Geopulse in the Final Stages of Utah Potash Land Lease Program
26 Julho 2011 - 8:00AM
Marketwired
Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has submitted
a sealed offer to acquire a large parcel Potash Property Lease in
the State of Utah. The potash lease is located in a mining friendly
jurisdiction with easy access. It is considered a highly
significant asset for Geopulse Exploration.
When successful, Geopulse is confident that the potential of
this asset will be significant to the Company's strategy of
creating shareholder value. Geopulse will continue to seek
additional properties in Potash mining.
Geopulse Exploration's target area for potash development will
remain in the abundant Paradox Basin region, an area that contains
an estimated 2 billion tons of potash. Numerous prosperous potash
developers, such as Intrepid Potash, have found success in this
area of Utah.
Management continues to negotiate financing options for
additional expansion efforts and asset acquisitions. Negotiations
are ongoing and the Company will announce results upon
completion.
Potash is an indispensable fertilizer essential to a growing
population and increased food demands. This and other factors make
potash an increasingly valuable resource that is projected to
increase in value by over 700 percent by 2020.
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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