LAS VEGAS, Jan. 22, 2013 /PRNewswire/ -- Texas Wyoming Drilling, Inc., (OTC: TWDL) a US-based exploration mining company announces today that the company is working with an industrial Engineer that is designing a state of the art piece of Mining Equipment. TWDL will hold the license rights for this Green Recovery mining technology, the Patent for which is pending in the US and Canada.
"Once the patents are approved Texas Wyoming, Inc. will begin manufacturing," stated Dr. Robert J. Michet, President & CEO of TWDL, who went on to say, "More than ever, the concepts of Green mining, responsible mining and sustainable mining need to be advocated and practiced. The design for the first non-chemical, ECO-friendly machine will be able to process approx. 10 tons of material per hour. We expect the equipment to be able to increase production over a period of time. We will change the mining methods around the world. This equipment is capable to extract all rare earths and precious metals. We are excited about this new technology and we will start utilizing our first unit at the Yellow Jacket."
With the effects of the degradation of environment being felt worldwide, extreme attention is beingpaid to precious metal mining operations. Traditionally these operations use toxic chemicals including Mercury and Cyanide. Mining companies worldwide are under increasing pressure to Green their operations. " TWDL" sees an opportunity to develop a worldwide market utilizing our license rights.
Dr. Robert J. Michet noted, "Texas Wyoming Drilling, Inc., finds itself , along with our shareholders in a very unique position. Having the opportunity to assist in the development of such a great product that will have international demand and with our ability to place this Green technologically advanced piece of equipment, ( along with Legacy Rock's full inventory of mining equipment, that is already in place) to Operate in a real working mining environment should prove to be very prosperous."
In addition; TWDL would like to inform its shareholders that the company is still on target and expects to become fully reporting by the end of this first quarter 2013. We are working toward reaching our goal of building our own refinery at the Logandale facility to process precious metals. The ability to utilize this refinery will greatly reduce our operating cost; therefore it is a priority for the company to finalize This project as soon as it is feasible to do so.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Texas Wyoming, Inc. and members of its management as well as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
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SOURCE Texas Wyoming Drilling Inc.