Geopulse Exploration has acquired a 640 acre metalliferous mineral lease in the Lisbon Valley of San Juan County, Utah. This lease is situated in the confirmed area of mineral or copper rich Paradox Basin. Geopulse has bought this property with the intention to explore the copper potential.
The Property is well sited near the largest copper production properties, the Lisbon Valley Copper Mine in Utah. This copper mine has been producing over 27,000 tonnes of copper yearly during full production.
More number of large copper production facilities are located in Utah. The state brings around 20 million pounds yearly, with a value of over $1.7 billion.
The plan of the company is to become a project explorer, generator, and operator with an aim to gain joint-venture projects from major and junior mining firms. Also, the Company will develop the opportunities in base and precious metal exploration.
At present, Geopulse is completing the due-diligence and analyzing several national and international resource projects for acquisition in future. The plan of the initial project area will be sited in the continental US and aims for future expansion in Central or South America.
Source: http://www.geopulseinc.com/