http://www.marketwired.com/press-release/southridg
Post# of 9903
Posted On: 06/14/2015 10:27:33 PM
http://www.marketwired.com/press-release/sout...644752.htm
SOURCE: Southridge Enterprises Inc.
April 17, 2012 08:32 ET
Southridge Estimates Potential Asset Value in Excess of $12 Million on Cinco Minas Gold & Silver Property in Mexico
DALLAS, TX--(Marketwire - Apr 17, 2012) - Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company"
is pleased to announce potential asset value in excess of twelve million dollars ($12,000,000USD) from the processing of approximately 35,000 tons stockpile ores available on our Cinco Minas property. The Company has completed rock sampling of the ore stockpiles at Cinco Minas and confirmed the grades cited in the 2007 Behre Dolbear Report to be accurate.
Cinco Minas is our flagship mineral property with a 60 tpd mill and 2 year supply of ore production currently on surface. The property also has a world-class confirmed gold and silver resource of 235,000 oz. gold, and 23.3 million oz. silver with 80% of the known vein system at Cinco Minas has yet to be tested. Today's market value of the confirmed resource at Cinco Minas is well over $1 Billion USD, prior to the completion of further planned exploration to expand the resource.
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:
Show us the $$$ MSJ!
SOURCE: Southridge Enterprises Inc.
April 17, 2012 08:32 ET
Southridge Estimates Potential Asset Value in Excess of $12 Million on Cinco Minas Gold & Silver Property in Mexico
DALLAS, TX--(Marketwire - Apr 17, 2012) - Southridge Enterprises Inc. (PINKSHEETS: SRGE) ("Southridge" or the "Company"
is pleased to announce potential asset value in excess of twelve million dollars ($12,000,000USD) from the processing of approximately 35,000 tons stockpile ores available on our Cinco Minas property. The Company has completed rock sampling of the ore stockpiles at Cinco Minas and confirmed the grades cited in the 2007 Behre Dolbear Report to be accurate. Cinco Minas is our flagship mineral property with a 60 tpd mill and 2 year supply of ore production currently on surface. The property also has a world-class confirmed gold and silver resource of 235,000 oz. gold, and 23.3 million oz. silver with 80% of the known vein system at Cinco Minas has yet to be tested. Today's market value of the confirmed resource at Cinco Minas is well over $1 Billion USD, prior to the completion of further planned exploration to expand the resource.
Additionally, Mathers Research has initiated research coverage of Southridge, with a "Speculative BUY" Opinion and a near term price target of $0.20 cents per share.
The Mathers Research report is available as a free download on the Mathers Research Website @ http://mathersresearch.com/srge-report
For further information on the Company's Gold and Silver projects, visit our website, http://www.southridgeminerals.com
Southridge Investors can access the following Southridge Minerals social media channels:
Show us the $$$ MSJ!
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