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TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)(LBSR:
OTCQB) is pleased to announce CEO, Chief Geologist James A. Briscoe
has received a preliminary activity report from Field Manager Jay
Crawford and the geologic team recapping the 2012 drilling program at
the Company???s Big
Chunk Super Project.
The Field Manager reports that the Nikovena Camp was left in good
condition and the drill hole capped for the 2013 drilling season,
planned to begin May 15, 2013. Other report highlights:
-
Drill equipment and staff performed well in the field. The same
equipment is suitable for next season???s drilling program.
-
Core sample splits are in transit to the Company???s Tucson warehouse
for more detailed examination and logging by Briscoe and the Liberty
Star geologic staff.
-
Photographic and instrument readings indicate the presence of porphyry
copper markers, including broken rock (breccia) through the entire
depth of the hole that has been re-cemented and pervasively
chloritized, with disseminated pyrite, and finely disseminated copper
pyrite (chalcopyrite) and occasional spots of moly (molybdenite). Near
the bottom of the hole, several tens of feet of fluidized pebble dikes
(characteristic of the porphyry copper environment) were cut. Felsic
dikes with copper and moly were also cut.
-
The split core samples will be forwarded within the next 2 to 3 weeks
to the MEG prep lab near Reno, Nevada. After suitable preparation,
including thorough crushing, pulverizing, and homogenization and
splitting out a 200 gram sample, randomization and insertion of
control samples, and blind repeat samples ??? known as quality
assurance/quality control (QA/QC), 200 grams of each sample will be
air shipped to the Certified ALS Assay facility in Vancouver, BC,
Canada for assay for 64 elements. Those results will then be added to
the geologic log of the drill hole. Final conclusions can then be
drawn.
States Company CEO Jim Briscoe: ???The early indications are that we are
seeing a porphyry copper zone. We must drill additional holes adjacent
to or deeper in our first hole to intercept the copper gold zone
associated with this target which is one of between 4 to 12 we have
identified which lie within our claims. A return to the Nikovena Camp
and our south block is planned in May. In the interim we will
concentrate our efforts on our Hay Mountain claims in southeast Arizona.???
???James A. Briscoe??? James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.
About Liberty Star???s 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
southwestern 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 has recently
conducted 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: available on Liberty Star???s web site http://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 the same equipment is suitable for next season???s
drilling program, photographic and instrument readings indicate the
presence of porphyry copper markers, the split core samples will be
forwarded within the next 2 to 3 weeks to the MEG prep lab near Reno,
Nevada, and that the early indications are that we are seeing a porphyry
copper zone. Factors which may delay or prevent these forward-looking
statements from being realized include: 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.