This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Swingplane Ventures, Inc.: Additional Development On The Algarrobo Property

SANTIAGO, Chile, March 28, 2013 /PRNewswire/ -- Swingplane Ventures, Inc. (OTC-BB: SWVI) (the "Company" or "Swingplane") is pleased to update information pertaining to the Algarrobo Property.

Swingplane Ventures, Inc.'s (the "Company") Algarrobo Property (the "Property") is an Iron Oxide-Copper-Gold (IOCG) property located approximately 850 km north of Santiago, in the III Region, Province of Copiapo, Chile.  The city of Copiapo is located approximately 43 km to the southeast of the Property, with the small port city of Caldera 25 km to the east.  The Property consists of 32 tenures, comprising a total of 6,161 ha (15,224 acres).

Since December, 2012, the Optionor has undertaken a considerable amount of work to further develop existing drifts reported previously (see News Release dated January 30, 2013).  In addition, work has been undertaken to develop a new drift, the Maribel Drift, together with initial work to expose a mineralized vein for subsequent development, the proposed Angela Drift.  Finally, a large open cut has been developed on the Descubridora I and II exposures to extract high grade, near surface material exposed in bedrock immediately underlying eolian sand cover.

At the current time, a total of approximately 734 m of underground development has been completed, as follows: Veta Gruesa Centre workings – 336.5 m; V CAMP workings ("Exploration" Drift) – 191 m; Descubridora; Open cut over approximate vertical exposure of 21 m, 41 m drift; False Estaca – 77 m and Veta Gruesa East – 89 m.  Development on these workings will be reported in separate, subsequent News Releases.

In addition to the above, initial work has been completed to expose a front below and on strike with a well-developed, strongly oxidized, copper mineralized vein exposed 16 m above and 38 m to the east.  The vein exposed along the road cut comprises an oxidized, leached zones approximately 2.8 m thick, having a 60 cm thick, strongly to completely oxidized, iron-oxide core.  Strong azurite staining, with associated development of copper wad (cuprian manganese oxide), is evident over approximately 1.2 m above the base of the exposure.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs