Las Vegas, NV -- (SBWIRE) -- 02/20/2013 -- SWINGPLANE VENTURES (OTC:SWVI) has recently released an update about the Algarrobo property.
Swingplane Ventures hasn’t received license yet for selling “Direct shipping ore”. Due to the reason the company is producing limited ore, but the license is expected to be issued within one month.
Once the Swingplane Ventures will receive the license, it would be able to maximize is operation at Algarrobo property and can make supplies to government smelters and other processing sites.
Swingplane Ventures’ new Algarrobo property is riched with copper in the form of Iron Oxide copper Gold and is located in Copiapo, Chile.
Swingplane has already started extraction at the site. The ore extracted is being divided into two. The low grade copper (with less than 5% of Copper content) is being piled for selling as leachable ore. On the other hand "Direct Shipping Ore" (with more than 9% of Copper content) is directly shipped to ENAMI.
To know what AwesomePennyStocker projects for Swingplane Ventures for both long term and short term, please click here: SWVI
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