February 11, 2008: RE:
”……….
Reconnaissance Sampling……….”
“Bonanza Hills and King Tut
Millrock has also carried out reconnaissance surveys at its Bonanza Hills
and King Tut properties, which are located northeast of the Pebble porphyry
copper – gold – molybdenum
deposit in southwest Alaska. These claim blocks are centered on
geological, geochemical and geophysical features that may indicate the presence
of copper-gold porphyry deposits. While no obvious signs of porphyry
style mineralization or alteration were observed at Bonanza Hills, vein-style
gold mineralization was noted in talus. The significance of the talus
source has yet to be determined, but grab samples collected from the veins
returned the following high grade results. Sixteen samples range from
less then detectable (.005 g/t) to 133.5 g/t.
|
Rock Type |
|
Au g/t |
|
Ag g/t |
| Talus – vein |
|
24.8 |
|
2.5 |
| Talus – vein |
|
133.5 |
|
9.3 |
| Talus – vein |
|
46.5 |
|
2.7 |
| Talus – vein |
|
78.0 |
|
5.4 |
| Talus - vein |
|
57.2 |
|
1.5 |
Little outcrop is exposed at King Tut. However, stream sediment
samples anomalous in gold and copper were collected. Millrock plans
further geological and geochemical surveys in the 2008 field season to determine
the significance of the anomalous conditions. Drilling will be carried
out if warranted."
Liberty Star is not affiliated with the “King Tut” property.
Please review Millrock’s entire
news release and Safe Harbor Statements on their website: http://www.millrockresources.com.
Also from Millrock’s February 11
news release:
“About Millrock Resources Inc.
Millrock Resources Inc. is a TSX Venture Exchange listed company focused
on exploration of mineral deposits in Alaska. Alaska is a highly
prospective, largely under explored region, which boasts several world class
deposits. Millrock’s goal is to target similar
type deposits, through acquiring and exploring land packages that have the
potential to host mineral deposits of global significance. To date, Millrock has
acquired four promising projects, and intends on making further key
acquisitions.”
About the Liberty Star Bonanza Hills
Project
Liberty Star's Bonanza Hills project area, targeting
high-grade gold with subordinate silver, is located approximately 65 miles from
the village of Iliamna and about 40 miles northeast of our Big Chunk project
area, or about 160 miles west-southwest of Anchorage. Bonanza Hills comprises 54
Alaska State quarter section mining claims, covering 13.5 square miles, which
are 100% owned by the Company, with a small royalty due to the state of Alaska.
Current JV Partner is Millrock Resources (MRO – TSX V)
of Vancouver, British Columbia.
Liberty Star is very enthusiastic regarding the results of
Millrock’s sampling. We look forward to further results
from work pending the coming field season. It is worthy of note that 1.0 grams/tonne is equal to 0.029 troy ounces per ton which is the conversion factor
to change grams per tonne to ounces per ton.
For the Board of Directors
James A. Briscoe
SAFE HARBOR STATEMENT
Statements in this news release that are not historical are forward-looking
statements. It is important to note that the Company’s
actual outcomes may differ materially from those statements contained in this
news release. Forward looking statements in this news release include that we
are looking forward to further results from work pending by Millrock. Factors
which may delay or prevent this from occurring include that Millrock does not
proceed with further work, or that there may be misinterpretation of data; and
despite encouraging results, there may be no commercially exploitable resource
on our property. Readers should refer to the risk disclosures outlined in the
Company’s recent 10-KSB and the Company’s other periodic reports filed from time to time with the
Securities and Exchange Commission.
Contact: