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TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)
(LBSR:
OTCBB) is pleased to provide an update of progress for exploration
activity, specifically the geochemical program, on its Hay Mountain
claims targeting copper, molybdenum (moly), gold and other metals. The
nearly 1,800 geochemical samples collected over the Hay Mountain claims (NR
114) were sent to the ALS
Minerals (ALS-Chemex) certified geochemical analysis lab in
Vancouver, British Columbia. ALS is currently producing a stream of
assay results which are being sent to Liberty Star???s Tucson office.
When all of the assays are received, the Liberty Star geology team,
headed by Jim
Briscoe, the Company???s Chief Geologist and CEO, will be able to
generate computer analyses that will allow interpretation of the data
and identify anomalous samples and patterns. The geochemical information
will indicate metal zoning patterns.
The Company plans to carry out ZTEM geophysics later this Spring. As
stated in Liberty Star???s outline of exploration activity at Hay Mountain
(NR
119), ZTEM will yield electromagnetic measurement to a depth of
about 6,000 feet and will give detailed shape information of any
mineralized bodies and their depth. As an added benefit, the ZTEM system
produces detailed magnetic information. This is additive and will more
closely define the details of the existing magnetic anomaly, which
corresponds to geology, alteration, peripheral precious metal veins in
exposed rock and previous geochemistry.
A precisely targeted exploratory drilling plan will be the outcome of
the combined geoscientific exploration procedures described above. This
drill plan will be accomplished after permitting and obtaining a drill
contract.
???James A. Briscoe???
James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
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 the results from the soil geochemical sampling analysis
can be expected in three to six weeks; that we will be able to
generate computer analyses that will allow interpretation of the data
and identify anomalous samples and patterns; that we will undertake a
ZTEM survey, that it will provide shape and magnetic information; and
that a precise drilling program will be the result of the exploration.
Factors which may delay or prevent these forward-looking statements
from being realized include: the failure of our exploration
program to identify targets; we may not be able to raise sufficient
funds to complete our intended exploration or carry on operations; and
an inability to continue exploration due to weather, logistical
problems, labor or equipment problems or hazards even if funds
are available. 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.