Liberty Star Uranium & Metals Corp. (“Liberty
Star” or the “Company”)
(OTCQB:
LBSR) is pleased to announce that a preliminary review by Chief
Geologist Jim Briscoe and geophysicists from Geotech Ltd (“Geotech”)
finds that there is a profound electromagnetic and magnetic anomaly in
the same area as the main geochemistry anomaly that has so far defined
the Hay Mountain anomaly in southeast Arizona. (NR
127) It is worthy of note that changes in responsive bodies could be
seen to vary from near the surface to a depth of 1,590 meters (5,247
feet) suggesting a complexity often seen in mineral deposits. From
Geotech’s completed report, based on data gathered in July 2013:
Conclusions:
“Based on the geophysical results obtained, a number of interesting
conductive structures were identified across the property. The magnetic
results also contain worthwhile information in support of exploration
targets of interest.”
Recommendations:
“We therefore recommend a more detailed interpretation of the available
geophysical data, including additional 2D or 3D inversion in conjunction
with the geology, prior to ground follow up and drill testing.” Report
on a helicopter-borne Z-Axis Tipper Electromagnetic (ZTEM) and
aeromagnetic geophysical survey
As suggested in Geotech’s report, continuing analysis of the ZTEM is
ongoing in Tucson and Ontario (near Toronto), Canada, while Briscoe
attends naseba China commencing October 13th in Beijing,
China. (NR
159) Geotech will also continue analyzing the data, which could
include addition 2D and 3D modeling. The preliminary and advanced
analyzed ZTEM data will be compared to the geochemical findings to
refine drilling targets for a phased drilling program. Briscoe
concluded, “Geochemistry, electromagnetic, magnetic studies, including
ZTEM, and GIS mapping—this is the way big new ore bodies unseen and
completely hidden under cover rock will be found. I believe the detailed
technical work we are doing at Hay Mountain will prove this.”
“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 our exploration and analysis plans, and our belief that
major mineralization may be present. 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; there may be cost overruns;
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 recent 10-K and the Company’s
other periodic reports filed from time to time with the Securities and
Exchange Commission.
Copyright Business Wire 2013