Liberty Star’s Copper, Gold, REEs Hay Mountain Project: Exploration Drill Planning Update
June 19 2014 - 9:15AM
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 a project partner
and that is where we are concentrating our effort.”
“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 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.
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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