TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)(OTCQB:
LBSR) is pleased to announce that it has
submitted an Exploration Plan of Operation (the ???Plan??? or the ???EPO???),
for the State Land component covering the prime anomaly of the Hay
Mountain Project, to the Natural Resources Division - Minerals
Section of the Arizona State Land Department (???ASLD???), as of today???s
date. An approved EPO is required by the State prior to initiating
exploration activities on Arizona State Trust land (the Company???s
Mineral Exploration Permits or MEPs). Plan evaluation and approval may
require 30 to 60 days: the approved EPO remains effective for one year
from date of approval and the Company may request extensions if
required. Liberty Star has proposed a Period of Operation commencing
September 29, 2014. The innovative drilling program proposed by LBSR
could begin after that date if the EPO is effective and adequate funding
is obtained.
Among the ASLD requirements for application of an EPO is a statement of
???Scope of Operation??? that describes ??????the type and extent of the
operation to be performed. Include the estimated area of disturbance and
provide detailed information for any earth moving or site clearance
operations.??? Liberty Star has submitted the following:
???1. Core Drilling and daughter hole drilling for mineral deposits at
depths of up to 5,360 feet (1,643 m) and using deviated
drilling-directional drilling herein described as daughter holes to
drill holes out from the mother holes which will give us information at
up to 200 meters out from the mother hole. This will decrease our
surface drill sites to 41 drill sites, a decrease of 89% by drilling
from the central mother hole.
???2. We will be using a diamond core drill ??? with rubber tracks that put
less pressure on the ground surface (4.8 pounds per square inch) than a
human would in walking over the drill site. Rather than trucking water
off-road to the drill site with very heavy (10 to 16 tons of water per
truck load) we will pipe water to the drill sites as needed for drilling
using unburied UV protected flexible polyethylene pipe which will not
disturb the surface or vegetation to supply a plastic water tank (2,000
gal) at the drill site.
???3. We will use a very recently developed Solids Recovery Unit (SRU)
which uses a centrifuge to clean the drill fluid before pumping it down
into the hole again. This reduces the foot print of the drill site and
negates the use of a traditional mud sump pit. Drill cuttings are
automatically bagged and will be disposed in a land fill after drying.
???4. Personnel will be transported in a rubber tracked side-by-side [a
4WHD mini truck from Polaris] with 4 passenger capacity along with space
for tools and consumables. This also has an impact of less than a human
foot. Normal pickup trucks will only traverse main roads, only pickup
trucks equipped with rubber tracks will travel off main dirt road.???
All vehicles used in the drilling process will be mounted on similar low
weight distribution rubber tracks. No roads will be constructed, nor
surface disturbance made. Routes to the drill sites will be by rubber
tracked vehicle paths and there will be no surface disturbance of soil
or vegetation.
States Liberty Star CEO/Chief Geologist Jim Briscoe: ???The Scope of
Operations statement we have submitted to the ASLD exemplifies our
commitment to being excellent stewards of State Trust lands. The
Exploration Plan is also financially sound because of the efficiencies
we???ve built into the plan including those described above, which we
believe should actually lower the cost of operations. With naseba and
others, we have laid the groundwork for financing, and are in
preliminary discussions with more than 12 entities in various countries
where we have made presentations. We need that financing in place to
proceed with Phase 1 drilling.???
???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 expectation that we will receive approval of our EPO
and the timing of that approval, the anticipated timing of the EPO after
it commences and the availability of extensions if they are required,
our ability to raise funds to pay for the Phase I drilling and our
belief that the EPO is financially sound and that it should actually
lower the cost of operations. Factors which may delay or prevent these
forward-looking statements from being realized include receipt and
timing of EPO approval and delays in financing, the possibility that we
may not be able to raise sufficient funds to complete our intended
exploration or carry on operations and the timing of that financing; and
the possibility that we may be prevented from drilling due to weather,
logistical problems or other field hazards. Despite encouraging results,
there may be no commercial grades of mineralization on our properties.
Readers should refer to the risk disclosures in our recent 10-K and our
other periodic reports filed from time to time with the Securities and
Exchange Commission.
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