Liberty Star’s Hay Mountain Preliminary ZTEM Findings
October 11 2013 - 9:16AM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the
“Company”) (OTCQB: LBSR) is pleased to
announce that a preliminary review by Chief Geologist Jim Briscoe
and geophysicists from Geotech Ltd (“Geotech”) finds that there is
a profound electromagnetic and magnetic anomaly in the same area as
the main geochemistry anomaly that has so far defined the Hay
Mountain anomaly in southeast Arizona. (NR 127) It is worthy of
note that changes in responsive bodies could be seen to vary from
near the surface to a depth of 1,590 meters (5,247 feet) suggesting
a complexity often seen in mineral deposits. From Geotech’s
completed report, based on data gathered in July 2013:
Conclusions:
“Based on the geophysical results obtained, a
number of interesting conductive structures were identified across
the property. The magnetic results also contain worthwhile
information in support of exploration targets of interest.”
Recommendations:
“We therefore recommend a more detailed
interpretation of the available geophysical data, including
additional 2D or 3D inversion in conjunction with the geology,
prior to ground follow up and drill testing.” Report on a helicopter-borne Z-Axis Tipper
Electromagnetic (ZTEM) and aeromagnetic geophysical
survey
As suggested in Geotech’s report, continuing analysis of the
ZTEM is ongoing in Tucson and Ontario (near Toronto), Canada, while
Briscoe attends naseba China commencing October 13th in Beijing,
China. (NR 159) Geotech will also continue analyzing the data,
which could include addition 2D and 3D modeling. The preliminary
and advanced analyzed ZTEM data will be compared to the geochemical
findings to refine drilling targets for a phased drilling program.
Briscoe concluded, “Geochemistry, electromagnetic, magnetic
studies, including ZTEM, and GIS mapping—this is the way big new
ore bodies unseen and completely hidden under cover rock will be
found. I believe the detailed technical work we are doing at Hay
Mountain will prove this.”
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ
CACEO/Chief GeologistLiberty Star Uranium & Metals Corp.
Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include our exploration and analysis plans, and our belief
that major mineralization may be present. 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; there may be cost overruns; 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 recent 10-K and the Company’s other
periodic reports filed from time to time with the Securities and
Exchange Commission.
Agoracom Investor
Relationslbsr@agoracom.comhttp://agoracom.com/ir/libertystarorLiberty
Star Uranium & Metals Corp.Tracy Myers, 520-425-1433Investor
Relationsinfo@LibertyStarUranium.comFollow Liberty Star Uranium
& Metals Corp. on Facebook, LinkedIn & Twitter
@LibertyStarLBSR
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Apr 2023 to Apr 2024