Southwest Resources Begins Process for Coring Operation Related to Arizona Mining Operation
DALLAS, July 29 /PRNewswire-FirstCall/ -- Southwest Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural resources exploration, production, and mining company, today announced that a notice for an "intent to drill" has been filed with the Bureau of Land Management as an initial step toward a coring operation at a placer mine located in southern Arizona.
The coring operation is part of the Company's due diligence process related to a joint venture transaction that, once closed, involves the formation of a joint venture to own and operate the placer mine located in southern Arizona.
The Company is performing the coring in order to validate the stated reserve values for the claim, and to determine the depths of various zones that might contain higher amounts of metal concentrations. The coring operation will involve the extraction of samples of materials within the mining claim at varying depths. As part of the operation, assays will be performed by a certified laboratory on several samples collected from various depths to determine the variety and concentrations of the metals that are present.
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.
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(866) 765-4939 |
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SOURCE Southwest Resources, Inc.
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