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TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)(LBSR:
OTCQB) announces that its fixed wing ZTEM program (NR
151) has been revised. The new flight area will cover the entire
current Hay Mountain anomaly area and beyond. Liberty Star has forwarded
the required deposit to Geotech.
Should additional funds become available between now and the time of the
ZTEM flight, Liberty Star can contract Geotech Ltd. to fly a larger
contiguous area, including lands hosting additional known geochemical
anomalies. The Company estimates an early July start date or perhaps
sooner; exact scheduling of the over-flight depends on Geotech???s
schedules, logistics and weather considerations.
Hay Mountain permitting update: The Arizona
State Land Department (ASLD) has approved 42 sample locations for
rock chip, soil and vegetation geochemical sampling over Arizona Mineral
Exploration Permits (MEPs) which have not been sampled yet because of
permitting requirements. Other samples will be collected on federal land
where no permits are required. Numerous additional sample locations
await the ASLD???s approval within our current anomalies to provide better
definition of existing anomalies. As soon as these permits are awarded,
Liberty Star will start that sampling.
Prior to drilling on our Arizona State MEPs, the Company is required to
submit a drilling plan of operations and receive required permits from
the ASLD. Federal land does not require a plan of operations before
drilling. In the meantime, Liberty Star is reviewing bids for a first
phase of 5,000 feet of HQ size diamond core drill holes. After analysis
of the ZTEM data, five to 10 holes will be plotted and drilled to a
depth estimated to be 500 to 1,000 feet, as a first test of the large
geochem anomaly.
???James A. Briscoe??? James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.
Forward Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include our exploration plans, that ZTEM will be flown over the
entire Hay Mountain anomaly area; that ZTEM will be flown in early July;
that additional rock and soil sampling will be done; that sampling will
lead to better information about existing anomalies; and that five to
ten holes will be plotted and drilled to a depth estimated to be 500 to
1,000 feet. 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; there may be cost overruns;
misinterpretation of data is possible; and we may be unable to continue
exploration due to permitting requirements, 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.