Geopulse Applies for Utah Mineral Property Ownership
(firmenpresse) - ALBUQUERQUE, NM -- (Marketwire) -- 01/31/12 -- 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.
6565 Americas Parkway NE
Suite 200
Albuquerque, NM 87110
Ph: 505-563-5787
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Datum: 31.01.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 109233
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ALBUQUERQUE, NM
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Oil & Gas
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