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Singida gold bearing rock could be more extensive than earlier thought
By The guardian reporter
12th February 2010EmailPrintComments
The gold-bearing rock in Singida Region could be more extensive than previously thought, according to a press statement released by the Lake Victoria mining company yesterday.
Shanta gold is commissioning studies aimed at assessing the economic
feasibility of small to medium scale mining operations at Singida.
In addition, plans are underway to evaluate new properties with
merit in the vicinity of Singida, and consolidating Shanta’s holdings
in the area."
From Shanta Gold
determined a total in-situ resource in excess of one million ounces
from seven mineralised target areas located within a five km radius
at Singida. Ten separate mineralised bodies exist within the seven
prospects and multiple continuous mineralised shear zones have
been identified at Gold Tree and Jem .
The latest resource estimate figures constitute a significant
improvement on the approximately 543 000 ounces of in-situ gold
identified at the end of 2007."
Singida Gold Mines
VIPR Industries Inc. ("VIPR") is an International Gold and Uranium Exploration and Development Company with its corporate offices located in Las Vegas Nevada, and Toronto, Ontario, Canada. The Company’s shares currently trade on the NASD Pinksheet Stock Exchange under the symbol "VIPR" , and is a current issuer with the Pinksheet Exchange. The company retained the firm of Chisholm, Bierwolf, and Nilson to act as its independent auditor and as a result has completed its audit for calendar years ending 2006 and 2007.
Its principle Asset’s are the Singida Gold Mines property and it’s Itigi / Manyoni Uranium Property, which are both located in Tanzania, a country with an exceptional history for fairness possessing a secure and just British style judicial system enabling it to have the designation of low political risk country. Tanzania is a country rated number 10 in the world for Gold production, and number 3 in Africa with many of the world’s top international mining companies presently doing business within its borders.
The company’s Singida Gold Concessions and the Itigi / Manyoni Uranium Property will have Mr. Mike Gerstner spearhead the exploration and future direction of the company. Mr. Gerstner has been appointed as the company's President and Chief Executive Officer. Mr. Gerstners experience, and success as both an entrepreneur and businessman, will lend the company the expertise required to maximize the potential of VIPR’s properties and assets. Mr. Gerstner will have the responsibility of selecting and building a top quality team of professionals.
On top of its current list of assets, VIPR has an option to purchase further mining gold concessions in the Singida region as well as options to purchase other high grade prospects within Tanzania and other parts of the world. Its goal is to prove reserves and expand through key acquisitions.
Tanzania - 128 Hectares
The Singida Property currently consists of 1 (one) Amalgamated Mining Licence granted on June 12, 2008 (ML309/2008) pursuant to the Mining Act of 1998. This prospect is located along strike from the Shanta Gold discovery area, and displays similar characteristics to Shanta’s newly found Gold Tree and The Jem deposits.
Shanta Gold drilling highlights in the Singida District:
|Borehole ||From(M) ||Intersection (M) ||Au(G/T) ||Including |
|5C64 ||41 ||10 ||7.70 ||1 meter @ 42.05 g/t |
|5C70 ||53 ||10 ||8.49 ||1 meter @ 29.95 g/t |
|5C86 ||20 ||11 ||12.77 ||1 meter @ 20.65 g/t |
|5C90 ||9 ||15 ||9.22 ||1 meter @ 46.15 g/t |
|5C287 ||96 ||12 ||12.04 || |
|5C520 ||11 ||11 ||16.49 ||1 meter @ 18.91 g/t |
|5D257 ||274 ||4 ||6.78 || |
|5D259 ||215 ||5.3 ||4.22 || |
|From(M) ||Intersection (M) ||Au(G/T) ||Including |
|5C112 ||75 ||5 ||21.09 ||2 meters @ 49.47 g/t |
|5C115 ||54 ||7 ||21.19 ||3 meters @ 46.36 g/t |
|5D401 ||87 ||8.34 ||130.47 ||2 meters @ 512.69 g/t |
|5D402 ||71.5 ||4.94 ||25.75 ||1.5 meters @ 59.22 g/t |
Londoni 1 targets
The exploration drilling at Gold Tree and Jem has identified several relatively continuous high grade mineralized shoots along several hundred meters of strike. The Gold Tree mineralization occurs along a 350 meter strike section displaying continuity below 250 meters depth with SD257 intersecting a 4 meter wide zone averaging 6.78 g/t. The gold is hosted by sheared basaltic meta-volcanics and interflow meta-sediments and is associated with quartz veining, biotite, arsenopyrite, pyrite, and chalcopyrite mineralization.
The gold mineralization at The Jem situated 500 meters along strike from Gold Tree extends along a 600 meter strike section with down-dip continuity below 250 meters depth. Borehole 5D401 intersected spectacular mineralization with coarse native gold in quartz veins.
Given the regional geology Kinti believes similar mineralization occurs on the company’s claim block.
A INDEPENDENT GEOLOGICAL REPORT FOR VIPR INDUSTRIES
Msangachuki-LondonI GOLD PROSPRECT-- http://members.merxmotion.com/VIPRIndustries/images/pdf/Msangachuki-Londoni.pdf
THE LAST NEWS RELEASES:
VIPR Industries Signs Exploration Contract to Commence Drilling Program on Its Msangachuki-Londoni Gold Tenements
Vipr Industries (USOTC:VIPR)
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Today : Thursday 31 March 2011
VIPR Industries Inc. (PINK SHEETS: VIPR) ("VIPR") announces it has signed a contract and formally engaged JICL Consulting of Tanzania to undertake a diamond core drilling programme on its Msangachuki-Londoni, Singida Gold prospect property, located in Singida, Tanzania.
After gathering quotes from various mining contractors, VIPR made the decision to once again engage JICL to execute a Diamond Core drilling program which is as a result of JICL's expertise and familiarity of VIPR's Singida property. The drilling programme is slated to begin within the next 45 days, but could take as long as 60 to 90 days to commence. The long delay's stem from the expected delivery of a new drill rig JICL has purchased from Europe that is presently in transport, and obligations JICL has to other clients prior to commencing the drilling program on VIPR's Singida property. The newly purchased rig owned by JICL will also allow for some reduced costs to VIPR on this programme and any subsequent exploration programmes.
The drilling program was as a result of its most recently completed MMI reconnaissance exploration programme and prior programmes performed on its Twenty Gold Concessions, all conducted by JICL on its Msangachuki-Londoni, Singida Gold prospect property. JICL concluded a need for taking additional samples at deeper levels, which can only be obtained by a RAB/DD/RC drilling programme.
The JICL drilling program will encompass holes taken to depths of 120 metres with a minimum of 50 samples to be taken. Once completed, the samples are then to be shipped to SGS Laboratories in Tanzania for analysis.
JC Barbeck of VIPR commented, "VIPR is pleased to be undertaking the next phase of exploration on our Singida-Londoni prospect property as per JICL's recommendations and guidance. Although there are no assurances, we hope the results will exhibit the same positive attributes as previous exploration programmes performed by JICL".
About VIPR Industries Inc.
VIPR Industries Inc. is a precious metals exploration and development company focused on Gold, Uranium, Diamonds and other precious metal resources and reserves through mergers, acquisitions and resource development.
VIPR Industries to Commence Drilling Exploration Programme on Its
Msangachuki-Londoni Gold Tenements
LAS VEGAS, NEVADA, Dec 01, 2010 (MARKETWIRE via COMTEX) -- VIPR Industries Inc.
(VIPR) ("VIPR") announces it has made the decision to move towards a targeted
drilling programme on its Msangachuki-Londoni, Singida Gold prospect property,
located in Singida, Tanzania.
As a result of its recently completed MMI reconnaissance exploration programme
and previous programmes performed on its Twenty Gold Concessions on its
Msangachuki-Londoni, Singida Gold prospect property, and the recommendations of
its Exploration Consulting Company (JICL Consulting), the company has made the
decision to move forward with a targeted drilling programme.
JICL Consultants was sub-contracted to undertake previous programmes including
the recently completed MMI programme. Exploration work during this most recent
programme involved; Gridding, MMI geochemical sampling and assaying.
In the report presented to VIPR, JICL summarized its programme much in the same
way as previous programmes save for some minor variances, recommending moving
forward with a targeted drilling programme over the anomalous zones defined by
both ground geophysics, conventional and MMI geochemistry to test for
mineralization extension to depth. JICL further stated, anomalous zones defined
by both geophysics and geochemistry are located within the interpreted mafic rock
units and were also proximal to the lineaments (faults/shears) from the recent
ground magnetic survey. Hence JICL further concluded a need for taking the
samples at a deeper level, which can only be obtained by a RAB/DD/RC drilling
The Company has initiated the process of sourcing out pricing and timeframes from
a variety of third party exploration companies within Tanzania and other
surrounding countries including JICL Consulting. Final decisions on an
exploration company, timeframes and details of such a programme to be announced
shortly after contract specifics are finalized. It is expected that such a
drilling programme would most likely not commence until sometime in the first
quarter 2011 due to scheduling conflicts from suitable exploration companies and
various other factors. In addition to the anticipated drilling programme at
Londoni, VIPR has been exploring various other potential property acquisitions
within the local vicinity to compliment its existing Tanzanian Gold Tenements.
As well as focusing on its Gold and mining business, VIPR has been entertaining
other business opportunities in other segments and industries, which it believes
could potentially provide revenues in a shorter period of time and reduce any
inherent risks that exist in the mining industry.
About VIPR Industries Inc.
VIPR Industries Inc. is a precious metals exploration and development company
focused on Gold, Uranium, Diamonds and other precious metal resources and
reserves through mergers, acquisitions and resource development.
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
For more information please visit http://www.viprindustries.com.
VIPR Industries Inc.
+1(702) 942-3397 (FAX)
Itigi / Manyoni Uranium Prospect
Tanzania - 170,000 Hectares
The radiometric surveys in the area have identified a total of 14 u- zones in qds 141 and assigned priority for a follow-up. Most of the anomalies lie on the superficial comprising of undifferentiated soils (the kilimatinde cement).
The license area lies in a zone which has mean uranium count of 36, mean total count of 2000, high uranium count of 52, u/th ratio of 1.02 and u/k ratio of 1.53. A total four point source which is significantly high fall in the license area. Point source 141/31 of uranium count 52cps, 141/49 of uranium count of 45, 141/44 of uranium count 47 and 141/53 with uranium count of 44.
Uranium and other precious metals Exploration and Development Company with its corporate office based in Las Vegas Nevada. The Company’s shares currently trade on the NASD Pinksheet Stock Exchange under the symbol "VIPR" , and has the designation of current issuer with the Pinksheet Exchange following all Finra 15c-211 disclosure rules and regulations. The company has retained the firm of Chisholm, Bierwolf, and Nilson to act as its independent auditor completed its audit for calendar years ending 2006 and 2007, and filed financials for calendar 2008.
Uranium field: http://members.merxmotion.com/VIPRIndustries/images/pdf/Itigi.pdf
VIPR Industries Inc. ("VIPR")
VIPR Industries Inc. ("VIPR") is an International Gold and Uranium Exploration and Development Company with its corporate offices located in Las Vegas Nevada, and Toronto, Ontario, Canada. The Company’s shares currently trade on the NASD Pinksheet Stock Exchange under the symbol "VIPR" , and is a current issuer with the Pinksheet Exchange. The company retained the firm of Chisholm, Bierwolf, and Nilson to act as its independent auditor and as a result has completed its audit for calendar years ending 2006 and 2007. www.viprindustries.com
Role of the Board
The Board of directors is accountable to shareholders for the performance of the Company. Its role includes the establishment, review and monitoring of strategic objectives, approval of major acquisitions, disposals and capital expenditure and oversight of the Group's systems of internal control, governance and risk management. A schedule of matters reserved for the Board's decision details key aspects of the Company's affairs that the Board does not delegate (including, among other things, approval of business plans and budgets, material expenditure and alterations to share capital).
The Board is chaired by its President Mike Gerstner. The chairman is responsible for leading the Board and for its effectiveness. And the chief executive is responsible for the execution of strategy and the day-to-day management of the Group, supported by the Executive Board which the chief executive chairs.
The Board has a strong independent element and currently comprises, in addition to the chairman, three executive and one non-executive directors, one of whom are independent according to the definition contained in the Code.
A formal evaluation of the performance of the Board, its committees and individual directors is carried out annually by means of detailed questionnaires and interviews.
A formal evaluation of the performance of the Board, its committees and individual directors will be carried out annually by means of detailed questionnaires and interviews. The aim is to ensure continuous improvement in the functioning of the Board. The analysis confirmed that the Board and its committees were functioning correctly.
VIPR Industries Inc. has 11,000,000,000 shares of common stock authorized
of which 8,000,000,000 shares are issued and outstanding as of March 31, 2011.
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