Liberty Star Uranium & Metals Corp. (LBSR: OTCQB) is an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Currently the company controls properties totaling approximately 83,177 acres (about 130 square miles) which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
The Tombstone Super Project (TSP) hosts Liberty Star’s premiere multi target property: Hay Mountain. 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. Currently, the TSP entails 14.67 square miles of claimed lands with Hay Mountain covering 13.45 square miles of the claim area. The entire claim area has undergone formal review by SRK Consulting. SRK produced three separate NI 43-101 compliant technical reports (technical reports per USSEC) which recommended further exploration for copper, gold, moly and other metals. 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 Company maintains claims on two other claim blocks in Arizona: The East Silver Bell Porphyry Copper Project is within the Silver Bell Mining District located northwest of Tucson, Arizona. Liberty Star’s North Pipes Super Project comprises 417 standard Federal lode mining claims covering over 38,000 acres in numerous blocks targeting breccia pipe hosted uranium deposits. The breccia pipes are part of the large uranium bearing breccia pipe terrain which occurs on the Arizona Strip lying just south of the Utah border.
East Silver Bell Porphyry Copper Project is within the Silver Bell Mining District located northwest of Tucson, Arizona. Asarco Mining LLC with joint venture partner Mitsui Mining of Japan currently operates open pit copper mines in the area. Asarco has a solvent extraction (SXEW) plant approximately 4 1/2 miles to the west of the East Silver Bell Project property line. Liberty Star’s property, within the same mining district, includes 26 unpatented lode mining claims covering a previously unrecognized porphyry copper center. Two mining companies had some interest in the area during the late 1990s but relinquished the ground despite revealing enriched copper in one hole and substantial amounts of leached capping in all other holes, an indicator for porphyry copper deposits. Stagnant copper prices contributed to the abandonment of the ground prior to the identification of any ore body. The claims currently are within the Ironwood National Monument, which was established after the claims were staked.
Through our wholly owned subsidiary, Big Chunk Corp., Liberty Star holds claims to the Big Chunk Super Project (BCSP), covering approximately 101 square miles in southwestern Alaska, targeting copper, gold and molybdenum. The Big Chunk lands are within nine miles the Pebble property, which promises to be among the richest mining districts in the world for copper, gold and moly for decades to come. NI 43- 101 compliant technical report produced by SRK Consulting, December, 2010.