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May 17, 2010 (FinancialWire) — Southwest Resources, Inc. (OTC: SWRS) said 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.

According to Southwest Resources, the 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 Ralph Goble in the early 1980s. Goble was an inventor of a range of technologies spanning from the World War II era until his death in the early 1990s.

He 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.

Texas-based Southwest Resources 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.  

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