Southridge Ramps Up Exploration Targeting 80% of Unexplored Vein System at Cinco Minas
May 04 2012 - 7:31PM
Marketwired
Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the
"Company") is pleased to announce that it has expanded its
previously announced exploration program on February 13, 2012, to
include the additional 80% unexplored portion of the known vein
system at Cinco Minas.
Cinco Minas is a historical producing mine that has been the
subject of substantial previous exploration and production. The
mine currently has a mineral resource of 23.33 million oz. Ag, and
235,000 oz. Au. Previous exploration at Cinco Minas has only tested
20% of the known vein system, and the recently announced
exploration program is designed now to explore the untested 80%
portion of the known vein system. Southridge Minerals is committed
to aggressively exploring the property, and expand the current
mineral resource at Cinco Minas.
"We are focusing our efforts on a number of specific targets at
Cinco Minas, previous reports on the property have identified
several high potential targets of additional mineralized zones,"
says Southridge President & CEO Michael Davies. "The expanded
program will look to evaluate key areas of these targets and
collect the applicable samples for assay."
Additionally, Mathers Research has initiated research coverage
of Southridge, with a "Speculative BUY" Opinion and a near term
price target of $0.20 cents per share. The Mathers Research report
is available as a free download on the Mathers Research Website @
http://mathersresearch.com/srge-report
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) 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.
Contact: Investor Relations Tel. (214) 699-6255 Email:
info@southridgeminerals.com http://www.southridgeminerals.com
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