Stocks to Watch: VIPR Industries Inc. (PINKSHEETS: VIPR), Patriot Scientific Corp. (OTCBB: PTSC), Brigham Exploration Company (NASDAQ: BEXP), Tanzanian Royalty Exploration Corporation (AMEX: TRE), Harmony Gold Mining Company Limited (NYSE: HMY)
Featured Stock: VIPR Industries Inc.
(PINKSHEETS: VIPR)
Current Price (0.70)
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VIPR Industries Appoints Senior Geologist to Lead Gold and Uranium Exploration
TORONTO, ONTARIO-- August 4, 2008 – VIPR Industries Inc. (VIPR.PK – News) (“VIPR”) is pleased to announce the appointment of geologist and geophysicist Mr. Jonas Mwano as Chief Senior Geological Consultant. Mr. Mwano will apply his extensive mineral exploration expertise and in-depth regional knowledge to lead the exploration and development of VIPR’s gold and uranium properties in Tanzania.
Mr. Mwano brings to VIPR Industries deep knowledge of Tanzania’s geology and mineral resource potential. A Geologist and Geophysicist with the Ministry of Energy and Minerals’ Geological Survey of Tanzania, he has extensive experience in regional geological mapping and exploration particularly in Greenstone belts, as well as airborne geophysical data acquisition and ground geophysical exploration utilizing magnetometer, electromagnetic (TEM), gravity and Induced Polarization (IP) surveying. Mr. Mwano also contributed his expertise to the NDF Project conducted by the Geological Survey of Tanzania and Geological Survey of Finland (GTK) to identify priority areas with high mineral potential.
Mr. Mwano earned his Master of Science degree in Geophysics (M.Sc.) and Bachelor of Science degree from Tanzania’s University of Dar es Salaam. He was awarded for his work on Integrated Interpretation of Airborne Geophysical Data and Satellite Images for Geological Mapping of the Kalenge Area, Biharamulo District, North-Western, Tanzania.
Mike Gerstner, President and CEO of VIPR Industries Inc., commented: “We are pleased that Jonas Mwano has chosen to contribute his considerable geological acumen and experience exploring Tanzania’s mineral resources for the benefit of VIPR Industries. We believe his expertise will prove to be invaluable as we explore our Singida Gold Property and Itigi Manyoni Uranium Property and evaluate additional acquisitions in the area.”
As announced last week, VIPR has completed the acquisition of its Singida Gold Property located directly adjacent to and along strike from Shanta Gold Limited’s Singida Project where exploration drilling has identified an indicated resource of 543,000 ounces of gold valued at an estimated $500 million. VIPR has also closed the acquisition of the Itigi Manyoni Uranium Property where airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization.
The Geological Survey of Tanzania reports that Tanzania has significant potential for new discoveries as many commodities still are highly under-explored. Tanzania features excellent geological databases, good infrastructure, readily available exploration services and an attractive mineral policy. (Geological Survey of Tanzania, “Mineral Exploration in Tanzania”, 2008)
About VIPR Industries Inc.
VIPR Industries Inc. is acquiring and exploring high quality mineral properties, focusing on Tanzania’s rich but under-explored gold and uranium resources. Based in Toronto, VIPR is working to develop its Singida Gold Property and Itigi Manyoni Uranium Property which feature excellent potential for significant discovery and production.
Cautionary "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: With the exception of historical matters, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein. Such forward-looking statements include expectations on the timing of the closing of the transaction, expectations that these royalties will be accretive on all measures and provide immediate and near-term cash flow, the operator's estimates of proven and probable reserves and additional mineralization, the operator's production estimates, and an estimate of when production is to commence, and expectations on the contribution of revenues. Factors that could cause actual results to differ materially from projections include, among others, precious metals prices, decisions and activities of the operator of the various properties, unanticipated grade, geological, metallurgical, processing or other problems the operator may encounter, changes in project parameters as plans continue to be refined, economic and market conditions, as well as other factors described elsewhere in this press release and in any other filings with the Securities and Exchange Commission. In addition, acquired royalty interests on certain projects are subject to risks associated with conducting business in a foreign country, including application of foreign laws to contract and other disputes, foreign environmental laws and enforcement and uncertain political and economic environments. Most of these factors are beyond the Company's ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.
For more information please visit http://www.viprindustries.com/
Contact:
VIPR Industries Inc.
Investor Relations
416.644.8648
Email: info@viprindustries.com
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Other Stock To Watch In The News: Patriot Scientific Corp. (OTCBB: PTSC) closed last week at (0.23) up 4.55%, Brigham Exploration Company (NASDAQ: BEXP) closed last week at (13.98) down 0.14%, Tanzanian Royalty Exploration Corporation (AMEX: TRE) closed last week at (5.00) even 0.0%, Harmony Gold Mining Company Limited (NYSE: HMY) closed last week at (10.28) down 4.90%
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