Geopulse Exploration Acquires Utah Copper Property
23 Mars 2011 - 9:00AM
Marketwired
Geopulse Exploration Inc. (OTCBB: GPLS) announces the acquisition
of a 640 acre metalliferous mineral lease in the Lisbon Valley of
San Juan County, Utah. This Property is located in the proven
mineral/copper rich Paradox Basin area. It was strategically
purchased for its copper exploration potential.
The Lisbon Valley Property is favorably located only a few miles
from one of Utah's largest copper production properties, the Lisbon
Valley Copper Mine. At full production, this mine was producing
over 27,000 tonnes of copper ore annually.
Utah State is host to some of the Nation's largest copper
production facilities. Copper is the largest contributor of nonfuel
minerals in Utah, with a value of over $1.7 billion and an output
of nearly 20 million pounds annually. For more than a century Utah
has been one of the world's largest copper producers.
Management's corporate strategy is to be a project explorer,
generator, and operator with an objective to option and/or
joint-venture projects with major and junior mining companies
through to production. The Company will also expand through the
exploration of base and precious metal opportunities.
Currently Geopulse Management is completing due-diligence and
reviewing several national and international resource projects for
future acquisition. Each project offers a different stage or phase
of entry. The initial project site objectives will be located in
the continental US with future expansion goals aimed for Central or
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.
Geopulse Exploration Inc. 6565 Americas Parkway NE, Suite
200 Albuquerque, NM 87110 Ph: 505 563 5787
investorinfo@geopulseinc.com
Geopulse Explorations (PK) (USOTC:GPLS)
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