VIPR Industries Inc. Receives Positive and Encouraging Data On Its Itigi Manyoni Uranium Prospecting Property
September 15 2008 - 8:00AM
Marketwired
VIPR Industries Inc. ("VIPR") (PINK SHEETS: VIPR)(FRANKFURT: VIN)
announces receipt of positive and encouraging data from its
Radiometric Airborne Survey on its Itigi Manyoni Uranium Propsect.
The Radiometric Airborne Survey was conducted by Geo Survey
International to classify radiometric anomalies on its Itigi
Manyoni Uranium Property located in Tanzania, which encompasses an
area of 170km and is bounded by four corners coordinates - A. Lat
05 50 ' 00 '', Longitudes 34 30 ''; B. Latitudes. 05 50 '' 00'',
Long 34 , 35 ' 00 '', C. Lat 06 00 ' 00 '' , Long 34 35' 00 '', D.
Lat 06 , 00' 00 '', Long 34 30' 00 ''.
The Radiometric Airborne Survey has displayed a total of 14
zones indexed in the QDS141 where the license is located. The
license area lies in zone 141/8. Of the 14 anomalies, 7 have been
designated as high priority. Uranium counts exceeding 25cps have
been classified as Uranium Point Source Anomalies. The radiometric
surveys are known in the industry, and proven to be a very
efficient, cost effective, and accurate way of determining
hotzones. It is the company's intention to follow up with the
necessary groundwork to further isolate and confirm the anomalies.
VIPR President and CEO, Mr. Mike Gerstner stated "We are pleased to
be moving forward on Itigi Manyoni as demand for Uranium is
expected to increase as the world's energy needs and concerns for
the environment continues to be a priority for many governments
around the globe". The company has highlighted and posted the data
and chart results on its website which can be accessed at the
following link http://www.viprindustries.com/.
About VIPR Industries Inc.
VIPR Industries Inc. is a precious metals exploration and
development company focused on Gold, Uranium, and other 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. Forward looking statements 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.
Contacts: VIPR Industries Inc. Investor Relations (416) 644-8648
Email: info@viprindustries.com Website: www.viprindustries.com