Liberty Star Submits Plan of Operations for Drilling Hay Mountain Project to Arizona State Land Department; Proposed Period o...
August 12 2014 - 9:35AM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the
“Company”)(OTCQB: LBSR) is pleased to
announce that it has submitted an Exploration Plan of Operation
(the “Plan” or the “EPO”), for the State Land component covering
the prime anomaly of the Hay Mountain Project, to the Natural
Resources Division - Minerals Section of the Arizona State Land
Department (“ASLD”), as of today’s date. An approved EPO is
required by the State prior to initiating exploration activities on
Arizona State Trust land (the Company’s Mineral Exploration Permits
or MEPs). Plan evaluation and approval may require 30 to 60 days:
the approved EPO remains effective for one year from date of
approval and the Company may request extensions if required.
Liberty Star has proposed a Period of Operation commencing
September 29, 2014. The innovative drilling program proposed by
LBSR could begin after that date if the EPO is effective and
adequate funding is obtained.
Among the ASLD requirements for application of an EPO is a
statement of “Scope of Operation” that describes “…the type and
extent of the operation to be performed. Include the estimated area
of disturbance and provide detailed information for any earth
moving or site clearance operations.” Liberty Star has submitted
the following:
“1. Core Drilling and daughter hole drilling
for mineral deposits at depths of up to 5,360 feet (1,643 m) and
using deviated drilling-directional drilling herein described as
daughter holes to drill holes out from the mother holes which will
give us information at up to 200 meters out from the mother hole.
This will decrease our surface drill sites to 41 drill sites, a
decrease of 89% by drilling from the central mother hole.
“2. We will be using a diamond core drill –
with rubber tracks that put less pressure on the ground surface
(4.8 pounds per square inch) than a human would in walking over the
drill site. Rather than trucking water off-road to the drill site
with very heavy (10 to 16 tons of water per truck load) we will
pipe water to the drill sites as needed for drilling using unburied
UV protected flexible polyethylene pipe which will not disturb the
surface or vegetation to supply a plastic water tank (2,000 gal) at
the drill site.
“3. We will use a very recently developed
Solids Recovery Unit (SRU) which uses a centrifuge to clean the
drill fluid before pumping it down into the hole again. This
reduces the foot print of the drill site and negates the use of a
traditional mud sump pit. Drill cuttings are automatically bagged
and will be disposed in a land fill after drying.
“4. Personnel will be transported in a rubber
tracked side-by-side [a 4WHD mini truck from Polaris] with 4
passenger capacity along with space for tools and consumables. This
also has an impact of less than a human foot. Normal pickup trucks
will only traverse main roads, only pickup trucks equipped with
rubber tracks will travel off main dirt road.”
All vehicles used in the drilling process will be mounted on
similar low weight distribution rubber tracks. No roads will be
constructed, nor surface disturbance made. Routes to the drill
sites will be by rubber tracked vehicle paths and there will be no
surface disturbance of soil or vegetation.
States Liberty Star CEO/Chief Geologist Jim Briscoe: “The Scope
of Operations statement we have submitted to the ASLD exemplifies
our commitment to being excellent stewards of State Trust lands.
The Exploration Plan is also financially sound because of the
efficiencies we’ve built into the plan including those described
above, which we believe should actually lower the cost of
operations. With naseba and others, we have laid the groundwork for
financing, and are in preliminary discussions with more than 12
entities in various countries where we have made presentations. We
need that financing in place to proceed with Phase 1 drilling.”
“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 expectation that we will receive approval of
our EPO and the timing of that approval, the anticipated timing of
the EPO after it commences and the availability of extensions if
they are required, our ability to raise funds to pay for the Phase
I drilling and our belief that the EPO is financially sound and
that it should actually lower the cost of operations. Factors which
may delay or prevent these forward-looking statements from being
realized include receipt and timing of EPO approval and delays in
financing, the possibility that we may not be able to raise
sufficient funds to complete our intended exploration or carry on
operations and the timing of that financing; and the possibility
that we may be prevented from drilling due to weather, logistical
problems or other field hazards. Despite encouraging results, there
may be no commercial grades of mineralization on our properties.
Readers should refer to the risk disclosures in our recent 10-K and
our other periodic reports filed from time to time with the
Securities and Exchange Commission.
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Star Uranium & Metals Corp.Tracy Myers, 520-425-1433Investor
Relationsinfo@LibertyStarUranium.com
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