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Article Excerpt
M2 PRESSWIRE-31 July 2008-GrowthStockAnalyst.com: VIPR Industries Closes Acquisition of Itigi Manyoni Uranium Property; Radiometric Data Shows Strong Potential for High Grade Uranium Zones(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:31072008
Active Stocks to Watch in the News: VIPR Industries Inc. (PINKSHEETS: VIPR), ERF Wireless (OTCBB: ERFW), Brigham Exploration Company (NASDAQ: BEXP), Grey Wolf, Inc. (AMEX: GW), Coeur d'Alene Mines Corporation (NYSE: CDE)
Featured Stock: VIPR Industries Inc.
(PINKSHEETS: VIPR) Current Price (0.67) http://www.GrowthStockAnalyst.com
VIPR Industries Closes Acquisition of Itigi Manyoni Uranium Property; Radiometric Data Shows Strong Potential for High Grade Uranium Zones
TORONTO, ONTARIO -- VIPR Industries Inc. (VIPR.PK - News) (Frankfurt:VIN.F - News) ("VIPR") has completed its acquisition of the highly prospective Itigi Manyoni Uranium Property located in Tanzania. Airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization on VIPR's project area.
Radiometric mapping of VIPR's newly acquired 170 kilometer Itigi Manyoni Uranium Prospect has identified anomalies in multiple zones featuring high uranium counts. The prospect lies within the Tanzanian Craton, formerly known as the Dodoman Craton, in a typical granite / greenstone terrain composed of extensive granitoids and narrow arcuate greenstone belts. Other companies actively exploring for uranium in Tanzania include Atomic Minerals Ltd. (ATL: TSX-V) and Mantra Resources Ltd (ASX:MRU). Companies targeting uranium in Africa also include Deep Yellow Ltd (ASX: DYL) and Denison Mines Corp. (AMEX: DNN). Paladin Resources Ltd. (TSX:PDN) is developing its 3.3 million pound per annum Kayelekera Uranium Project in neighboring Malawi.
Earlier this week VIPR announced it has also closed on the acquisition of a highly prospective gold property in Tanzania's Singida Gold Belt. VIPR's Singida Gold Property is 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 at current gold prices.
Mr. Mike Gerstner, President and CEO of VIPR Industries, commented: "VIPR Industries is developing a growing portfolio of high quality, high value mineral prospects in Tanzania, a country with low political risk,...
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