VIPR Announces Notification Of The Arrival Of Equipment and Key Personnel To Its Misangachuki Singida-Londoni Gold
LAS VEGAS, NEVADA, Jan 05 (MARKET WIRE) --
VIPR Industries Inc. (PINK SHEETS: VIPR) ("VIPR") announces update to its
next phase of exploratory work which has commenced on its Misangachuki
Singida-Londoni gold prospect property, Tanzania.
VIPR and its management have been informed by JICL Consulting of the
arrival of key personnel and equipment to its Misangachuki
Singida-Londoni gold prospect property, which is on schedule and as
planned. As announced in its recent press release, VIPR Industries (the
"Company") has initiated an additional pitting and trenching exploration
program on its Misangachuki Singida-Londoni property, located in
Tanzania. Included will be a ground magnetic geophysics, sampling program
and geological mapping of the terrain. More detailed information on this
program can be viewed on its website and previous press release of
December 10, 2009. As previously indicated, depending on various factors
including weather, the program is anticipated to last anywhere between 60
to 120 days.
Target zones for the sampling were previously identified from data
received on past work performed. The additional results derived from this
program will be used to isolate a possible drilling program along with a
possible NI 43-101 report should the results prove positive to warrant
such programs.
The property is situated at the Misangachuki village in the Singida
region, north east of Singida town in Tanzania and referenced by 20
licenses. The property is situated within the Londoni greenstone belt, in
close proximity to Shanta's Singida project, drilling results have
intersected up to 2 meters @ 512 g/t and results indicate a significant
gold resource of over 543,000 oz which has since been upgraded to include
additional resources.
In addition, to this round of exploration the company is actively
searching and reviewing other potential acquisitions that may be in more
advanced stages and/or possess significant potential. Further updates to
be made available.
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.
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
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
info@viprindustries.com
www.viprindustries.com
Copyright 2010, Market Wire, All rights reserved.
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05Jan10 14:02 GMT
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