DALLAS, Jan. 23, 2011 /PRNewswire/ -- Southridge
Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the
"Company") announced today that Mathers Research ("Mathers") has
initiated research coverage of Southridge, with a 'Speculative BUY'
Opinion and a near term price target of $0.20 cents per share.
Mathers, which provides independent investment research to
individual and institutional investors, has released a
comprehensive report that describes Southridge and its mining
growth strategy. The report includes information about the
Company's business model, recent acquisitions, gold production and
the Mill Production Plan (MPP).
Nigel Perkins, Research Analyst
with Mathers Research commented, "It is the author's opinion that
Southridge Enterprises represents a significant opportunity to
investors with a target price of $0.20 per share."
Recent exploration and technical reports of the Cinco Minas
Property indicates substantial high-grade gold and silver
mineralization. A 2007 Property report for Cinco Minas
confirmed a mineral resource of 235,000 oz. gold and 23.33 million
oz. silver. In addition, the property report cites that only
20% of the known vein system has been tested, which represents a
significant potential upside to the confirmed resource.
The recently announced Mill Production Plan (MPP) outlines the
reactivation of an ore processing mill located at the Cinco Minas
site. The mill is capable of processing 60 tpd (tons per day), and
is expandable to 500 tpd, and there is more than a two year supply
of stockpiled ore currently on surface at Cinco Minas ready to be
processed through the mill.
For a link to the full investment opinion and risks associated
with this company, visit
http://www.mathersresearch.com/research
About Mathers Research
Mathers Research was founded in 2001 by Managing Director
Nigel Perkins. Over the past
decade, Mr. Perkins has developed a team of experienced
professionals at Mathers, whom have now generated numerous research
reports on companies trading in markets around the world and
crossing many industry sectors. Our report content was
previously commissioned specifically on a proprietary basis for
investment houses throughout the world and was only available to
the public through the firms that purchased our research. We
have recently begun to direct our research and reports to the
investment community on a retail level and narrowed our focus to
identify unique small and micro capitalized company
opportunities.
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. (Pinksheets: SRGE.PK - News)
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.
SOURCE Southridge Minerals, Inc.