Geopulse Exploration Completes the La Sal Mountains Property Acquisition
03 Maio 2011 - 8:30AM
Marketwired
Geopulse Exploration Inc. (OTCBB: GPLS) (OTCQB: GPLS) finalizes the
acquisition of its mineral lease purchase in the La Sal Mountains
region of San Juan County, Utah. The primary objective of this
acquisition is its gold exploration potential. The property
location was advantageously chosen because of the numerous placers
gold finds and copper deposits located throughout this area.
The La Sal Mountain region is known for its many gold placers
deposits of the Miners Basin, Wilson Mesa, Bald Mesa, and North
Mountain. The Property is also located approximately 11 miles east
of the Lisbon Valley Copper Mine; once one of the largest copper
and gold producers in Utah.
Utah State is the nation's third leading gold producer, behind
only Nevada and Alaska. In 2009 over 580,000 troy ounces of gold,
valued at over $550 million, was mined in Utah State. Only a few
years ago, Utah's Bingham Canyon Mine was producing over 16 tons of
gold alone, making it the fourth largest gold producer in all of
the U.S.
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. Geopulse Management is currently completing
due-diligence and reviewing several national and international
resource projects for future acquisition. 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
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