SANTIAGO, Chile, March 13, 2013 /PRNewswire/ -- Swingplane Ventures, Inc. (OTC-BB: SWVI) (the "Company" or "Swingplane") is pleased to update information pertaining to the Algarrobo property.
The Company's consulting geologist Rick Walker is on site at the Algarrobo Property (the "Property") located approximately 850 km north of Santiago, in the III Region, Province of Copiapo, Chile. The Property consists of 32 tenures, comprising a total of 6,161 ha (15,224 acres).
The purpose of the site visit is to collect soil samples which will be used to conduct metallurgical studies to assist with the further interpretation of the Property. The Company intends to have samples collected from several different areas on the Property sent to two independent test facilities for testing of various metals and valuable minerals which may be on the Property. After the conclusion of these studies, the results will be used to develop strategic production plans which will focus on the metals and/or minerals that are financially feasible to create a self-sustaining cash flow from the products and by-products.
In the past few weeks there has been continued exploration on Veta Gruesa vein, which is only one of the main veins running northeast to southwest on the Property. Mr. Gunter Stromberger, our Field Supervisor, and the Optionor of the Property, has been exploring existing drifts and developing additional drifts for production. We expect to have a progress report from Mr. Walker in the next week in regard to the exploration being undertaken by Mr. Stromberger as well as a report from Mr. Walker as to his progress with sampling on the Property.
Other geological methods will be utilized over the next few months, such as the acquisition of magnetic satellite imagery and historical mapping. The timing of these items will be up to our Chief Exploration Geologist, Rick Walker.
Carlos De La Torre
President and Director
For more information please visit our web site at:
Investor relations: 1-800-253-1692
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SOURCE Swingplane Ventures, Inc.