Southridge Minerals Cinco Minas & Gran Cabrera Mexico

Showing posts with label Cinco Minas. Show all posts

13.5.12

Southridge Ramps Up Exploration Targeting 80% of Unexplored Vein System at Cinco Minas

Southridge Ramps Up Exploration Targeting 80% of Unexplored Vein System at Cinco Minas
DALLAS, TX--(Marketwire -05/04/12)- Southridge Enterprises Inc. (SRGE.PK - News) ("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. (SRGE.PK - News)
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

Southridge Clarifies Cinco Minas Mineral Property Ownership

Southridge Clarifies Cinco Minas Mineral Property Ownership
DALLAS, TX--(Marketwire -04/13/12)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced today that the Company would like to clarify its mineral property ownership status at Cinco Minas in Jalisco, Mexico.

Southridge has completed binding legal agreements pertaining to Cinco Minas securing the surface rights, the property use/access and the mineral concessions. The Company currently has sole occupation and access to the property and all of the assets on the surface via a Surface Rights Agreement ("SFA") and a Property Lease Agreement ("PLA") with the local agrarian community of Cinco Minas (Ejido Cinco Minas) and has established, over the past couple of years, a strong relationship with the community with respect to the mining operations on site. The PLA is generating monthly revenues for the community and has brought an impoverished district into a healthier standard of life. This being the first of many steps to carry out the Company's commitment of social responsibility. Also, the public update of the Cinco Minas mineral concession ownership being duly reflected in Southridge's name is expected at any time. However, the Company has been advised by its legal counsel that the update process typically takes considerable time to complete at the Mexican Mining Registry. It should be noted that the mineral concessions only have tangible value when combined with the surface rights and property access. Southridge has secured all of these necessary components to conduct mining operations at Cinco Minas.

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.

With respect to recent news regarding the troubled past of the previous owners of Cinco Minas, it should be clarified that these circumstances have absolutely no relevance to Southridge or its management in any way, shape or form. The Company is currently conducting business as usual by focusing its operations on the development and expansion of its mineral properties and facilities.

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.PK - News)
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.

Contact:

Karen Mills
Investor Relations
Tel. (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com

Southridge Plans Mill Expansion Program at Cinco Minas to 500 Tons Per Day

Southridge Plans Mill Expansion Program at Cinco Minas to 500 Tons Per Day
DALLAS, Feb. 23, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced today that the Company has initiated a program to increase future output of the Cinco Minas mill in Jalisco, Mexico, to 500 tons per day (tpd). The Company is currently negotiating a contract with an engineering firm based in Mexico City to perform an assessment of the mill site at the Cinco Minas as a basis for the planned expansion to 500 tpd mill. As part of the previously announced Mill Production Program, Mr. Juan Eduardo Lopez Romero, the Company's geologist and advisory board member, will be coordinating the finalization of the engineering contract for the Cinco Minas mill expansion program.

"We are excited to announce our plans to increase the output of our Cinco Minas mill. This is a major step forward for both the Company and shareholders," says Southridge President Michael Davies, "as it has always been our goal to implement a production schedule that would increase both revenues and add to shareholder value. Our focus is to turn Cinco Minas into a world-class precious metals mining operation."

Currently, Cinco Minas hosts a 60 tpd mill and has a significant 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. Recently, Southridge announced rock sampling and testing of the surface ore at Cinco Minas. In 2007, International mining consulting firm Behre Dolbear released a report on gold and silver ore stock piles and waste dumps at Cinco Minas. The Behre Dolbear report recommends the expansion of Cinco Minas and suggests that there is 2 year supply of ore production currently on surface at Cinco Minas.

To the north of Cinco Minas is First Majestic Silver Corp.'s San Martin Mine, which hosts a major production operation in a 900 tpd cyanide mill with a Proven & Probable reserve of 6,790,782 Ag, a Measured and Indicated resource of 7,435,823 oz. Ag and a further 48,900,000 oz. Ag Inferred 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:

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)

Southridge To Confirm Ore Stockpiles at Cinco Minas Through Rock Sampling Program

Southridge To Confirm Ore Stockpiles at Cinco Minas Through Rock Sampling Program
DALLAS, Feb. 21, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (Pinksheets: SRGE.PK) ("Southridge" or the "Company") announced that it will conduct additional rock sampling of the ore stockpiles at Cinco Minas to confirm the grades and tonnage cited in the 2007 Behre Dolbear Report, as part of the recently announced exploration program.

Behre Dolbear is an internationally recognized and respected mining consultancy firm with offices around the globe. Behre Dolbear was commissioned in 2007 to perform a review of the Cinco Minas property, previous exploration activities and existing stockpiles & waste dumps located on surface. The review was published in a report by Behre Dolbear and outlined a series of observations and recommendations regarding exploration, short-term production and further expansion at the mine.

The report concluded that while further sampling is required to attain an accurate estimation of both the grade and volume of material at Cinco Minas, Behre Dolbear stated that the short-term feed for the 60 tons per day (tpd) processing plant could be supplied by the existing stockpiles and wastedumps. Furthermore, the report cites that an estimated 35,000 tons of ore is available, which accounts for nearly 2 years of production.

Southridge Mineral's geologist Juan Eduardo Lopez Romero, who is directing the Company's recently announced exploration program, will oversee the rock sampling and measurement of existing stockpiles and waste dumps.

"This is an important step for Southridge, as the Behre Dolbear report provides the ground work for a production and exploration plan at Cinco Minas for both the short and mid-term," stated Southridge President Michael Davies. The Company plans to follow the recommendations of the report and begin the rock sampling program of the ore stock piles. The sampling activities are a key component of the Mill Production Plan and initial production operations that will utilize the reactivated 60 tpd mill and the 2 year supply of ore stock piles on site.

The rock-sampling program will allow the Company to confirm the estimate of the stockpiled ore's gold and silver grade and rely on the measurement and density calculations that are vital for precise estimate of the overall tonnage. These two factors will provide for the forecasting of potential revenues for the first two years of production at Cinco Minas.

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)

Southridge Initiates Exploration Program at Cinco Minas

Southridge Initiates Exploration Program at Cinco Minas

DALLAS, Feb. 13, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") announced that it has initiated plans for further exploration at Cinco Minas to increase the Company's current mineral resource calculation. The exploration program will be led by Company geologist and advisory board member Juan Eduardo Lopez Romero. Mr. Lopez Romero will also be responsible for the qualification and selection of a consulting firm to assist in the design, implementation and fulfillment of the work program, which will focus on the known vein system and identify high grade gold and silver targets to further supply the Company's ore processing mill at Cinco Minas.
Mr. Juan Eduardo Lopez Romero graduated in 1981 as a geologist from the University of Sonora in Hermosillo, Sonora, Mexico. With over 28 years of professional experience, Mr. Lopez Romero has specialized in geological mapping, mineral exploration, geological hazard studies and environmental impact, hydrology, geotechnical, geochemical, geophysical and drilling techniques. Most notably, Mr. Lopez Romero was the Senior Geologist for 17 years at Cyprus Minerals Company, a U.S. based company, which later merged with AMAX to form Cyprus Amax Minerals Company the world's leading producer of molybdenum and lithium, and a leading producer of copper and coal. As the Senior Geologist at Cyprus Minerals, Mr. Lopez Romero was responsible for creating and implementing programs and various techniques of exploration and evaluation of mining projects with high potential in most of Mexico, Ecuador, Costa Rica, Chile, Honduras, Panama and Peru.
Cinco Minas is a historical past producing mine, which has been the subject of substantial previous exploration, and currently has a known mineral resource of 23.33 million oz. Ag, and 235,000 oz Au. Past exploration at Cinco Minas has only test 20% of the properties known vein system, and Southridge plans to aggressively explore the untested portion of the vein in order to increase the current mineral resource.
"Cinco Minas is a world-class precious metals property, and Southridge is committed to increasing shareholder value through the expansion of the current mineral resource. We feel strongly that aggressive exploration of the untested portion of the known vein system at Cinco Minas provides the most strategic and efficient opportunity to add significant asset value to the Company for the benefit of our current and future shareholders," commented Michael Davies, the President and CEO of Southridge Enterprises.
Southridge's Cinco Minas mine is located in the Mexican state of Jalisco, approximately 75 miles from the major city of Guadalajara. To the north of Cinco Minas is First Majestic Silver Corp.'s San Martin Mine, which hosts a major production operation in a 900tpd cyanide mill with a Proven & Probable reserve of 6,790,782 Ag, a Measured and Indicated resource of 7,435,823 oz. Ag and a further 48,900,000 oz. Ag Inferred 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:
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.PK - News)
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 Announces Listing on Mexican Federal Government SGM Website

DALLAS, TX--(Marketwire -01/09/12)- Southridge Enterprises Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce that it has been listed on the "Servicio Geologico Mexicano" (SGM) website. SGM provides economic and financial information for the mining industry and metals for the utilization of the mineral resources for the country of Mexico and is part of the Mexican Federal Government's division of "Secreteria de Economia" (SE).

Michael Davies, President and CEO, said, "The listing on the SGM Website is another milestone in the long process of updating the mining registry, which is nearing completion now. Once the Mexican Mining registry update is completed and reflects the Company's current ownership interest in the Cinco Minas mineral concessions, we expect to immediately finalize and close on numerous Joint Venture and Financing proposals that have been in negotiations over the last year."

For further information on the Company's SGM listing visit:

http://portaljsp.sgm.gob.mx/SINEM/f4MME/iMinMex3Empresas.htm

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.PK - News)

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.

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:

Karen Mills
Investor Relations
Tel. (214) 699-6255
Email: Email Contact
Website: http://www.southridgeminerals.com

Southridge Minerals Announces Appointment of Engineer to Its Mill Assessment Committee

DALLAS, TX--(Marketwire -10/13/11)- Southridge Minerals, Inc. (Pinksheets: SRGE.PK - News) ("Southridge" or the "Company") is pleased to announce the appointment of Mr. Juan Renteria Gutierrez, Ing. and Director, to the Mill Assessment Committee (MAC). Mr. Renteria Gutierrez is currently finalizing an assessment report for the Cinco Minas Mill Production Plan (MPP). The Mill Assessment Committee is responsible for acting upon the assessment report's recommendations and implementing the MPP.

Southridge Minerals announced on Sept. 6, 2011 their intention to initiate operations of the 60-ton/day mill processing facility at Cinco Minas. The current plan timeline for the Company is to begin production at Cinco Minas during the first quarter of 2012. Cinco Minas is a past producing gold and silver mine in the Jalisco State of Mexico.

Southridge is also currently completing negotiations with a number of local mining companies to secure high-grade gold and silver ore for processing at the new Cinco Minas Mill. The Company intends to use ore from mines in close proximity to Cinco Minas to supplement production at the processing facility. Additionally, the Company will be processing its own ore through the mill from its 71,734 tonne stockpile onsite with an average grade of 1.66 g/t Au (gold) and 203 g/t Ag (silver), estimated by the Guadalajara, Mexico office of the international consulting firm to the mining industry of Behre Dolbear.

 

Cinco Minas Tonnage and Grade Estimate by Behre Dolbear

STOCKPILE               TONNES         AU g/t         AG g/t

Las Amarillas           21,557           2.43            282
Magdalena                8,158           0.72            108
El Kilo                  1,956           1.21            134
El Troce                17,643           0.51            119
San Pedro                3,550           3.37            383
El Abra                    907           4.36            186
El Abra (Tumbe)            432           6.19            247
Destajos                 7,653           3.01            313
La Abrita                9,878           0.77            120
TOTAL                   71,734           1.66            203

Southridge President Michael Davies commented, "The professionalism, experience and diligence possessed by Mr. Renteria Gutierrez will ensure the successful implementation of our mill production plan and launch Southridge into its production phase. We are very pleased to have such high caliber management involved in this project to drive the operations. This element will allow our corporate management to focus its attention more exclusively on financing and joint ventures, as well as the improvement of our capital structure and share price going forward."

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:

Facebook: (http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466)

Twitter: (http://twitter.com/SouthridgeSRGE)

YouTube Cinco Minas Mexico Project:
(http://youtu.be/R6P8oght4Ik)
(http://youtu.be/o2LfLaSu8ww)

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1763900

Contact:

Michael Davies
President
Tel. (214) 699-6255
Email: Email Contact
http://www.southridgeminerals.com

Southridge Signs Letter of Intent to Acquire Los Compadres Gold and Silver Property

DALLAS, TX--(Marketwire - 04/16/11) - Southridge Enterprises Inc. (Pinksheets:SRGE - News) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary has signed a binding letter of intent to acquire 80% of the Los Compadres ("Compadre") Gold and Silver property located in the highly prospective area of Santa Maria del Oro in Nayarit, Mexico. A definitive agreement is expected to be signed by May 15, 2011 following a due diligence period.The Compadre property covers 3,900 hectares. Results from previous sampling vary from 176 to 1,825 grams of silver (Ag) per ton and 2.13 to 20.94 grams of gold (Au) per ton. Mineralization is observed throughout an isolated area that ranges over distance of over 4 km in a horizontal direction that goes from 800m in the El Liso zone up to 1600m in Las Olas area.The property is located in the Municipality of Santa Maria del Oro, southeast in the state of Nayarit. The Los Compadres area is located one kilometer north of the town of Santa Maria del Oro and around 35 km southeast of the city of Tepic. Access is by paved road starting from the city of Guadalajara, Jalisco towards the city of Tepic, Nayarit until the exit to Santa Maria del Oro (approx. 180 km).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:

Facebook (http://www.facebook.com/pages/Southridge-Minerals-Inc/163457600376466)

Twitter (http://twitter.com/SouthridgeSRGE)

YouTube Cinco Minas Project (http://www.youtube.com/watch?v=C03I_ojnRFM)

About Southridge Minerals, Inc. (Pinksheets:SRGE - News)
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

Southridge Provides Investor Update

DALLAS, TX--(Marketwire - 04/12/11) - Southridge Enterprises Inc. (Pinksheets:SRGE - News) ("Southridge" or the "Company") is pleased to announce today that it has initiated the process of submitting its application for the OTC Disclosure and News Service on OTC Markets. Mr. Michael Davies, President of the Company said, "We are pleased to announce that we will be submitting our application for the OTC Disclosure and News Service on the OTC Markets no later than April 25, 2011. We have completed our Financial Statements for FY 2009 and FY 2010 and our Disclosure Statement for Filing on www.OTCMarkets.com website and expect to have our listing status moved to 'Current Information' by May 1, 2011."The steps taken by Southridge to upgrade the OTC Markets status will provide shareholders with complete transparency on all information regarding Company's business and financial conditions. OTC Markets Inc. is a privately owned company based in New York that provides a suite of products and services for the U.S. OTC securities market. The company operates electronic quotations, trading, messaging, and information platforms.

Contact:

Michael Davies
President
Tel. (214) 699-6255
Email: info@southridgeminerals.com
http://www.southridgeminerals.com

Southridge Minerals Signs Definitive Agreement and Acquires Major Mexican Gold Properties

DALLAS, TX--(Marketwire - 12/10/10) - Southridge Enterprises Inc. (Pinksheets:SRGE - News) ("Southridge" or the "Company") is pleased to announce today that Southridge Minerals, Inc., its wholly owned subsidiary, announces today it has signed a definitive agreement to acquire a 100% interest in the Cinco Minas and and Gran Cabrera Gold properties in Mexico. The Purchase Price for the assets comprising the mineral concessions "Gran Cabrera" shall be $2,500,000. The Purchase Price for the assets comprising the mineral concessions "Cinco Minas" shall be $5,000,000.The Cinco Minas site covers roughly 10,750 hectares and is located approximately 100 kilometres northwest of the City of Guadalajara. The Gran Cabrera site covers roughly 4,300 hectares and is located approximately 35 kilometres northwest of Cinco Minas. Both sites are on strike to a major regional left lateral fault system that hosts many historical areas such as the old Santo Domingo mine site, currently the subject of extensive exploration drilling by Stroud Resources Ltd., which is midway between the two historical sites.Cinco Minas property was mined between 1922 and 1928 and reported 1,083,000 tonnes of ore averaging 3.17 g/t gold and 476 g/t silver. This equates to 97,364 oz. of gold (2,760 kilograms) and 15,095,915 oz. of silver (427,954 kilograms). The Cinco Minas and Gran Cabrera properties both host epithermal systems with adularia-sericite type quartz veins with gold-silver mineralization. The main zone system at Cinco Minas has an identified strike length of approximately 5 kilometres with additional parallel to sub-parallel veins. Past mining has produced several bonanza grade veins with high gold credits. These types of structures have also been reported in the recent exploration drilling at Cinco Minas.In 2004 a resource estimate was prepared on the Cinco minas property that was based on work by independent consulting firm of Behre Dolbear de Mexico (www.dolbear.com). This estimate was based on the drilling, trenching and field exploration since 2003. Based on their examinations and calculations they reported the following:

An indicated resource of 2.27 million tonnes of 171.9 gram silver containing 12.5 million oz. of silver and 1.22 gram gold containing 89,100 of gold

An inferred resource of 400,000 tonnes of 137.9 gram silver containing 1.8 million oz. silver and 1.07 gram gold containing 13,800 oz. of gold.

The Cinco Minas vein systems are classic epithermal precious metal deposits with brecciated ore hosts flooded with quartz/sulphide pulses. The mineralization is varied along strike but generally is represented with argentite, miargyrite, native silver, gold, sphalerite, and galena. Literature and recent drilling supports that additional sources of very high-grade mineralization should be encountered along strike. The historical reports indicate that bonanza grades of silver with gold were encountered randomly during the development of both mine sites. The geology supports that potential as volcanic hosted massive sulphides are commonly concentrated and enriched when proximal to major fault systems.

INFRASTRUCTURE

The Hostotipaquillo regional infrastructure is moderately sophisticated. The town of Magdalena is roughly 20 kilometres south of Cinco Minas and Tequila is another 20 kilometres southeast of Magdalena. These will be the two primary sources for material for the project. Tequila has a population of some 50,000 persons while Magdalena is roughly 25,000. The two towns have a corresponding ability to provide supplies and manpower to the project both short and long term. Whatever cannot be obtained in Tequila will have to come from Guadalajara, which is a further 80 kilometres southeast. Guadalajara is the capital of the state of Jalisco, and a custom steel centre with an estimated population of 6.3 million people in 2008.All three towns are linked with a good highway system. Modern trucking systems should be able to deliver any required bulk materials, steel, and plant equipment. The infrastructure is suitable for immediate mill tests on site with the installation of new equipment. Water storage around the pad system and other mill facilities can easily be controlled by well-engineered containment facilities. The 200 metre drop from the old mine to the old mill, town and proposed leach pad site provides for an excellent material flow for ore and water.The local population of Cinco Minas is roughly 300 persons. From that group the initial work force has been established. As the project expands, training in mine related jobs, safety and other worker skills can be undertaken. However, at the outset, additional workers will be required to provide technical expertise on site. Housing for those workers will be established by the construction of a camp situation that can be controlled with respect to services, security, and expansion.There are no extraordinary infrastructure costs or hurdles as roads, power and water are all present onsite the Cinco Minas property. The remnants of the old mill site could be quickly refitted as the land package includes the historical Cinco Minas mine and 60 Tonne mill.

HISTORY

The Hostotipaquillo region is steeped in a rich mining history. The original mines were small adit enterprises begun in the 1530s by the conquering Spanish, looking for high-grade silver and gold. Sporadic workings were developed where easily hand-cobbed high-grade ore could be obtained. Where large deposits of ore could be worked, the communities would develop around them to support the mine. This model of development is not much different in today's mine industry.In many cases old workings were abandoned simply because they were too remote to continue operations or the ore began to run into silicified materials. In the vicinity of Hostotipaquillo, ore was discovered in 1605 and several mines were developed. The town soon became the administrative centre for the region and later the Municipal capital. However in the Gran Cabrera region, 10-20 kilometres northwest of the town, mining had already begun and many operations were developed. The rugged terrain made working these properties difficult and would qualify as models of excellence in mine development in rugged conditions. In examining the ruins of the Monte de El Favor and Gran Cabrera mine camps, the sheer magnitude of the regional historical development is simply amazing. While the environment has overtaken many of the roads, rail and cable footprints, the evidence still exists. The degree of adit and shaft development done in the individual mines is remarkable.While mining was growing in the Cabrera area, it was also advancing to the east towards and into Cinco Minas. In the early 1900s, a series of independent mine operations became the critical mass for the development of the town of Cinco Minas. Power was brought into the area and extensive mill operations were established. It became the local mine centre for the area and the reported 10,000 person camp resulted. The Cinco Minas deposit was developed to its peak by Marcus Daly with the Cinco Minas Mining Company. He transformed the random mining operation into a 500 tonne per day producer by 1922.

Cinco Minas and and Gran Cabrera Work Program

Over the next several weeks, Southridge is planning to review all the historical information, resample some of the drill core from previous operators. We also plan to digitize the drilling and underground data to confirm the historical estimated tonnages and to confirm the known drill targets. It is expected that the next surface drill program should be underway in Q1 2011.For Cinco Minas and and Gran Cabrera Youtube video visit: http://www.youtube.com/watch?v=C03I_ojnRFMFor further information on the Company's Gold and Silver projects, visit our website, www.southridgeminerals.com.

About Southridge Minerals Inc. (Pinksheets:SRGE - News)
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:

For further information please contact:
Investor Relations
Tel. (877) 712-2144
Email: ir@southridgeminerals.com
http://www.southridgeminerals.com