Geopulse Awarded Potash Property by Utah State
(firmenpresse) - ALBUQUERQUE, NM -- (Marketwire) -- 08/05/11 -- Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has secured their Potash Property Objective in the State of Utah. The Company was among numerous other Mineral Exploration groups participating in the competitive tender process. Geopulse was recently informed of their success and now await final State approval of Company ownership.
The competition and bidding for valued potash properties in Utah State and Paradox Basin has been aggressive. Geopulse Exploration is pleased to confirm the addition of this significant shareholder-enhancing Potash Property to our expanding asset portfolio.
The Company will continue to focus on potash acquisition and development in the prolific Paradox Basin area. A number of other companies have shown great success in this region. The nearby Cane Creek Potash Mine, with an estimated life of over 124 years, produces over 180,000 tons per/year of potash; a value of nearly $100 million at current prices.
Over the last decade, the potash industry has experienced rapid growth as a result of rising demands for food, feed and fertilizer. Worldwide, the increasing need for potash is expected to exceed the current supply. The United States produces only about 1,200,000 tons of potash a year, but consumes 5,200,000 tons; making it one of the largest net importers of potash in the world.
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: 05.08.2011 - 19:20 Uhr
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News-ID 42720
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