Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Swingplane Ventures, Inc. (OTC: SWVI) updates the information regarding the Algarrobo property and the Company.
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The Algarrobo property clearly displays all the characteristics of an Iron-Oxide-Copper-Gold (IOCG) deposit style, with copper, gold and iron as the principal metals, and accessory silver, cobalt, uranium and REE metals, typical for the Chilean Iron-belt.
The gold results that were discovered during past sampling ranged from 0.41 g/t Au to 5.80 g/t Au representing an average of 1.25 g/t. throughout the property. Visible Gold has been detected in the stockpiles and smelter grade shipments, averaging about 2 g/t. Individual samples from vein materials assayed up to 8 g/t gold.
The Algarrobo property is located approximately 850 km north of Santiago, in the III Region, Province of Copiapo, Chile approximately 43 km to the southeast of the Property, with the small port city of Caldera 25 km to the east consisting of 32 tenures, comprising a total of 6,161 ha (15,224 acres).
Nuvilex Inc (PINK:NVLX) today discussed the need of developing treatments for brain and pancreatic cancer that are based on cannabinoids from Cannabis sativa by its subsidiary, Medical Marijuana Inc(PINK:MJNA).
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Medical Marijuana Sciences, Inc is embracing the National Cancer Institute’s efforts searching worldwide for new anticancer drugs from various natural sources, including plants by using cannabinoids from Cannabis, such as cannabidiol, as the basis for developing treatments for deadly forms of cancer.
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Typically, plant-derived drugs are used alone or with other drugs in combination chemotherapy treatment regimens. Some of these drugs are targeted to the treatment of one or two forms of cancer, while others are used to treat several forms of the disease. Furthermore, these naturally-occurring drugs have inspired the production of derivatives that are also used for cancer treatment.
Nuvilex's COO, Dr. Gerald Crabtree stated "By using cannabinoids for the development of treatments for some of the deadliest forms of cancer, Medical Marijuana Sciences, Inc. is building upon the strong foundation of very important cancer drugs that have come from plants. Given the knowledge that has accumulated in the scientific literature over the past few years, we feel that cannabinoids represent an excellent opportunity for the development of such treatments."
Dr. Robert Ryan, President and CEO of Nuvilex commented, "We are excited by the prospect that Nuvilex, through its new subsidiary Medical Marijuana Sciences, can contribute to the already strong arsenal of plant-derived anticancer agents."
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