Southridge Enterprises Inc (SRGE)

[BeamMeUpScotty]

TUMI Resources Report - Note how easy they say further development will be

This is a PDF so can't be altered!!!

http://www.tumiresources.com/report0902/CMreport.pdf


The only reason Tumi relinquished their involvement in the project was because they could only have 60% of the project.


"Minimal work will allow access to the developed crosscuts on the upper four levels of the mine and allow systematic channel sampling of the vein.

This program will be followed by infill diamond drilling.

Four independent mining consultants to Minera San Jorge undertook sampling programs from surface and accessible underground workings and reviewed and reported on their findings.

Cuellar, 1999, reported resources in the mine area of 5.07 million tonnes at 1.24 grams per tonne gold and 120 grams per tonne silver.

As only 18 per cent of the known vein system was sampled, the independent consultants stated that the geological potential of the area is estimated to be 500,000 ounces gold and 52 million ounces silver if only 5 per cent of the untested area contains mineralization.

Of other exploration significance is the prospect named Cerro Colorado, located along the vein about 1,200 metres from the mine workings.

Here, surface sampling of 750 metres of bold, outcropping vein shows an average of 11.75 metres grading 1.57 grams per tonne gold and 96 grams per tonne silver and is an immediate drill target for additional resources.

As surface outcrops show evidence of leaching, these sample results may be conservative.

Minimal historic work has been undertaken in the Cerro Colorado area and no drill holes are recorded.

As well, the El Abrita prospect, lying between the Cinco Minas mine area and Cerro Colorado, remains completely untested by modern exploration methods.

On the surface this seems comparable to BAY. But I got to crunch the numbers further yet. All the usual cautions and disclaimers apply. regards BAM"