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VIPR Industries Completes Exploratory Pitting and Trenching Program on Its Misangachuki Singida- Londoni Gold Prospect Property, Tanzania
LAS VEGAS, NEVADA--(Marketwire - Feb. 16, 2010) - VIPR Industries Inc. (PINK SHEETS:VIPR) ("VIPR") announces the completion of its most recent phase of exploration, its reconnaissance exploration pitting and trenching program on its Misangachuki Singida-Londoni Gold prospect property, located in Tanzania, a property defined by 20 concessions.
The samples taken from the program, carried out by JICL Consulting of Tanzania, will be shipped out to a laboratory for analysis where a final report is to be drafted and forwarded to VIPR. The analysis and drafting of a report is estimated to take between 4 to 6 weeks for completion.
In other events, the company announces it has reached its maximum amount allowable for a 504 finance offering for a given 12 month period. All finance options for any future fundings are being reviewed and considered. The company's year end financials to be posted by March 31, 2010.
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.