Geopulse Exploration Reaches Milestones, Outlines Expansion
23 Giugno 2011 - 10:00AM
Marketwired
Geopulse Exploration Inc. (OTCBB: GPLS) completes gold and copper
property acquisitions objectives in Utah State and announces future
corporate targets. The Company will continue to expand its asset
base to further shareholder value with potential potash land
purchases in the Paradox Basin region. Management is also currently
in negotiations to secure financing options for continual expansion
efforts.
In addition to our world-class gold and copper properties,
Geopulse Exploration will also focus on potash expansion in the
prolific Paradox Basin region, an area that contains an estimated 2
billion tons of potash. The Company has nominated two land parcels
in Utah State for an upcoming Mineral Land Auction. The two
properties in question are located in known potash mineral zones.
Additional acquisitions of potash properties are expected in the
near future.
Potash was $200 a ton during the last two years and is expected
to reach $1,500 by 2020. Economic growth in Asia and Latin America
greatly contributed to the increased use of potash-based
fertilizer. Potash is important for agriculture because it improves
water retention, yield, nutrient value, taste, color, texture and
disease resistance of food crops.
Utah State is the nation's third leading gold producer and
significant global copper producer. 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.
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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