes of ore grading 4.46 g/t and 637 g/t of gold and silver, respectively. This representes a production of over 53 million silver-equivalent ounces at present metals prices;
- Five (5) NI43-101 reports avaialable, including drill results indicating 2.27 MT grading 1.22 g/t Au and 172 g/t Ag;
- Previous mine dumps containing significant amounts of ore as well as outcropping ore bodies are readily accessible for processing.
Southridge Announces Appointment of Geologist Juan Eduardo Lopez Romero as Advisor to the Board of Directors
DALLAS, TX--(Marketwire -09/26/11)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce the appointment of Juan Eduardo Lopez Romero, Geologist, to the Company's advisory board effective immediately.
Mr. Juan Eduardo Lopez Romero graduated in 1981 as a geologist from the University of Sonora in Hermosillo, Sonora, Mexico. With over 28 years of professional experience, Mr. Lopez Romero has specialized in geological mapping, mineral exploration, geological hazard studies and environmental impact, hydrology, geotechnical, geochemical, geophysical and drilling techniques.
For 17 consecutive years (1981-1999), Mr. Lopez Romero worked as Senior Geologist for Cyprus Minerals Company, a U.S. based company, which later merged with AMAX to form Cyprus Amax Minerals Company, the world's leading producer of molybdenum and lithium, and a leading producer of copper and coal. As a Senior Geologist at Cyprus Minerals, Mr. Lopez Romero was responsible for creating and implementing programs and various techniques of exploration and evaluation of mining projects with high potential in most of Mexico, Ecuador, Costa Rica, Chile, Honduras, Panama and Peru.
Since 2000, Mr. Lopez Romero has been an independent consultant with permanent residence in Guadalajara, Jalisco. Since 2005, he has worked as an associate consultant for several companies specializing in mining issues, geophysics, drilling, geotechnical, groundwater and the environment.
The Company is also pleased to announce the appointment of Ing. Juan Renteria Gutierrez to the Board of Directors. Mr. Renteria Gutierrez is co-founder of Promotora Regus S.A. de C.V. a leading Mexican Company providing Surveying, Appraisals and Expert Opinion services to insurance companies and courts in all areas, both at the State and Federal levels nationwide. Mr. Renteria Gutierrez holds a degree in Engineering and brings over 35 years of experience in this discipline to the Company.
Southridge President, Michael Davies, commented, "We are very proud and excited to add these two esteemed professionals to our team. Their proven expertise and unparalleled knowledge of the local industry, business environment and geology will definitely be a catalyst to the growth and profitability of our flagship properties at Cinco Minas going forward."
For further information on the Company's Gold and Silver projects, visit our website,www.southridgeminerals.com.
Investors can access the following Southridge Minerals social media channels:
YouTube Cinco Minas Project
Southridge Minerals, Inc. is a U.S.-based mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. The Company seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential. Southridge pursues and advances these projects that are or will be of interest to mid-size and major producers. By forming alliances on individual projects, the Company expects to develop its interests in mines operated by its partners, allowing it to continue to build value through continued exploration. Southridge is currently focused on projects in Mexico.
What sets Southridge apart is its vast experience in Mexico and the knowledge of the geological conditions and formations pertaining to known large gold deposits that have received very little attention to date. This comparative advantage, combined with a specific geographical and mineral focus, will allow for more efficient asset and income growth in the future for the benefit of shareholders' investments.
New SRGE board bumper sticker!
This stock is a scam! they don't even have rights to the proiperty. Bandera Gold Ltd. has current litigation against George Barnett and MSJ. If you go to IHub anyone can see that all the alias' that are on this board and thread are linked to George Barnett. Petelongs is George Barnett plus Phat cat, dog stock, Wallstfav, they are all linked to a scam orchestrated by Barnett. He is trying to discredit Bandera Gold because he knows he will loose the court case. Stay away from this one. It is trading at .0009 pps . What a joke