TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)
(OTCQB:
LBSR) is pleased to announce that it has
received the completed 2D inversion for the 1805 kilometer (1121.58
miles) of the ZTEM??survey??database
for the Hay
Mountain overflight area.??The 2D inversion data will provide the
Company???s geological and geophysical team with data to precisely define
promising anomalies and plot targets for subsequent drill testing at the
Company???s Hay Mountain Project for porphyry copper, gold, moly
(molybdenum), lead, zinc, rare earth elements and other metals.
In May 2013 the Company contracted Geotech Ltd., Ontario, Canada (???Geotech???)
to conduct airborne ZTEM surveys over the Hay Mountain area. (NR
151) This electromagnetic/magnetic method can gather continuous data
from near the surface to as much as 2 kilometers (about 6,000 feet)
below the Earth???s surface to identify geophysical features associated
with mineral systems and has proven particularly effective for porphyry
copper systems. By October 2013 Geotech had delivered a database for the
1D ZTEM geophysical data for all lines. Their analysis of the Hay
Mountain database led to the conclusion that there is a profound
electromagnetic and magnetic anomaly in the same area as the main
geochemical anomaly that has so far defined the Hay Mountain target in
southeast Arizona. (NR
165) It was determined that a 2D inversion of the data would provide
better resolution and accuracy of the information. Collaborative
interpretation of the 2D data by Liberty Star and Geotech will continue
over the next two to three weeks.
Company CEO/Chief Geologist Jim Briscoe summarizes the work so far:
???The 2D database will be included in the NI 43-101 format professional
report which is vital to our capital raising efforts. SRK is rapidly
approaching completion of the remainder of the report. I spent some 4.5
hours collaborating with the Geotech Chief Geophysicist, looking
together at each northeast trending profile going down to about 5,500
feet or more. Because of my intimate and detailed knowledge of the
stratigraphy (sedimentary beds) and geologic structure (folds, faults,
volcanic features, and mineral features which follow fault structures)
and penetrations by earlier drilling in a nearby area down to a few
hundred feet, I was able to identify what appear to be profound and
unexpected folding over the entire area. We have also identified strong
northwest and northeast trending structural alignments that are not
visible at the surface. These structural features are the structural
alignments that appear in almost every porphyry copper in the
Arizona???Sonora, Mexico-New Mexico porphyry copper province. Two of these
alignments intersect near or over the geochemical and magnetic anomaly
of our Hay Mountain target and form a strong resistivity low. Because
the magnitude and complexity of these features were completely
unexpected, they demand more interpretation and exact spatial
correlation with surface geology, geochemistry and surface structural
geology. I need to work closely with Geotech???s Chief Geophysicist to be
sure our interpretations are as good as we can make them. Thus far the
ZTEM data reinforces the conclusion that the Hay Mountain area hosts a
porphyry copper style anomaly (magnetic and electromagnetic)
superimposed on what appears to be an extremely complex geologic
terrain. This is good news as the host rocks of most porphyry coppers
are extremely disrupted. The features we see at Hay Mountain can be
directly compared and are along the projection of those exposed in the
Old Tombstone mining area. After final interpretation we will need to do
final targeting of diamond drill holes and begin the phased drilling
program to verify and measure what has thus far been evidenced by our
detailed studies to date.???
???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: that a porphyry copper system is indicated; that there are
multiple targets and that we will do final targeting and begin phased
drilling. Factors which may delay or prevent these forward-looking
statements from being realized include misinterpretation of data; we may
not be able to get equipment or labor as we need it; we may not be able
to raise sufficient funds to complete our intended exploration or carry
on operations; that weather, logistical problems or hazards may prevent
us from exploration; that equipment may not work as well as expected;
that analysis of data may not be possible accurately and at depth; and
that despite encouraging data there may be no commercially exploitable
mineralization on our properties. Readers should refer to the risk
disclosures outlined in the Company???s recent 10-KSB and the Company???s
other periodic reports filed from time to time with the Securities and
Exchange Commission.