VIPR Industries Appoints Senior Geologist to Lead Gold and Uranium Exploration
August 04 2008 - 2:30AM
Marketwired
TORONTO, ONTARIO (FRANKFURT: VIN) ("VIPR") is pleased to
announce the appointment of geologist and geophysicist Mr. Jonas
Mwano as Chief Senior Geological Consultant. Mr. Mwano will apply
his extensive mineral exploration expertise and in-depth regional
knowledge to lead the exploration and development of VIPR's gold
and uranium properties in Tanzania.
Mr. Mwano brings to VIPR Industries deep knowledge of Tanzania's
geology and mineral resource potential. A Geologist and
Geophysicist with the Ministry of Energy and Minerals' Geological
Survey of Tanzania, he has extensive experience in regional
geological mapping and exploration particularly in Greenstone
belts, as well as airborne geophysical data acquisition and ground
geophysical exploration utilizing magnetometer, electromagnetic
(TEM), gravity and Induced Polarization (IP) surveying. Mr. Mwano
also contributed his expertise to the NDF Project conducted by the
Geological Survey of Tanzania and Geological Survey of Finland
(GTK) to identify priority areas with high mineral potential.
Mr. Mwano earned his Master of Science degree in Geophysics
(M.Sc.) and Bachelor of Science degree from Tanzania's University
of Dar es Salaam. He was awarded for his work on Integrated
Interpretation of Airborne Geophysical Data and Satellite Images
for Geological Mapping of the Kalenge Area, Biharamulo District,
North-Western, Tanzania.
Mike Gerstner, President and CEO of VIPR Industries Inc.,
commented: "We are pleased that Jonas Mwano has chosen to
contribute his considerable geological acumen and experience
exploring Tanzania's mineral resources for the benefit of VIPR
Industries. We believe his expertise will prove to be invaluable as
we explore our Singida Gold Property and Itigi Manyoni Uranium
Property and evaluate additional acquisitions in the area."
As announced last week, VIPR has completed the acquisition of
its Singida Gold Property located directly adjacent to and along
strike from Shanta Gold Limited's Singida Project where exploration
drilling has identified an indicated resource of 543,000 ounces of
gold valued at an estimated $500 million. VIPR has also closed the
acquisition of the Itigi Manyoni Uranium Property where airborne
radiometric surveys have identified uranium anomalies indicating
strong potential for significant uranium mineralization.
The Geological Survey of Tanzania reports that Tanzania has
significant potential for new discoveries as many commodities still
are highly under-explored. Tanzania features excellent geological
databases, good infrastructure, readily available exploration
services and an attractive mineral policy. (Geological Survey of
Tanzania, "Mineral Exploration in Tanzania", 2008)
About VIPR Industries Inc.
VIPR Industries Inc. is a precious metals exploration and
development company focused on Gold, Uranium, and other high
quality precious metal resources and reserves through mergers,
acquisitions and resource development.
Cautionary "Safe Harbor" Statement: Under the Private Securities
Litigation Reform Act of 1995. Some of the information included in
this press release and other documents by VIPR Industries Inc. (as
well as information included in statements made by its
representatives, about information about the business it is engaged
in or proposes to engage in or about acquisitions) may contain
forward looking statements. Such statements may refer to other
adjacent properties and company's and their announced / reported /
released estimates. Although VIPR is encouraged from its
property(s), there is no assurance that the same or similar
results, or mineralization will be found on VIPR's property(s).
Forward looking statements that do not relate strictly to
historical or current facts, often will be phrased in the future
tense and may include the words "may," "could," "should," "would,"
"believe," "expect," "anticipate," "estimate," "intend," "plan" or
other words or expressions of similar meaning. Forward looking
statements that relate to VIPR Industries Inc. ("VIPR") or its
present or proposed business are based on VIPR's current beliefs
and expectations about future events and include statements that
reflect management's beliefs, plans, objectives, goals,
expectations, anticipations and intentions with respect to VIPR's
financial condition, results of operations, future performance and
business, including statements relating to VIPR's business strategy
and VIPR Industries current and future development plans. Factors
that could cause actual results to differ materially from
projections include, among others, precious metals prices,
decisions and activities of the operator of the various properties,
unanticipated grade, geological, metallurgical, processing or other
problems the operator may encounter, changes in project parameters
as plans continue to be refined, economic and market conditions, as
well as other factors described elsewhere in this press release or
any other filings submitted by VIPR. In addition, acquired royalty
interests on certain projects are subject to risks associated with
conducting business in a foreign country, including application of
foreign laws to contract and other disputes, foreign environmental
laws and enforcement and uncertain political and economic
environments. Most of these factors are beyond the Company's
ability to predict or control. The Company disclaims any obligation
to update any forward-looking statement made herein. Readers are
cautioned not to put undue reliance on forward-looking
statements.
For more information please visit
(http://www.viprindustries.com).
Contacts: VIPR Industries Inc. Investor Relations (416) 644-8648
Email: info@viprindustries.com Website: www.viprindustries.com