Southridge Enterprises Inc (SRGE)

[I-Glow]

More problems with SRGE Press Releases (Why can't SRGE ever do things the right way???) On Sep 19, 2012 they issued a press release about a Bonanza grade intercept:

Assay results from the first six drill holes at Cinco Minas have indicated bonanza-grade silver with an average of 648 g/t (Ag) and high-grade gold of 268 g/t (Au)

As usual with SRGE there is mystery involved.

When a company’s drill results are presented to the public through news releases, the tables which contain the results from each intercept are presented in the press release. There are several pieces of information included: the depth (beneath the surface) at which the intercept was encountered, the thickness (or width) of the layer, and the concentrations of various minerals which are discovered during analysis of the results.

But, SRGE just states they have found the highest grade ore ever found in Mexico (what a joke) and just gives a number (high-grade gold of 268 g/t) which is unacceptable to the sophisticated investor. Where are the assay results - SRGE manages to have a press release every-time they have a imaginary meeting - how about something of substance???

Here are a couple of screenshots from a search of gold mining company press releases about intercepts. You will see a big difference in how a real company does press releases:





Just SRGE being SRGE!!!

IG