TUCSON, Ariz.--(BUSINESS WIRE)--Liberty
Star Uranium & Metals Corp. (the ???Company???) (OTCBB: LBSR)??is
pleased to announce that Liberty Star has contracted SRK
Consulting to produce a NI 43-101 style technical report covering
the company???s Walnut Creek Tombstone
Porphyry-Precious Metals Project.
The Walnut Creek Tombstone
Porphyry-Precious Metals??Project??consists of 33 unpatented
federal lode-mining claims over a projected covered porphyry copper
mineral center in Cochise County, Arizona. These geologic data have been
collected and interpreted over several decades starting in 1972 by
Liberty???s President and Registered Professional Geologist James A.
Briscoe. Metals prices now make this project a high priority target of
potentially large size. Based on geologic and geochemical
characteristics as well as similarities to the 25 miles distant Bisbee
porphyry system, significantly high grades of copper, moly, gold,
silver, lead, zinc and other by-product metals are inferred. Liberty
Star???s claims reside within or adjacent to a large volcanic and
intrusive geologic feature known as a??caldera.??These caldera structures
are present throughout southern Arizona, making the region one of the
richest porphyry copper areas in the world. The Tombstone caldera,
identified by Company CEO Briscoe and verified by the US Geological
Survey (USGS), of which these claims are related but outside of the
caldera, also hosts commercially significant gold and silver deposits,
as well as a deep porphyry copper system drilled in 1973.
Members of SRK???s engineering/scientific staff supervised by Qualified
Person and SRK???s Tucson Office Principle Geologist Corolla Hoag, and
geologist Dr. Jan Rasmussen have visited the Company???s Tombstone
property recently. Their information will be combined with the
previously gathered geochemical, geophysical and computer modeling data
and undergo a thorough technical analysis.
Comments Liberty Star???s CEO James Briscoe, ???SRK employs some of the best
scientists in our industry. I am sure their arms-length technical report
will be thorough, complete and professional. Given the terrain and
infrastructure, core drilling can proceed as soon as drill permits have
been obtained, estimated within 60 to 90 days. Drilling in this climatic
zone can be done year-round.???
???James A. Briscoe??? James
A. Briscoe,
President/Director
Liberty Star Uranium &
Metals Corp.
Safe Harbor Statement:
Statements in this news release that are not historical are forward
looking statements. Forward looking statements in this news release
include: that high grades of copper, moly, gold, silver, lead, zinc and
other by product metals are inferred on our property; and core drilling
can proceed as soon as drill permits have been obtained, estimated
within 60 to 90 days. Factors which may delay or prevent these
forward-looking statements from being realized include misinterpretation
of data; the technical report may not recommend further work on the
claims, 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.