VIPR Industries Offered 10 Additional Gold Prospecting Licenses in the Singida Region of Tanzania, Clarifies PML's on 3 Geita Re
November 21 2008 - 4:01PM
Marketwired
VIPR Industries Inc. ("VIPR")(PINK SHEETS: VIPR) announces that it
has been offered an additional 10 Gold prospecting licenses in the
Singida region of Tanzania which it has entered into discussions
for. As well it clarifies PML numbers for previous announcement on
3 prospects in rich Geita region of Tanzania.
The 10 additional licenses have reputable data and possess very
promising characteristics and potential. The licenses are presently
in owned by business partners closely associated with VIPR who are
regarded as very reputable and respected in Tanzania and have had
numerous dealings with the Tanzanian Ministry Of Energy and
Mines.
As well, 2 out of the 3 prospects recently announced and located
in the rich and lucrative Geita region of Tanzania have been
granted PML's (Primary Mining licenses). Application number
HQ-P15896 is now referenced by license numbers PL 5422/2008, an
area of approximately 122.87 sq/km. Application number HQ-P15890
was also granted a PML which is referenced as PL 5013/2008, also
located in the Geita and Sangerema districts of Tanzania, an area
approximately 81.92 sq/km. A third property is also awaiting the
granting of a PML which is expected shortly. The property is
located within a region of Tanzania possessing very significant
mines and discoveries. The properties are located a mere 20 km from
the Geita Gold Mine owned and operated by Resolute Ltd; Ashanti
Goldfields in a joint venture with AngloGold, and Barrick Gold Corp
where its cost of production is known to be $250 per ounce making
it a very economically profitable mine.
VIPR is extremely interested in closing on all potential
prospects which could also involve a joint venture with other more
well capitalized mining companies to assist and share in
exploration and development costs.
About VIPR Industries Inc.
VIPR Industries Inc. is a precious metals exploration and
development company focused on gold, uranium, and other precious
metals 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 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. Readers are cautioned not to put
undue reliance on forward-looking statements.
For more information please visit (www.viprindustries.com/).
Contacts: VIPR Industries Inc. Investor Relations (416) 644-8648
Email: info@viprindustries.com Website: www.viprindustries.com