Geopulse Awarded Potash Property by Utah State
August 05 2011 - 2:20PM
Marketwired
Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has secured
their Potash Property Objective in the State of Utah. The Company
was among numerous other Mineral Exploration groups participating
in the competitive tender process. Geopulse was recently informed
of their success and now await final State approval of Company
ownership.
The competition and bidding for valued potash properties in Utah
State and Paradox Basin has been aggressive. Geopulse Exploration
is pleased to confirm the addition of this significant
shareholder-enhancing Potash Property to our expanding asset
portfolio.
The Company will continue to focus on potash acquisition and
development in the prolific Paradox Basin area. A number of other
companies have shown great success in this region. The nearby Cane
Creek Potash Mine, with an estimated life of over 124 years,
produces over 180,000 tons per/year of potash; a value of nearly
$100 million at current prices.
Over the last decade, the potash industry has experienced rapid
growth as a result of rising demands for food, feed and fertilizer.
Worldwide, the increasing need for potash is expected to exceed the
current supply. The United States produces only about 1,200,000
tons of potash a year, but consumes 5,200,000 tons; making it one
of the largest net importers of potash in the world.
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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