SRGE News

Southridge Initiates Aggressive 50,000 Meter Drill Program at Gran Cabrera Gold & Silver Mining Properties

2012-09-13 09:10 ET - News Release

DALLAS, TX -- (Marketwire) -- 09/13/12

Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company") is pleased to announce that it has commenced a 50,000 meter exploration drill program at Gran Cabrera Gold & Silver Mining properties in Mexico, where previous underground workings stated grades from this area in the order of 200-500 gram Silver and 3.4 gram Gold based on average assays from chip and channel samples. Historical information stated that ore from the Gran Cabrera mines could obtain assays in the order of 9 kilograms (290 oz) silver and about 10.3 grams (0.3 oz) gold in bulk operations, all high-end bonanza grade values.

"We are thrilled to commence our 2012-2013 drill program at Gran Cabrera Gold & Silver Mining Properties in Mexico. This is an extraordinarily large and prospective property package. We believe Gran Cabrera will ultimately yield multiple high-end bonanza grade discoveries. Our goal is to implement our strategy to increase the company's footprint along the Sierra Madre Occidental gold belt," stated Michael Davies, President and CEO of the Company.

Southridge's professional geological crew based in Guadalajara has been conducting surface exploration since mid July of 2012, and has successfully identified a number of drill targets. The Company has focused its initial attention on a 1.3 km long zone centered on the Cabrera system of veins and stock-works. Numerous old adits have been mapped within this zone and more than 270 channel samples have been taken from the underground workings. One diamond core drills began operating in the first week of September with two additional drills scheduled to arrive in October.