FOR IMMEDIATE RELEASE
TUCSON, AZ–(Oct 21, 2019)–Liberty Star Minerals (“Liberty Star” or the “Company”) (OTCPK: LBSR) is pleased to announce that it has paid the application fees for the addition of 13 Mineral Exploration Permits (MEPs) to be issued upon approval by the Arizona State Land Department (ASLD). The new MEPs encompass 9.24 sq. miles of mineral and surface lands adjacent to the 10.37 sq. mile original Hay Mountain and the North Hay Mountain MEP lands in Cochise County. This new acquisition will represent a nearly 89% increase in Liberty Star lands under permit for mineral exploration activities. Liberty Star geochemical and geophysical surface studies indicate anomalies consistent with a large buried porphyry copper body at the primary target, and potentially extensive associated porphyry cluster, with attendant metals including gold, moly, nickel, silver, zinc, lead, and cobalt.
As previously announced, the Company plans to take possession of a new ZTEM geophysics 3D inversion package before the end of the month. The new land, the original Hay Mountain MEP area, and the North Hay Mountain MEP lands are all included in the new enhanced ZTEM analytics.
States CEO Brett Gross: “Land acquisition is essential to developing the Hay Mountain Project. While our first set of targets have been mapped out, the surrounding area not only could hold multiples of these buried porphyry copper bodies, access to sufficient surface area to support primary target development is critical to our success developing Hay Mountain today and continuing operations for the decades ahead. With State approval of these applications, which we believe is imminent, we will control sufficient area necessary to assure both immediate and long-term viability of the operation.”
“Brett I. Gross” Brett I. Gross
CEO/President
Liberty Star Uranium & Metals Corp.
Forward Looking Statements Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2019, as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services. RISK FACTORS FOR OUR COMPANY ARE SET OUT IN OUR 10-K AND OTHER PERIODIC FILINGS WITH THE SEC ON EDGAR (ref. Liberty Star Uranium & Metals, Corp.).
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Contact:
Liberty Star Minerals
Tracy Myers
520-425-1433
Investor Relations
info@lbsr.us
http://www.LBSR.US
Read the 8k on Edgar: http://bit.ly/2oXMu6D
Update 910
