Southridge Minerals announces delivery of a Third drill rig at the
Gran Cabrera Gold & Silver Mining Properties in Mexico
DALLAS, Oct. 22, 2012 /PRNewswire/ -- Southridge
Enterprises Inc. (Pink Sheets: SRGE) ("Southridge" or the
"Company") is pleased to announce the arrival and commencement of
drilling by the third drill rig at the Company's Gran Cabrera Gold
& Silver Mining Properties in Mexico.
To date there are now three drill rigs working on the Gran
Cabrera site.
The aggressive 2012-2013 diamond drill program began
September 3, 2012 and calls for
50,000 meters of diamond drilling. The first drill rig is testing
Los Espinoles #3, where three drill holes were completed to a depth
of 205 meters, 182 meters and 193 meters. A total of eighty core
samples were cut and are being shipped to the ALS Labs at
Guadalajara, Jalisco, Mexico.
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
SOURCE Southridge Enterprises Inc.