Las Vegas, NV -- (SBWIRE) -- 12/07/2012 -- Southridge Enterprises Inc. (PINK:SRGE) saw a meteoric rise in price in recent months from lows of triple zero to recent highs near $0.02 per share. Investors who got into SRGE early saw explosive gains.
There is little wonder for the meteoric rise of SRGE here; on Sept 05 SRGE announced that in fiscal 2012, they have processed over 9,000 tons of ore and recorded revenues of $3.14 Million in just its 4th Quarter Fiscal Year 2012 ending Aug 2012. For a sub penny stock this is truly spectacular – a little further digging and one begins to see the fantastic potential here!
SRGE recenty announced the completion of the drill program at Gran Cabrera property in Cinco Minas, Mexico. 37 holes totaling 3,246m have been completed at Gran Cabrera Mine and bringing the drill density to a higher level which is more suitable for a mineral resources estimation.
Assay results have been received for the first sixteen holes from Gran Cabrera and continue to give outstanding results.
Southridge Enterprises Inc is a mineral exploration company dedicated to acquiring and developing mineral resources in geologically permissible and politically stable areas of the world. SRGE seeks out early stage opportunities with good mineralization indicators that exhibit significant blue-sky potential.
SRGE 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.
Southridge Minerals has 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 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.
OTCMAGIC has recently published a new article on SRGE. To find out more about this stock and what OTCMAGIC projects for Southridge Minerals both short term and long term please go here: SRGE
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