Liberty Star Uranium & Metals Corp. (“Liberty
Star” or the “Company”)
(OTCQB:
LBSR) is pleased to announce geophysical contractor Geotech
Ltd.(”Geotech”) has proposed a money saving program of fixed wing
aircraft (vs helicopter) borne ZTEM geophysical surveys over the Hay
Mountain target and the Tombstone
Super Project in Cochise County, Arizona.
Geotech geophysicists are currently adjusting flight lines and preparing
a new bid for the ZTEM survey which the Company hopes to fly as soon as
possible, possibly by the end of the month.
Other Hay Mountain news:
-
The 2nd archeological study (NR
149) has been submitted to the Arizona State Land Department and
along with the previously submitted archaeological
study (Feb 21, 2013) awaits comment and award of permit from State
officials. No significant artifacts were located in either area.
-
Geochemical field work will proceed on the State MEP portions Hay
Mountain claims as soon as those permits have been received from the
State. When these rock chip, soil, and vegetation samples are assayed
all 17 rare earth elements (REEs) will be included in the analysis
array, instead of only four REEs previously included in the first
assay package of the area (NR
127).
-
Analytic maps of the area are, and have been in preparation. A few of
these will be made available through the Liberty
Star website (www.libertystaruranium.com)
in due course.
Comments CEO/Chief Geologist Jim Briscoe: “While we would like to move
even faster on our Hay Mountain project it is clear we are progressing
toward drilling. ZTEM electromagnetic (EM) studies are essential to a
modern, efficient drilling program in the porphyry copper-caldera
setting and I believe the surveys will identify strong porphyry copper
and associated metals targets. Should we obtain adequate funding, the
process can continue quite soon.”
About Hay Mountain, Southeast Arizona
The Hay Mountain block of the Tombstone
Super Project (Cochise County, Arizona) consists of 57 unpatented
federal lode mining claims in addition to 15 Arizona State Mineral
Exploration Permits (MEPs). MEPs are the first step in completing an
Arizona State Land Mining Lease. The Company has completed the required
assessment work to hold the MEPs. This land position covers a
geologically, geophysically and geochemically indicated, completely
covered, porphyry copper-moly-silver-gold, and rare earth elements
mineral center. One major target within the Hay Mountain claim block is
defined along with four other smaller targets. Liberty Star has recently
discovered a large intrusion – indicated by an aerially extensive low
flight level magnetic survey – under and partially exposed in and around
the Tombstone caldera (NR
129). Mineralization is clearly associated with this intrusive body.
Regarding new guidance SEC Regulation FD
Liberty Star will use Facebook and Twitter to announce key information
in compliance with Regulation FD: “Washington, D.C., April 2, 2013 —
The Securities and Exchange Commission today issued a report that makes
clear that companies can use social media outlets like Facebook and
Twitter to announce key information in compliance with Regulation Fair
Disclosure (Regulation FD) so long as investors have been alerted about
which social media will be used to disseminate such information.” http://www.sec.gov/news/press/2013/2013-51.htm
“James A. Briscoe” James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.
Follow Liberty Star Uranium & Metals Corp. on Facebook
& Twitter
@LibertyStarLBSR
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 ZTEM airborne and modelling
will identify strong porphyry copper and associated metals targets, that
airborne ZTEM will start shortly; and that we can save money using a
fixed wing airplane method. 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; 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 recent 10-K and the Company’s
other periodic reports filed from time to time with the Securities and
Exchange Commission.
