TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce that it has received the completed 2D inversion for the 1805 kilometer (1121.58 miles) of the ZTEM survey database for the Hay Mountain overflight area. The 2D inversion data will provide the Company’s geological and geophysical team with data to precisely define promising anomalies and plot targets for subsequent drill testing at the Company’s Hay Mountain Project for porphyry copper, gold, moly (molybdenum), lead, zinc, rare earth elements and other metals.
In May 2013 the Company contracted Geotech Ltd., Ontario, Canada (“Geotech”) to conduct airborne ZTEM surveys over the Hay Mountain area. (NR 151) This electromagnetic/magnetic method can gather continuous data from near the surface to as much as 2 kilometers (about 6,000 feet) below the Earth’s surface to identify geophysical features associated with mineral systems and has proven particularly effective for porphyry copper systems. By October 2013 Geotech had delivered a database for the 1D ZTEM geophysical data for all lines. Their analysis of the Hay Mountain database led to the conclusion that there is a profound electromagnetic and magnetic anomaly in the same area as the main geochemical anomaly that has so far defined the Hay Mountain target in southeast Arizona. (NR 165) It was determined that a 2D inversion of the data would provide better resolution and accuracy of the information. Collaborative interpretation of the 2D data by Liberty Star and Geotech will continue over the next two to three weeks.
Company CEO/Chief Geologist Jim Briscoe summarizes the work so far:
“The 2D database will be included in the NI 43-101 format professional report which is vital to our capital raising efforts. SRK is rapidly approaching completion of the remainder of the report. I spent some 4.5 hours collaborating with the Geotech Chief Geophysicist, looking together at each northeast trending profile going down to about 5,500 feet or more. Because of my intimate and detailed knowledge of the stratigraphy (sedimentary beds) and geologic structure (folds, faults, volcanic features, and mineral features which follow fault structures) and penetrations by earlier drilling in a nearby area down to a few hundred feet, I was able to identify what appear to be profound and unexpected folding over the entire area. We have also identified strong northwest and northeast trending structural alignments that are not visible at the surface. These structural features are the structural alignments that appear in almost every porphyry copper in the Arizona–Sonora, Mexico-New Mexico porphyry copper province. Two of these alignments intersect near or over the geochemical and magnetic anomaly of our Hay Mountain target and form a strong resistivity low. Because the magnitude and complexity of these features were completely unexpected, they demand more interpretation and exact spatial correlation with surface geology, geochemistry and surface structural geology. I need to work closely with Geotech’s Chief Geophysicist to be sure our interpretations are as good as we can make them. Thus far the ZTEM data reinforces the conclusion that the Hay Mountain area hosts a porphyry copper style anomaly (magnetic and electromagnetic) superimposed on what appears to be an extremely complex geologic terrain. This is good news as the host rocks of most porphyry coppers are extremely disrupted. The features we see at Hay Mountain can be directly compared and are along the projection of those exposed in the Old Tombstone mining area. After final interpretation we will need to do final targeting of diamond drill holes and begin the phased drilling program to verify and measure what has thus far been evidenced by our detailed studies to date.”
“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: that a porphyry copper system is indicated; that there are multiple targets and that we will do final targeting and begin phased drilling. Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not be able to get equipment or labor as we need it; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. 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.
