Liberty Star Receives 2D Inversion Database, Interpretation Ongoing for ZTEM Survey, Hay Mountain Southeast Arizona
November 18 2013 - 1:00PM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the
“Company”) (OTCQB: LBSR) is pleased to announce that it has received
the completed 2D inversion for the 1805 kilometer (1121.58 miles)
of the ZTEM survey database for the Hay Mountain
overflight area. The 2D inversion data will provide the
Company’s geological and geophysical team with data to precisely
define promising anomalies and plot targets for subsequent drill
testing at the Company’s Hay Mountain Project for porphyry copper,
gold, moly (molybdenum), lead, zinc, rare earth elements and other
metals.
In May 2013 the Company contracted Geotech Ltd., Ontario, Canada
(“Geotech”) to conduct airborne ZTEM surveys over the Hay Mountain
area. (NR 151) This electromagnetic/magnetic method can gather
continuous data from near the surface to as much as 2 kilometers
(about 6,000 feet) below the Earth’s surface to identify
geophysical features associated with mineral systems and has proven
particularly effective for porphyry copper systems. By October 2013
Geotech had delivered a database for the 1D ZTEM geophysical data
for all lines. Their analysis of the Hay Mountain database led to
the conclusion that there is a profound electromagnetic and
magnetic anomaly in the same area as the main geochemical anomaly
that has so far defined the Hay Mountain target in southeast
Arizona. (NR 165) It was determined that a 2D inversion of the data
would provide better resolution and accuracy of the information.
Collaborative interpretation of the 2D data by Liberty Star and
Geotech will continue over the next two to three weeks.
Company CEO/Chief Geologist Jim Briscoe summarizes the work so
far:
“The 2D database will be included in the NI 43-101 format
professional report which is vital to our capital raising efforts.
SRK is rapidly approaching completion of the remainder of the
report. I spent some 4.5 hours collaborating with the Geotech Chief
Geophysicist, looking together at each northeast trending profile
going down to about 5,500 feet or more. Because of my intimate and
detailed knowledge of the stratigraphy (sedimentary beds) and
geologic structure (folds, faults, volcanic features, and mineral
features which follow fault structures) and penetrations by earlier
drilling in a nearby area down to a few hundred feet, I was able to
identify what appear to be profound and unexpected folding over the
entire area. We have also identified strong northwest and northeast
trending structural alignments that are not visible at the surface.
These structural features are the structural alignments that appear
in almost every porphyry copper in the Arizona–Sonora, Mexico-New
Mexico porphyry copper province. Two of these alignments intersect
near or over the geochemical and magnetic anomaly of our Hay
Mountain target and form a strong resistivity low. Because the
magnitude and complexity of these features were completely
unexpected, they demand more interpretation and exact spatial
correlation with surface geology, geochemistry and surface
structural geology. I need to work closely with Geotech’s Chief
Geophysicist to be sure our interpretations are as good as we can
make them. Thus far the ZTEM data reinforces the conclusion that
the Hay Mountain area hosts a porphyry copper style anomaly
(magnetic and electromagnetic) superimposed on what appears to be
an extremely complex geologic terrain. This is good news as the
host rocks of most porphyry coppers are extremely disrupted. The
features we see at Hay Mountain can be directly compared and are
along the projection of those exposed in the Old Tombstone mining
area. After final interpretation we will need to do final targeting
of diamond drill holes and begin the phased drilling program to
verify and measure what has thus far been evidenced by our detailed
studies to date.”
“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: that a porphyry copper system is indicated; that
there are multiple targets and that we will do final targeting and
begin phased drilling. Factors which may delay or prevent these
forward-looking statements from being realized include
misinterpretation of data; we may not be able to get equipment or
labor as we need it; we may not be able to raise sufficient funds
to complete our intended exploration or carry on operations; that
weather, logistical problems or hazards may prevent us from
exploration; that equipment may not work as well as expected; that
analysis of data may not be possible accurately and at depth; and
that despite encouraging data there may be no commercially
exploitable mineralization on our properties. Readers should refer
to the risk disclosures outlined in the Company’s recent 10-KSB 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
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& Metals Corp. on Facebook , LinkedIn & Twitter
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