Southridge Minerals announces delivery of a Third drill rig at the Gran Cabrera Gold & Silver Mining Properties in Mexico

Oct 22, 2012, 11:06 ET from Southridge Enterprises Inc.

DALLAS, Oct. 22, 2012 /PRNewswire/ -- Southridge Enterprises Inc. (Pink Sheets: SRGE) ("Southridge" or the "Company") is pleased to announce the arrival and commencement of drilling by the third drill rig at the Company's Gran Cabrera Gold & Silver Mining Properties in Mexico.

To date there are now three drill rigs working on the Gran Cabrera site.

The aggressive 2012-2013 diamond drill program began September 3, 2012 and calls for 50,000 meters of diamond drilling. The first drill rig is testing Los Espinoles #3, where three drill holes were completed to a depth of 205 meters, 182 meters and 193 meters. A total of eighty core samples were cut and are being shipped to the ALS Labs at Guadalajara, Jalisco, Mexico.

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About Southridge Minerals, Inc. (SRGE)

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 Enterprises Inc. Investor Relations Tel. (214) 699-6255 Email:  

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