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Tucson, Ariz.--Liberty Star Uranium
& Metals Corp. (�Liberty Star� or the �Company�)
(LBSR: OTCBB) is pleased to provide an updated program for exploration
activity on its Hay Mountain claims for copper, molybdenum (moly), gold and
other metals. Two claim areas comprising the Company�s Tombstone
Porphyry-Precious Metals Project and the Hay Mountain
block will be the first to undergo further exploration. After review of
41-101 style reports compiled by SRK Consulting (see NR 110,111, 114),
Chief Geologist and CEO James Briscoe has concluded that the Hay Mountain claims
present the greatest potential for the discovery of copper, moly, gold and
other metals on Liberty Star�s southeastern Arizona holdings. The 2012 exploration program will include:
- Liberty
Star already has data from a small, detailed vegetation survey from 1998
that shows a porphyry copper style anomaly in the northern portion of
the Hay Mountain Project. With this conformational data,
additional coverage was obviously a priority. The 1,273
geochemical samples collected over the summer and fall months of 2011
have been shipped and are in the process of specialized preparation at
the MEG (Minerals Exploration Geochemistry) sample preparation
laboratory at Carson City, Nevada. These samples consist of rock
chip, soil and vegetation samples from 632 sites over an approximate
area of 14 square miles centered on the Hay Mountain target. MEG Labs,
managed by geochemist Shea Clark Smith, specializes in careful sample
preparation of all types of geochemical samples. After
preparation, including thorough homogenization, randomization and
insertion of control samples, a 200 gram sample will be sent to a
certified lab in British Columbia, Canada. (See NR 114 for the reported
break down by type)
- ZTEM
geophysics provided by Geotech Ltd.,
Ontario, Canada are planned. ZTEM will be flown
by helicopter at a low level over the claims. The lines will be
spaced 400 meters apart and readings will
be taken about every eight meters or less. From this survey a
detailed magnetic survey and a detailed electromagnetic (EM) measurement
to a depth of about 6,000 feet will be produced. This EM signature
will give a detailed shape information of any mineralized bodies
and their depth, while the geochemical information will indicate metal
zoning patterns which are characteristic of porphyry coppers and
associated precious metal mineralization.
- Plotting
of results of the above data, interpretation and definition of targets
will follow.
- Phase
1 permitting of up to 30 potential drill sites to allow flexibility in
drill placement and drilling of 5 to 10
Phase 1 drill holes is next.
- Phase
2 drilling � will take place after positive interpretation of Phase 1
drilling.
According to Mr.
Briscoe, �the SRK technical reports are a great foundation for us to build
on. The geochemical lab results and ZTEM analysis will make our Phase 1
drilling program cost effective and efficient. We have roads, plenty of
qualified staff and consultants in the region, and great weather conditions
to conduct our Phase 1 drilling program. Hay Mountain is a very large
geochemical -aeromagnetic anomaly of about 4 square miles and could host a
very large mineral system. We are progressing carefully and
methodically to be sure we place our drill holes accurately to test the targets
we expect to be revealed by steps 1, 2, and 3 above. We will make periodic
announcements on our progress in the area. I look forward to many days
in the field this year.�
In Alaska, Liberty
Star Management continues discussions with various entities and hopes to
obtain suitable funding to mount a drilling program this summer.
�James A. Briscoe�
James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
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