Liberty Star Uranium & Metals Corp. (LBSR: OTCBB) (LBSR: OTCPK) Moves Forward with Hay Mountain Copper Gold Project Plan after Approval by Arizona Officials
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By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 5/22/2016
Liberty Star Uranium & Metals Corp. (LBSR: OTCBB) (LBSR: OTCPK) is an Arizona-based mineral exploration company focused on Arizona, Nevada and Utah, with claims on areas that have been found to be rich in copper, gold, silver molybdenum and uranium. Currently, the company is positioned to move forward with the Hay Mountain multi-target project located in mining-friendly Arizona. Liberty Star has lowered exploration and development costs by using its research facilities to identify quick producing properties to meet market demand for rapid delivery of resources.
 Jim Briscoe, President and CEO of Liberty Star Uranium & Metals (OTCBB: LBSR) took time to
update readers on the progress that the company has made in moving the Hay Mountain copper gold project forward after the approvals gained through the
State of Arizona.
Liberty Star Uranium & Metals focuses on acquiring and exploring a variety of mineral properties in Arizona and the remainder of the southwestern United
States. The company has claims on areas that have been found to be rich in copper, gold, silver molybdenum and uranium. The flagship project for the
company is the Tombstone Super Project. The company said, “The Tombstone Super Project (TSP) hosts Liberty Star’s premiere multi target property: The
Hay Mountain Project. The TSP initially consisted of 33 unpatented federal lode mining claims over a projected covered porphyry copper mineral center in
Cochise County, Arizona. In 2011 and 2012, more USBLM claims and Arizona Mining Exploration Permits were added after Chief Geologist James Briscoe
discovered a large multimodal anomaly over a large covered porphyry copper mineral center within the larger TSP area.”
These mining permits are the ones that the company has just gotten permission to pursue. The Hay Mountain Project itself encompasses a large area and
has undergone formal testing by an outside consulting company, which made specific recommendations. Mr. Briscoe said, “The Hay Mountain Project entails
a 42 square mile area of interest. The entire claim area has undergone formal review by SRK Consulting. SRK produced three separate technical reports
(technical reports per USSEC) which recommended further exploration for copper, gold, moly and other metals.”
In addition to the copper and gold found in the Hay Mountain site, other metals were found as well. These included elements that the company has had
tested. Mr. Briscoe said, “In 2012 geochemical analysis revealed the presence of four of the seventeen rare earth elements. LBSR will undertake
additional sampling and analysis of this surprising finding as soon as possible.”
The report that was submitted by SRK Consulting included information that there are multiple areas in Hay Mountain that should be tested, which was the
reason for the request for additional permits from the State of Arizona. Mr. Briscoe said, “There are as many as ten meaningful targets within the Hay
Mountain Project area with a major anomaly centered on the geochem anomaly reported by Liberty Star previously.”
These anomalies have been found to be as the result of the specific geology of the area. Mr. Briscoe said, “The Hay Mountain Property is mainly
underlain by a thick sequence of Paleozoic,limestone quartzite and siltstones, but potentially hosts buried porphyry copper deposits at structural
intersections and under basin-fill formations. There is additional potential for polymetallic carbonate-hosted replacement deposits, as well as shallow
chalcocite blanket porphyry type deposits and also skarn type porphyry copper deposits.”
These are not the first results that the company has seen on the property, but they are the reason that the team has decided to pursue ZTEM surveys to
better define the area.
Briscoe said, “Previous soil and vegetation geochemical surveys have identified a coincident Au-Pb-Cu anomaly and larger Mo-halo in the center of the
property. The objective of the ZTEM surveys is to identify favorable magnetic and resistivity signatures related to potentially more deeply buried
porphyry copper, CRD/skarn and chalcocite replacement deposits at Hay Mountain. The Magnetic surveys have determined that Hay Mountain hosts a large
dominant magnetic high that lies buried below and intrusive into the Paleozoic sediments and is centered over the Liberty Star geochemical anomaly and
remains open to the south. . . As many as ten electro-magnetic anomalies have been defined.”
With the newly approved permits, the company will be able to move forward with better defining the resource. Mr. Briscoe said, “The approval of the
Exploration Plan of Operation is an important early milestone in what we believe will be the development of another important porphyry copper and
associated metals center in southeast Arizona. This ASLD action is the culmination of four years of hard work and scientific inquiry, which will lead to
more of both in the coming months and years.”
The permits have given the company the ability to move forward as soon as they have acquired the financing needed to complete a new drilling plan. Mr.
Briscoe said, “While we continue to refine the sequence of drilling of the permitted drill holes, we are gratified knowing that we can proceed with
actual drilling as soon as funds are raised. Additionally, we plan to permit drill holes on BLM (US Bureau of Land Management) administered land, which
we believe to be a straight forward process, and positioning drill holes on Patented (Fee Simple) lands, which are also part of the Hay Mountain target.
On that front, we continue to work diligently to fund Phase 1 plans and lay the foundation for ongoing exploration and development work at the Hay
Mountain Project.”
Mr. Briscoe and his team are well prepared to take the Hay Mountain project to the next level. The company said about him, “Briscoe is one of the chief
founders of Liberty Star Uranium & Metals Corp. Mr. Briscoe’s involvement in mineral exploration and discoveries spans over 40 years. He is a
Registered Professional Geologist in the States of California and Arizona since 1969 and 1972 respectively. Credited with expanding porphyry copper ore
reserves at Silver Bell, Arizona and identifying major gold deposits in the Randsburg
District in California, he was also instrumental in the discovery of the large disseminated McDermitt open-pit mercury mine in Nevada. Mr. Briscoe co-discovered and co-owned the Wind Mountain gold-silver mine in Nevada. In Alaska, he identified the Big Chunk caldera
and the copper-gold-moly potential continuation from the Pebble mine and alteration zone which is a twin of the Silver Bell zone in the Silver Bell
caldera, Arizona. Mr. Briscoe was the first geologist to identify the Tombstone Caldera in 1988. Recently, he discovered a significant intrusion
indicating multiple mineral occurrences under the Tombstone Arizona caldera. He has served as either an officer and or director of three other publicly
trading exploration and development companies.”
For more information, visit the company website at http://www.libertystaruranium.com.
Corporate Headquarters:
Liberty Star Uranium & Metals Corp.
5610 E. Sutler Lane
Tucson, AZ 85712
Telephone: 520-425-1433
Email: info@LibertyStarUranium.com
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