Geopulse Applies for Utah Mineral Property Ownership
January 31 2012 - 7:00AM
Marketwired
Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has formally
applied for full ownership and exploration rights to a single
continuous mineral property in southeastern Utah. After careful
analysis and due-diligence of a number of potential mineral sites,
the Company has applied with the Utah Trust Lands Mining Division
for full property privileges to this location. Final property
approval is expected within the next few weeks.
The Company believes this location offers excellent gold and
copper exploration potential based on the massive finds in the
nearby area. The Property is located approximately 7 miles west of
the Lisbon Valley Copper Mine; once one of the largest copper and
gold producers in Utah. At full production this mine was producing
over 27,000 tons of copper ore annually.
Utah is the nation's third leading gold producer, with a value
of over $550 million produced in 2009 alone. For more than a
century Utah has also been one of the world's largest copper
producers, with an annual value of over $1.7 billion and an output
of nearly 20 million pounds.
Geopulse's business strategy is to assess, secure, and operate
viable properties through Company expertise or joint venture
projects with major and junior mining companies through to
production. The Company's initial project site objectives are
focused in Utah and continental North America, with future
expansion goals aimed for Central and South America.
Safe Harbor for forward-looking statements
This release contains certain statements that are
"forward-looking" statements (as the term is defined in the Private
Securities Litigation Reform Act of 1995). Any such forward-looking
statements are inherently speculative and are based on currently
available information, operating plans and projections about future
expectations and trends. As such, they are subject to numerous
risks and uncertainties, such as general economic and business
conditions, the ability to acquire and develop specific projects,
the ability to fund operations, and other factors over which
Geopulse Exploration Inc. has little or no control. Actual results
and performance may be significantly different from expectations or
trends expressed or implied by such forward-looking statements.
Geopulse Exploration Inc. expressly disclaims any obligation to
update the statements contained in this release.
Geopulse Exploration Inc. 6565 Americas Parkway NE Suite
200 Albuquerque, NM 87110 Ph: 505-563-5787
investorinfo@geopulseinc.com
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