Southridge Enterprises Inc (SRGE)

[daytradervan]

Wall Street News Alert for 6/20/12
Breaking News
SRGE Announces $3.5 Million Financing
Southridge Enterprises Inc. (SRGE.PK) announced on June 19th, 2012 that it has secured a $3.5 million convertible debenture with Duvernoi Capital Investments Inc. The funds will be used to further a number of gold and silver mining projects along the Sierra Madre Gold Belt in Mexico. Most notably, SRGE recently announced that it had finalized an agreement to purchase the El Horconcito Gold Mine in Durango, Mexico.

In WSIN opinion, the financing is the latest major development for SRGE and it establishes a solid financial foundation for the company to continue to carry out their strategic plan along Mexico's legendary Sierra Madre Gold Belt.

WSIN recommends investors keep an eye on the latest developments of SRGE, as this aggressive growth oriented mining company continues to move forward and execute their strategy.

Read Full Release Here;
http://wallstreetinvestornews.com/southridge-minerals-secures-3500000-financing/

Last week, SRGE announced they had finalized an agreement to acquire the El Horconcito Mine in the San Dimas Mining District. El Horconcito is located in close proximity to Prospero Mining's San Dimas Mine. SRGE has been aggressively expanding their property footprint along the Sierra Madre Gold Belt, and the San Dimas Mining district is a known Ag (silver) - Au (gold) epithermal mineralization system.

Prospero's San Dimas Mine has Proven & Probable reserves of over 500,000 oz. gold, and 31.8 million oz. silver, and last year produced over 100,000 oz. of gold equivalent. With gold trading in excess of $1600 an oz., at todays prices the production in 2011 at San Dimas Mine would be valued at over $160,000,000.

In addition to El Horconcito, SRGE has a 100% interest in their flagship properties, Cinco Minas and the Gran Cabrera, located in Jalisco, Mexico. Cinco Minas currently has a mineral resource of 235,000 oz. Au, and 23.3 million oz. Ag., with only 20% of the known vein system having been tested. A past producer, Cinco Minas is home to a 60 ton per day ore processing mill. Gran Cabrera is another gold-silver property that is also a past producer. To date, over 22 adits from previous artisan mines have been identifed at Gran Cabrera.

The addition of El Horconcito to their expanding portfolio of Sierra Madre Gold Belt properties is a major step forward in meeting the company's stated goal of being a mid-tier gold-silver producer in Mexico.

Additionally, Mathers Research has initiated research coverage of Southridge, with a near term price target of $0.20 cents per share. The Mathers Research report is available on the Mathers Research Website @ http://mathersresearch.com/srge-report

There are thousands of mining exploration companies trading on the market, but very few have a world-class mining asset and are located in a politically stable region of the world. Southridge Minerals (SRGE.PK) and their Cinco Minas property in Mexico should be on the radar of investors looking for exposure to the booming precious metals market.
• Cinco Minas is a past producing mine, with a long history of gold and silver production that dates back to the 1500's. In the early 20th century, Cinco Minas was host to a 500 ton per day (tpd) mining operation that saw the production of over 15 million oz. of silver. In recent years, Cinco Minas saw limited production runs through a modern 60 tpd mill located on site.
• Focus at the property in recent years has been on exploration efforts and proving up the mineral resource. Cinco Minas has a mineral reserve of over 23 million ounces of silver, and 257,000 ounces of gold with only 20% of the known vein system tested.
• SRGE recently announced plans to expand exploration efforts to being testing the unexplored portion of the known vein system in an effort to increase the current mineral resource at Cinco Minas. There are several
• SRGE announced on January 7th, that they entered into a Letter of Intent with a third party to fund the capital expenditure needed to put the Cinco Minas 60 ton per day Mill back into operation.
• Both Gold and Silver are trading well above historical prie levels, with gold trading over US$1600 per oz. and Silver over US$30 per oz.
• Mexico is considered one of the best places in the world to conduct mining operations, with a politically stable environment that has a favorable view towards mining initiatives. SRGE has worked hard with the local community at Cinco Minas to build a cooperative and inclusive relationship.
• On Jan 23rd, SRGE announced that Mathers Research had initiated coverage of Southridge Minerals with a buy recommendation.
Gold and Silver is trading well above historical price levels. Savvy investors looking for exposure to precious metals should keep SRGE on their radar screen.
Remember this... Just as you are finishing reading this email, so are thousands of other investors.