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TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)
(LBSR:
OTCQB) is pleased to announce 2012/2013 yearly rental fees for the North
Pipes Super Project in northwestern Arizona, East
Silver Bell Porphyry Copper Project and federal claim blocks of the Tombstone
Super Project in southeastern Arizona have been paid to the United
States Bureau of Land Management from the Company???s operating funds
account.
The North
Pipes Super Project on the Arizona Strip (Mohave County, Arizona)
consists of 356 federal lode mining claims in numerous target zones or
???breccia pipes??? believed to host uranium and other metals. According to
the U.S. Geological Survey, the breccia pipes in this region are of high
grade compared to sediment hosted roll front deposits mined throughout
the western United States, with an estimated potential average grade for
ore bearing pipes at about 0.7% to 0.8% uranium, which makes them the
second highest average grade uranium deposits in the world. Several
primary targets have been identified and are drill ready.
The East
Silver Bell Porphyry Copper Project exploration stage site includes
26 unpatented federal lode mining claims within the Silver Bell Mining
District located 40 miles northwest of Tucson, Arizona. The property
immediately abuts the patented claims of Asarco Mining LLC with mining
partner Mitsui Mining of Japan. Asarco has a solvent extraction
electrowinning (SXEW) plant approximately 4 1/2 miles to the west of the
East Silver Bell Project property line.
The Hay Mountain block of the Tombstone
Super Project (Cochise County, Arizona) consists of 57 unpatented
federal lode mining claims in addition to Arizona State land leases
(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 State leases (MEPs). This land
position covers geologically, geophysically, geochemically indicated
completely covered porphyry copper-moly-silver-gold, and rare earth
element (REE) 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. The Tombstone
Super Project???s Walnut Creek claim block has been enlarged by the
staking of an additional nine claims, for a total of 42 unpatented
federal lode mining claims.
Liberty Star will continue to refine plans for drilling these various
target areas, with Hay Mountain in initial process of permitting drill
hole locations.
???James A. Briscoe??? James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.