Summary: Liberty Star’s Hay Mountain ZTEM Report
March 04 2014 - 9:27AM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the
“Company”)(OTCQB: LBSR) is pleased to present a summary of the
final report submitted by Geotech: Interpretation Report on a Helicopter-Borne Z-Axis
Tipper Electromagnetic (ZTEM) and Aeromagnetic
Geophysical Survey: The Hay
Mountain Project Tombstone Mining District, Cochise County, Arizona
For: Liberty Star Uranium & Metals Corp.
This final report includes updated interpretation based on 3D
magnetics. Geotech will use data from this report in a presentation
on March 4 at PDAC 2014 (NR 173). Two images from that presentation
can be viewed March 4 on the Liberty Star web site as well. The
information in this report has generated more specific targets for
the Company’s upcoming drilling program at Hay Mountain, which will
commence when adequate funding is obtained.
CEO/Chief Geologist Jim Briscoe’s summary of the report:
“During the early part of February, Geotech completed a 3D
inversion using a coarse mesh study. When this was interpreted, it
was clear that a fine mesh 3D magnetic inversion would be
particularly useful and result in better resolution of what was
going on at depth.
One of the images displayed on our web site is a cross section
showing the results of this fine mesh 3D magnetic interpretation,
along with the ZTEM interpretation as well. The coarse mesh
inversion was 250 meters (m) x 250m x 125m mesh, whereas the fine
mesh inversion was 50m x 50m x 20m mesh. Obviously much smaller
items can readily be resolved at this resolution.
When the fine mesh 3D magnetic interpretation is plotted it can
be seen that there is a sub horizontal top to the anomalies, which
may well be skarn containing pyrite which has oxidized to oxidized
skarn, perhaps destroying most of the magnetism in the upper zone.
This would be equivalent to a classic oxidation zone, perhaps
containing a chalcocite (Cu2S) blanket. This has certain
similarities to the data reported on the similar appearing gold
skarn deposits in Guerrero State, Mexico (also within the Geotech
PDAC 2014 presentation).
These more highly resolved magnetic data suggest that the
groundcover is 100 feet to 300-500 feet below the current surface,
which corresponds well to the known geology. It also suggests that
we may have an enriched zone of both gold and copper, perhaps
within open pit mineable depths over a wide area. Additionally, the
skarn mineralization appears to go to a great depth of at least
approximately 1,500 meters. The only thing left is to drill these
anomalies to determine their exact nature. While we do not have a
deal as yet, there is an increasing interest by several funding
entities and large companies.”
“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 an enriched
zone of both gold and copper perhaps within open pit mineable
depths over a wide area, that the only thing to do is drilling, and
that we have some parties interested in financing us. 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
Relationsinfo@LibertyStarUranium.comFollow Liberty Star Uranium
& Metals Corp. on Facebook , LinkedIn & Twitter
@LibertyStarLBSR
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Apr 2024 to May 2024
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From May 2023 to May 2024