Las Vegas, NV -- (SBWIRE) -- 02/04/2013 -- SWINGPLANE VENTURES (OTC:SWVI) has released updates on its Algarrobo property which is rich in Iron Oxide- Copper and Gold. The respective property is located almost 850 km north of Santiago in the III region, Chanaral Chile. Algarrobo property is reported to have 32 tenures spread over area of 15,224 acres.
Swingplane Ventures Inc has successfully collected few samples which show high proportion of Brochanite consisting of 70 percent of copper content. Moreover it is also reported that one of the samples was of high grade mineralized material having visible gold development in fracture surfaces.
The share price has gained more than 2 percent in today’s session to $0.399. Investors also seems upbeat about the stock as almost 5.80 million shares have traded so far while on average the stock price trades with volume of 6.27 million shares per day.
To find out what OTCMAGIC projects for The Swingplane Ventures Inc for both short term and long term please click here: SWVI
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