Liberty Star Provides Geochem Update: Soil Samples Hay Mountain, Arizona
May 15 2012 - 10:33AM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the
“Company”) (LBSR: OTCBB) is pleased to provide an update of
exploration activity on its Hay Mountain claims. 608 soil samples
collected over approximately 22 square miles (NR 114) were sent to
the ALS Minerals (ALS-Chemex) certified geochemical analysis lab in
Vancouver, British Columbia, where they were tested for the
presence of 64 different elements.
ALS has returned all of the geochemical soil samples results for
all elements requested, to Liberty Star’s Tucson office. The assays
have been entered into an ARC GIS (Geographic Information System)
database from which contour maps are being produced. Additionally,
enhanced satellite imagery (digital space photos) is being analyzed
for geology and alteration, and the various geochemical contours
are superimposed on this imagery. This work has produced a variety
of interesting and surprising (unexpected) results that require
further in-depth analysis. Chief Geologist and Company CEO James A.
Briscoe and his team have made the following preliminary
observations:
- The common elements of porphyry copper
systems are present and provide useful guides, but are subtle. We
are continuing work to analyze these patterns in relation to other
technical studies such as aeromagnetics and an IP survey done more
than 20 years ago covering a large area. A ZTEM airborne survey is
planned later this spring or summer.
- A surprising presence of rare earth
elements (REE) has been defined over a large area. This was
completely unexpected and justifies further study. The REEs we
assayed for are among the 17 REEs now known, are strongly
anomalous, and are scandium, yttrium, lanthanum, and cerium. The
other 13 known REEs were not included in our assay process. In due
course we will re-assay the samples for these additional REEs. Rare
earth elements are critical to various civilian and military
hardware and are commercially important. (Wikipedia: "Rare Earth
Elements")
- The REEs are clearly related to a
satellite image anomaly as well as geochemical anomalies of: iron,
uranium, thorium, copper, silver, gold, lead, zinc, nickel,
gallium, mercury, potassium, manganese and molybdenum. These
elements are commonly associated with REE occurrences. This anomaly
covers almost 9 square miles.
- We are not sure of the meaning of the
presence of these Rare Earth Elements (REEs) but the association of
the elements named in 3 above justifies further studies.
- We do not believe the REEs are part of
the porphyry system because they are separated in a different area
for the most part.
The vegetation sample assays are coming in, and these results
will be plotted just like the soil and rock chip samples have been.
Our interpretation of them will be compared to the other two sample
types. Updates will be reported as progress is made.
“James A. Briscoe”
James A. Briscoe, Professional Geologist,
AZ CA
CEO/Chief Geologist Liberty 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 we will undertake a ZTEM survey in spring or
summer; that we will re-assay results for rare earth metals; and
vegetation samples will be plotted.
Factors which may delay or prevent these forward-looking
statements from being realized include: the failure of our
exploration program to identify targets; we may not be able to
raise sufficient funds to complete our intended exploration or
carry on operations; and an inability to continue exploration due
to 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.
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Sep 2023 to Sep 2024