Southridge Enterprises, a U.S.-based mineral exploration company, declared that it has ramped up its reconnaissance program to target 80% of the unexplored section of the vein system at the Cinco Minas mine.
At present, the Cinco Minas mine has a mineral resource of 235,000 oz. gold and 23.33 M oz. silver. Earlier exploration program at this mine has analyzed just 20% of the known vein system. The latest exploration campaign will study the remaining 80% of the vein system. On this historical producing mine, extensive exploration and production has been carried out. Southridge Minerals intends to extend the existing mineral resource at Cinco Minas mine.
Southridge Enterprises’ President and Chief Executive Officer, Michael Davies informed that the company is focusing on certain targets at the Cinco Minas mine, and earlier operations on this property have revealed a number of prospective targets of more mineralized zones. Davies added that the recently announced program will assess important regions of these targets and will take the relevant samples for assay.
On a different note, Mathers Research has started research coverage on Southridge Enterprises.
Southridge Minerals strives to purchase and develop mineral resources in politically stable and geologically permissible regions across the globe. The firm has a sound knowledge on geological settings related to known gold deposits. This expertise along with a precise mineral and geographical focus will promote good revenue growth in shareholders' investments. The company develops projects that are of interest to both medium and major producers. It collaborates with other partners on individual projects to develop its interests in mines and thus build value through consistent exploration activities. The company is presently focusing on Mexican projects.
Source: http://www.southridgeminerals.com