News Column

Southridge Announces Bonanza Gold & Silver Intersected in Drilling at the Gran Cabrera Mine in Cinco Minas, Mexico

Dec 7 2012 12:00AM

Marketwire

Tracker

DALLAS, TX -- (Marketwire) -- 12/07/12 -- Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce the completion of the drill program at Gran Cabrera property in Cinco Minas, Mexico. 37 holes totaling 3,246m have been completed at Gran Cabrera Mine and bringing the drill density to a higher level which is more suitable for a mineral resources estimation.

Assay results have been received for the first sixteen holes from Gran Cabrera and continue to give outstanding results.

Analytical Highlights of the Phase I diamond drill program:


---------------------------------------------------------------------------- ESTIMATEDHOLE TRUE GOLD SILVERNUMBER FROM (m) TO (m) METERS WIDTH (m) (g/t) (g/t)--------------------------------------------------------------------------------------------------------------------------------------------------------GCLP-104 62 89 27 26.3 3.8 363----------------------------------------------------------------------------GCLP-121 252 274 22 20.5 2.6 267----------------------------------------------------------------------------GCLP-133 140 163 23 21.6 5.9 684----------------------------------------------------------------------------GCWK-22 167 185 18 16.9 8.9 528----------------------------------------------------------------------------GCWK-26 236 249 13 11.4 6.2 728----------------------------------------------------------------------------GCWK-29 88 107 19 17.6 5.8 1,230----------------------------------------------------------------------------GCWK-34 124 146 22 19.8 3.9 915----------------------------------------------------------------------------




Additional drill results are being compiled and will be released as they become available.

For further information on the Company's Gold and Silver projects, visit our website: http://www.southridgeminerals.com.

Southridge Investors can access the following Southridge Minerals social media channels:

YouTube Cinco Minas Mexico Project:
http://youtu.be/R6P8oght4Ik
http://youtu.be/o2LfLaSu8ww

Facebook:
http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466
Twitter: http://twitter.com/SouthridgeSRGE

About Southridge Minerals, Inc. (SRGE)
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.

Forward-Looking Statements
Although the Company believes that the forward-looking statement of 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 published current and periodic reports.



Southridge Enterprises Inc.
Investor Relations
Tel. (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com
http://www.srge.mobi





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters