Southwest Resources Announces Strategic Plan to Streamline Mining Operations
Southwest Resources Announces Strategic Plan to Streamline Mining Operations
May 17, 2010 (PR Newswire) --
DALLAS, May 17 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today announced its strategic plan to utilize its proprietary technology to dramatically streamline the mining process for refinement of precious metals from its mining operations. The realized efficiencies will likely result in greater profitability when compared to similar mining operations.
The technology, named the "Goble Mill", was designed and patented by the Company's CEO, Roger Hall, and Mr. Ralph Goble in 1986. The cyclone mill is uniquely valuable in terms of its speed, portability, and efficiency in streamlining the process for refinement of precious metals when found in trace quantities. The mill is designed to pulverize materials by creating internal high-speed air rotations, which cause intense material-on-material collisions. This effect allows free metal particles to be freed from the ore material for subsequent recovery by a separate process. Due to its design, the mill effectively removes a step in the refinement process in that it provides on-site ore reduction, which allows for more efficient separation and extraction of precious metals.
More information regarding Ralph Goble may be found on the Company's newly redesigned website: www.southwest-resources.com.
"Like most of Mr. Goble's inventions, this mill was truly ahead of its time, and the marketplace just wasn't ready for it," says Roger Hall, CEO of Southwest Resources. "At the time of its development, the adverse market conditions for precious metals didn't allow us to maximize the opportunity. It's gratifying to now be able to deploy the technology in a more favorable and receptive marketplace which will greatly enhance the vertical integration of our operations."
The company plans to rapidly deploy the Goble Mill at its mining locations including the recently acquired mining operations in Southern Arizona. Although Southwest Resources has not yet utilized this technology as part of any mining operations to date, the Company anticipates the proprietary mill technology will reduce on-site costs and increase the return on its mining assets.
More information regarding the Company's technologies and assets may be found on the Company's website www.southwest-resources.com
About Southwest Resources, Inc.
Southwest Resources, Inc. is an energy and mining company engaged in the acquisition, development, exploration and production of natural gas, crude oil, placer deposits of precious metals such as gold and platinum, and other income-producing natural resources. The Company is currently pursuing oil and gas properties in Texas, Oklahoma, New Mexico and Arizona and has mining rights in Utah. For more information, please visit the Company's website: www.southwest-resources.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the "safe harbor" provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company's anticipated results, projections, or other expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
