Southwest Resources Acquires Mill Technology for Mining Process
DALLAS, May 14 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today announced that its wholly owned subsidiary, Southwest Mining & Metals, LLC, has executed an asset purchase agreement to acquire certain technology and intellectual property rights for the extraction of precious metals from rocky ores.
The technology, named the "Goble Mill", is a reduction mill specifically 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.
The mill was designed and patented by the Company's CEO, Roger Hall, and Mr. Ralph Goble in the early 1980s. Mr. Goble was an accomplished inventor of a multitude of technologies spanning from the World War II era until his death in the early 1990s. He successfully filed and received numerous patents in his lifetime, beginning with the development of two-way radios for secure communications delivered to China by the United States during World War II. During this time, Mr. Goble developed a multitude of aviation technology, mostly pertaining to avionics, for which he subsequently received numerous patents. He later worked at Los Alamos, New Mexico with several leading scientists with which he consulted for atomic bomb technologies. Mr. Goble also developed extensive acoustics technology for the oil and gas industry. He had numerous patented innovations relating to oil well survey and oil well production instruments, many of which were developed while serving for ten years as chief engineer for the Eastman Oil Well Survey Company. It was in the later years of his life that he focused on ways to efficiently extract precious metals from various ores, and subsequently developed and patented his pulverizing reduction mill.
More information regarding Ralph Goble may be found through 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.
Investor Contact: |
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CSIR Group, LLC |
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Christine Petraglia |
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212-386-7082 |
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SOURCE Southwest Resources, Inc.
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