Replies to post #63319 on Southridge Enterprises Inc (SRGE)

[Lone Ranger 2]

Looking mmdd extract six gold and silver from Jalisco
23/04/2007 • PRINTED BUSINESS
Rising mineral prices determined reopening.


Photo of Abraham Perez
THE OPERATION EMPLOYS 100 PEOPLE EACH DAY 70 TONS OF SOIL REMOVED.

After almost 70 years of inactivity, the explosions again barrenazos cimbran bald hills Hostotipaquillo Township in search of gold and silver veins. This is specified by the twelve years of exploration work of these metals by Mexican and Canadian business, which again have begun to extract these precious minerals that are in the vicinity of the town of Cinco Minas, a community of rich deposits in the mountains of western Jalisco.

The attorney general corporate Cinco Minas, George Barrett Salazar, exudes optimism and makes its calculations. He explained that the deposits of the grant to them for their constituents is a business that is estimated to produce 55 million ounces of silver and 500,000 ounces of gold in 30 years (each ounce equals 28.5 grams), or in less time if plans are realized.

Tentatively, this executive said that the business can fluctuate between four and six billion dollars in gross profits, which could be up to 200 million dollars a year. Also reported that the commencement of operations and generate 100 permanent jobs and earthwork is 70 tons daily, which aims to increase shortly to 300 tons. He stressed that the shot of metal prices was crucial to invest. To be an ounce of silver to 4.5 dollars currently worth thirteen U.S. dollars, while gold rose from 275 to 600 dollars.

He noted that the reopening of operations was the result of an investment of $ 7.5 million (with the Canadian partners of the firm Flag Gold) exploration tasks in a mining area that was already working at the beginning of last century, when it was investment the American businessman John Rockefeller and after a stop during the revolutionary period was dismantled around 1930. It was for a series of adventures, as step by Jalisco labor movement which was involved in the famous painter David Alfaro Siqueiros union leader, who in several mines of the entity engaged in heavy fighting that brought the suspension of several projects then current .

Barret, a geologist with extensive experience in enterprise projects Peñoles (half Mexican mining leader), said that the granting of Cinco Minas Group spans 44 000 hectares on a stretch of over 40 miles long by ten wide, and currently has a promising scenario for the launch of the international metal prices.

Besides mines near Cinco Minas, other important fields in the region are the ejido Monte del Favor (twice the previous metalliferous reservations), and the veins of Cabrera, marquetas, The Wish, Peralta, The Dura and Sword, among others, totaling 25 mines that aims to revive in the region adjacent to other mining regions such as San Pedro Analco and towns in Nayarit.

The interviewee noted that these mines have a high concentration of precious metals, as in the Cinco Minas vein and Monte del Favor, which refers to a history of mining boom, despite the technological limitations of the time, because once the transport minerals was workhorses.

The wages paid by this company range from 100 pesos a day for a worker line, up to 16 thousand dollars a month or more from qualified technicians. Indeed, specialized staff has started activities in Cinco Minas is Guanajuato.

Petitions for municipal development

? The Secretary for Economic Development of Jalisco, Guillermo Martínez Mora, in his message yesterday visit to the site of five mines silver and gold, said mining investments should be reason to induce the development of mining regions, which should include more works and actions in education, health and economic development opportunities.

Immediately there were responses from two mayors involved: the Hostotipaquillo, Hugo Moreno Miramontes, and Magdalena, Gonzalo Banuelos Riestra. The second he noted that mining investment Cinco Minas apparently bring more benefits for employment in the region compared to the hydroelectric project that promotes Yesca Federal Electricity Commission, which has given priority when in their seats people from other regions.

The mayor also magdalenense waits for renewed support for mining opals, a semiprecious stone that involves at least 80 miners in the region.

Meanwhile, Miramontes Moreno stressed that the region requires stimulus for the agricultural sector, as schemes that encourage the export of calves to the U.S. (since this region is free of the disease brucellosis and bovine tuberculosis) and peanut production , especially since the product of China has hurt the crop with deep roots in their municipality.

[Lone Ranger 2]

A newspaper story from 2007 when the mill at Cinco Minas first opened.
http://www.milenio.com/cdb/doc/impreso/7050910
If there was a mill expansion under construction it would be big news.
No story....no mill expansion. Just more lies from SRGE.