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TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)(LBSR:
OTCQB) is pleased to announce the Company has received word from the
field that drilling has progressed to about 500 feet at target #1 (of
12), drill hole #1 on the Big
Chunk Super Project, south block. The target for this hole is a
depth of 1,650 feet (500 meters) where ZTEM data shows a profound
resistivity??(sulfide?) low which may equate to a porphyry copper center.
Field Geologist Gregory McGilvray reports that the Liberty Star drillers
have intersected black altered sedimentary-volcanic rock commonly known
as ???hornfels.???
This rock has disseminated iron sulfide (pyrite) in it.
The drilling has been rapid. The geologic crew is still catching up with
the logging, which includes recording data with the digital data logger,
high resolution photography, scanning by a XRF analyzer, a magnetic and
electronic susceptibility meter, and ultra violet light. All data will
be recorded on the Big Chunk field camp computer server and then
transmitted by a satellite uplink to the Internet, and batch transmitted
and captured on the Tucson office server for distribution and analysis
by the appropriate experts on our Technical Advisory Board, as well as
Chief Geologist Jim Briscoe and other specialists when needed. Core
cutting and assay procedures have been discussed in News
Release 133, August 6, 2012.
???James A. Briscoe??? James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.
About the Big
Chunk Super Project:
Liberty Star, through its wholly owned Alaska subsidiary, Big Chunk
Corp., holds exclusive mineral exploration rights to 612 state mining
claims in two blocks covering approximately 177 square miles in
southeastern Alaska. The Big Chunk claims were initially staked in 2003
along the Big Chunk caldera, which is believed to host Northern Dynasty
Minerals???/Anglo American???s Pebble project. Liberty Star is currently
conducting exploratory drilling on specific targets for porphyry copper,
gold, molybdenum (moly), silver and zinc. SRK Consulting submitted a NI
43-101 compliant technical report on the Big Chunk Super Project in
2010. It is available on Liberty Star???s web site www.libertystaruranium.com.
Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include ZTEM data shows a profound resistivity??(sulfide?) low
which may equate to a porphyry copper center. 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,
keep our properties 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. 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.