TUCSON, Ariz.--(BUSINESS WIRE)--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.
