Liberty Star Receives Final Draft ZTEM Report
December 11 2013 - 12:31PM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the
“Company”)(OTCQB: LBSR) is pleased to announce that as of noon
Tuesday, Dec. 10, 2013, it has received the final draft ZTEM report
from Geotech Ltd. ZTEM electromagnetic measurement data has been
carefully analyzed by Geotech’s Chief Geophysicist Jean Legault, P.
Geo, P. Eng. Among the report’s findings:
1. There are as many as 10 meaningful targets within the Hay
Mountain Project area.
2. Hay Mountain contains a major anomaly centered on the geochem
anomaly reported by Liberty Star (NR 127).
From the “Executive Summary” Summary
Interpretation Report on a Helicopter-BorneZ-Axis Tipper Electromagnetic (ZTEM) and Aeromagnetic
Geophysical Survey: The Hay Mountain
Project Tombstone Mining District, Cochise County,
ArizonaFor: Liberty Star Uranium &
Metals Corp.:
“The Hay Mountain Property is mainly underlain by a thick
sequence of Paleozoic quartzite, limestone and siltstones, but
potentially hosts buried porphyry copper deposits at structural
intersections and under basin-fill formations. There is additional
potential for polymetallic carbonate-hosted replacement deposits
(CRD), as well as shallow chalcocite blanket porphyry type deposits
and also skarn type porphyry copper deposits. Previous soil and
vegetation geochemical surveys have identified a coincident
Au-Pb-Cu anomaly and larger Mo-halo in the center of the property.
The objective of the ZTEM surveys is to identify favourable
magnetic and resistivity signatures related to potentially more
deeply buried porphyry copper, CRD/skarn and chalcocite replacement
deposits at Hay Mountain. The Magnetic surveys have determined that
Hay Mountain hosts a large dominant magnetic high that lies buried
below the Paleozoic sediments is centered over the Liberty Star
geochemical anomaly and remains open to the south...As many as ten
(10) magnetic anomalies have been defined.”
Company CEO/Chief Geologist Jim Briscoe’s summary: “Geotech’s
Chief Geophysicist Jean Legault and I met for more than 12 hours in
three sessions of four hours each over the last 10 days through
GoToMeeting, me in Tucson and Legault in Canada, so we could look
at the same images at the same time to interpret the ZTEM data.
With my geological expertise in the Tombstone area and his
geophysical expertise on copper anomalies all over the world, we
came to the same conclusion that there is substantial evidence that
the Hay Mountain area needs to be drilled. While I had five targets
in mind, the ZTEM report indicated 10. I am pleased that the
evidence continues to be mutually reinforcing that we may be
looking at a major porphyry copper structure. The next step is
drilling. We have a detailed cost analysis and will plot drill
sites according to what we are seeing with the ZTEM. Once funding
is secured, we will drill ASAP.”
“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 plans, that we have 10 meaningful
drilling targets, that we have a major anomaly on our property and
that the next step is drilling. 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 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
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