DALLAS, TX--(Marketwire -09/06/11)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce its Mill Production Plan (MPP) whereby the Company will begin preparations to ramp-up the processing of tailings and other ore samples through the Company's 60 ton per day mill located on the Cinco Minasproperty in Jalisco, Mexico. Southridge expects to have a series of production processing runs completed through the mill before the end of this calendar year. The Company's intentions of these ore processing runs is to re-establish the mineral production values achieved in previous years' processed through the mill and increase the processing and production volume to the mill's maximum capacity in the first quarter of 2012.
The Company also plans to further its recent exploration work on the Cinco Minas property in order to increase the properties mineral resource. Recent exploration and development operations at Cinco Minas include geochemical rock chip sampling, electro-magnetic geophysical studies, mapping and channel trenching programs. Southridge plans to analyze information collected during the recent exploration work, before initiating an extensive drill program at Cinco Minas in the second quarter of 2012.
"We are excited to re-open the gold and silver mine on the Cinco Minas property with our Mill Production Plan to initiate operations later in the year," stated Michael Davies, President. "It is our mandate that Southridge continues to aggressively explore Cinco Minas and advance our current mineral resource. Previous producers on the property did not have the utility of a modern milling operation, which enables a more efficient mineral extraction and allows the processing of ore grades previously not regarded as economic. The Company expects to employ these current comparative advantages, over previous operating environments, for the economic benefit of our shareholders."
Additionally, the Company has recently been upgraded to OTC Pink Current Information status on the OTC Markets/Pinksheets website. Management is now conducting a due diligence process to retain an industry qualified auditor to facilitate the Company in moving forward with it plans to becoming a reporting issuer on the OTC Bulletin Board in the near future.
For further information on the Company's Gold and Silver projects, visit our website,www.southridgeminerals.com.
Investors can access the following Southridge Minerals social media channels:
Twitter (http://twitter.com/SouthridgeSRGE)
YouTube Cinco Minas Project
(http://www.youtube.com/watch?v=R6P8oght4Ik)
(http://www.youtube.com/watch?v=C03I_ojnRFM)
(http://www.youtube.com/watch?v=R6P8oght4Ik)
(http://www.youtube.com/watch?v=C03I_ojnRFM)
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 on early state opportunities with good mineralization indicators that can carry plenty of blue-sky potential. Southridge progresses these projects that are or will be of interest to mid-size and major producers. By forming ventures on individual projects, the Company expects to grow and maintain an interest 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, the geology conditions of formation of known large gold deposits that up until now have received very little attention. This way it can focus geographically and on a couple of commodities to give its shareholder return on their investment in the most efficient way possible.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the 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 current and periodic reports filed from time to time with the Securities and Exchange Commission.
Contact:
Michael Davies
President
Tel. (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com
