Author: Josue Gomez

Trading in Southridge Enterprises Inc. (SRGE) was halted by the U.S. Securities Exchange Commission two days after the mining company said it was forming a partnership with Canada’s Kinross Gold Corp. (K) in Mexico.

Chesapeake Gold Corp. wishes to report on the current status of the pre-feasibility study on its 100% owned Metates project located in Durango State, Mexico. The Metates project is one of the largest undeveloped gold-silver projects in the Americas.

Starcore International Mines Ltd. announces that in 2013 it will focus on increasing shareholder value through exploration and development at its wholly-owned San Martin gold and silver mine in Queretaro, Mexico. In order to achieve this goal, Starcore has scheduled an enhanced exploration program to commence in February 2013, comprised of 5000 meters of drilling to unlock the potential at the San Martin gold-silver mine. To facilitate this objective for 2013, the Company has renegotiated its loan facility with Sprott Resource Lending Corp. whereby Starcore will not be required to make any further principal payments on its outstanding loan with Sprott Lending until October 31, 2013. The Company and Sprott Lending have amended the terms of the outstanding credit facility to allow Starcore the flexibility to make one balloon payment by October 31, 2013, thus enabling the Company to immediately allocate surplus revenue to exploration.

Kinross Gold Corporation would like to clarify a news release issued by Southridge Enterprises Inc. on December 26th, 2012 announcing a joint partnership between itself and Kinross relating to the Cinco Minas and Gran Cabrera properties in Mexico. The news release contained a number of statements regarding the value and status of the joint venture, and a quote from a Kinross employee.

Southridge Enterprises Inc. is excited to announce a new Joint Partner, Kinross, a Major listed Mining Company for its Cinco Minas and Gran Cabrera properties. Southridge’s joint partnership with Kinross, a major NYSE listed gold mining company, is valued at roughly $550,000,000 to $600,000,000. Due to numerous shareholder inquiries Southridge and its Board of Directors felt the need to update the market on its recent announcement named, “Southridge Announces Signed Agreement with Major NYSE Listed Mining Company on Cinco Minas and Gran Cabrera Gold & Silver Mines in Mexico.”