LAS VEGAS, NEVADA -- (Marketwire) -- 04/01/09 -- VIPR Industries Inc. ("VIPR") (PINK SHEETS: VIPR) is pleased to report that a grab sampling program conducted on its new Singida-Londoni Gold Property has confirmed high-grade gold mineralization and returned assay values of up to 18.2 grams of gold per tonne. In its report independent geology firm JICL Consultants of Tanzania, it identified high-grade zones including 18.2 grams per tonne (g/t) and 11.1 g/t, noted the project's "high potential" and recommended VIPR proceed to the next phase of exploration. The Singida-Londoni Gold Property encompasses the newly acquired 20 mining licenses referenced as QDS 123/3.
JICL Consultants, a well regarded third party Geology firm with extensive experience in Tanzania, recently completed the reconnaissance mapping and sampling program on VIPR's Singida-Londoni Gold Property. Using the fire assay method, JICL defined high-grade geochemical anomalies and confirmed gold mineralization in the majority of samples taken. According to the geology report, auriferous quartz veins vary from a few centimeters on the surface and increase with depth to more than 1 meter. High-grade zones intersected during sampling, including 18.2 g/t @ 1.2m, demonstrate the claim block's potential for a significant gold resource and warrant further evaluation.
JICL reports that artisan miners are currently excavating high grades of gold from these overprints at Mwau, Muhintiri, Mang'onyi, Ihanja and Londoni near VIPR's Singida-Londoni claims. The property is located next to Shanta Gold Limited's Singida Project, where Shanta has identified a 543,000 ounce measured, indicated and inferred resource plus an additional 2+ km strike for testing.
JC Barbeck, President and CEO of VIPR Industries, commented: "Although these results do not confirm minable reserves, the highly encouraging grab sample results underscore the potential for economic gold production at VIPR Industries' Singida-Londoni Gold Property. Based on the project's comprehensive documentation, classification as a Primary Mining License with Tanzania's Ministry of Energy and Minerals, close proximity to a world class discovery, and successful Phase I sampling revealing very rich mineralization, VIPR Industries intends to move forward with exploration at Singida-Londoni."
Mr. Barbeck continued, "These results come on the heels of positive pitting and trenching results from the Mwamunguli Diamond Prospect. As announced March 4th, the geology report from Mwamunguli estimates a minimum resource of 100,000 carats of diamonds at a value of over $30 million", but cautions that estimated results could be materially different from actual results.
