VIPR Industries Inc.
PINK SHEETS : VIPR

VIPR Industries Inc.

May 06, 2010 12:00 ET

VIPR Industries Announces Commencement of an Additional MMI-Sampling Exploration Programme on Its Msangachuki-Londoni Gold Tenements

New Exploration Program is a Follow-Up to Previous Programme Where Data Revealed High Grade Gold Within Various Areas of Its Property

LAS VEGAS, NEVADA--(Marketwire - May 6, 2010) - VIPR Industries Inc. (PINK SHEETS:VIPR) ("VIPR") announces its has signed an exploration contract with JICL Consulting to quickly commence an additional follow-up Exploration programme, which includes MMI geochemistry sampling and analysis on its Misangachuki Singida-Londoni Gold property, located in Tanzania, a property defined by 20 concessions.

JICL Consultants, a well known and respected firm providing mining and exploration services company based in Tanzania was previously sub-contracted to provide exploration services to VIPR which recently involved Gridding, detailed geological mapping, soil sampling, Pitting, Trenching, Ground Magnetic Survey and assaying. In JICL's most recent report they ascertained that the data provided from samples taken showed in some cases significant high grade gold values which according to JICL was sufficient enough to move towards a targeted Drilling Program. Further to the JICL recommendations, VIPR took it upon itself to also obtain the professional opinions of other accredited third party independent geologists who also confirmed that the results provided displayed very high grade Gold up to 223.75 g/t in certain areas. After consultation with all parties including JICL the company decided to follow-up and further isolate the noted areas of the property that delivered the positive samples before moving towards any definitive drilling program. The programme is to begin immediately and is expected to last 2 weeks with results to be delivered from the lab 4 weeks after completion and delivery of samples.

The exploration will involve new methods and a program outlined below:

  • Provide MMI Geochemical sampling with a total of 442 samples to be taken,
  • Sample Spacing to be 25 meters apart with an estimated amount of 442 samples to be taken,
  • Samples to be taken to an estimated depth of 15cm, (range is between 10cm and 25cm depths, from the organic-inorganic soil interface
  • One kg bulk sample will be taken from the field and dispatched to SGS laboratory in Mwanza. All of the one‐kg‐442 samples will then be sieved to required size at Mwanza laboratory to have 100g pulps for each sample that will eventually be shipped to South Africa for MMI testing.

Javan Enock, Managing Director and Chairman of JICL Consultant commented, "The MMI is a modern and very effective geochemical technology in identifying drilling targets. The process is not only analytical but delivers more powerfully than other conventional geochemical techniques and it is cost effective as it reduces un-necessary drilling costs. JICL believes that test results of the imminent MMI sampling programme will give an understanding of the nature and trend of gold mineralization underneath sampled zones and hence identify the best drilling targets".

JC Barbeck, President and CEO of VIPR Industries commented, "We are pleased at the positive results exhibited by JICL's recently completed programme which is a continuation from previous exploration programmes and results received. Upon further investigation and due diligence on our part, we are very motivated to pursue all means at our disposal with these concessions.

We have the outmost confidence in JICL's abilities and believe that the best option at this point is to further isolate the positive sampling prior to any drilling programmes."

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on Gold, Uranium, Diamonds and other precious metal resources and reserves through mergers, acquisitions and resource development.

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic conditions, inherent mining risks, market conditions, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's filings and website, which all investors are advised to view at viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.

For more information please visit http://www.viprindustries.com

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