VIPR Industries Starts to Identify Additional Target Zones for Further Exploration on Its Singida-Londoni Property
April 23 2009 - 7:00AM
Marketwired
VIPR Industries Inc. (PINK SHEETS: VIPR) ("VIPR") announces that it
has started identifying target zones for further exploration on its
Singida-Londoni Gold property.
The company has been analyzing data previously received from its
Singida-Londoni Property which it now intends to advance at a more
rapid pace due to recent events regarding exploration financing.
VIPR has recently received small tranches of funding and is
expecting further more significant tranches to be put towards
additional exploration, details of which to be made shortly
available. The commencement of the next phase of exploration is
contingent upon various factors including the additional funding
and is to consist of; ground magnetic survey and geological
mapping, a minimum of 20 pits and 20 trenches on a 200m grid,
approximately 200 soil samples are expected to be collected on a
100m X 100m grid covering the whole tenement, and data processing
and interpretation. The soil survey is designed to tighten the
spacing of the soil grids to allow further definition of drill
targets and to explore new areas, as part of the Company's on-going
exploration program. The final report on the suggested target zones
are to be sent to its Chief Operating Officer and Chief Geologist,
Michael Sandidge, for review and input prior to any final
decisions.
JC Barbeck, President and CEO of VIPR commented, "We are eager
to further expand on positive data and focus on obtaining
additional affirmative results that can lead to a drilling program.
The area has been proven to be a positive asset for various other
company's currently operating in this region, which VIPR hopes to
also be a beneficiary of."
Safe Harbor
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
(The "Act"). In particular, when used in the preceding discussion,
the words "pleased," "plan," "confident that," "believe," "expect,"
or "intend to," and similar conditional expressions are intended to
identify forward looking statements within the meaning of the Act
and are subject to the safe harbor created by the Act. Such
statements are subject to certain risks and uncertainties and
actual results could differ materially from those expressed in any
of the forward-looking statements. Such risks and uncertainties
include, but are not limited to, general economic conditions,
inherent mining risks, market conditions, competitive factors, the
ability to successfully complete additional financings and other
risks described in the Company's filings and website, which all
investors are advised to view at
www.viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.
For more information please visit www.viprindustries.com.
Contacts: VIPR Industries Inc. Investor Relations (702) 940-0494
Email: info@viprindustries.com Website: www.viprindustries.com