Liberty Star’s Copper, Gold, REEs Hay Mountain Project: Exploration Drill Planning Update
June 19, 2014 09:15 AM Eastern Daylight Time
TUCSON, Ariz.–(BUSINESS WIRE)–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(OTCQB: LBSR) offers details about phase 1 exploration in addition to drilling Target One (“Target One”) initially announced in Company News Release 180 (June 11, 2014). The drilling targets were selected according to superimposed geology, geochemistry, and geophysics, including 2D and 3D interpretations of the ZTEM, EM (Electro Magnetics) and Mag (Magnetic) data. Mother drill hole centers initially announced as 41 in number on Target One, have been increased to 150 over multiple targets to allow drill plan mobility over the entire terrain of all targets. The actual number and location of mother holes and daughter holes drilled will be dependent on results of initial and succeeding drill holes and their relationship to geochemistry and the ZTEM geophysical data as we seek to develop an economic mineral body.
Target specifics:
- Target One is within the molybdenum geochemistry anomaly: approximately 11.4 sq. km (4.4 square miles) see LBSR Hay Mountain Geochemistry Anomalies Map
- The rare earth element (REE) anomaly (NR 181) also has drill hole centers (mother drill holes and attendant daughter holes) spotted over some of the anomaly for initial test work.
- Work has progressed so that Targets 2, 3, 4, 5 and 6 for copper, moly, precious metals and REEs all have proposed mother drill hole centers. This area will encompass more than 26 sq. km (10 sq. miles).
- The permitting process for drilling is underway. The mother drill hole centers requiring permitting are on State Mineral Exploration Permit (MEPs) lands, US Bureau of Land Management lode mining claim lands held by Liberty Star, and privately held land (water permits only from the AZ Department of Water Resources).
Comments Liberty Star’s CEO and Chief Geologist Jim Briscoe: “We plan to use innovative techniques to avoid any unnecessary disturbance to the land surface during the drilling process. These will be detailed in the future. Our next step is finding a project partner and that is where we are concentrating our effort.”
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include our exploration plans, that we have drill targets that have potential drill targets, that we have a major anomaly on our property, that the only thing to do is drilling, that we can get permits, and that we can get a project partner. Factors which may delay or prevent these forward-looking statements from being realized include: we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; misinterpretation of data is possible; and we may be unable to continue exploration due to permitting requirements, weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s most recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
Contact:
Agoracom Investor Relations
http://agoracom.com/ir/libertystar
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
info@LibertyStarUranium.com
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