TUCSON, Ariz. — Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce written Testimony for the Record has been submitted to the US House of Representatives Committee on Natural Resources Subcommittee on Energy and Mineral Resources for the July 23rd hearing on ”American Metals and Mineral Security: An examination of the domestic critical minerals supply and demand chain.”
CEO/Chief Geologist Jim Briscoe’s address to Shareholders “About Rare Earth Elements” (August 7, 2013) is included in the testimony.
Briscoe’s opening remarks are also included in the Testimony for the Record:
“I am founder, CEO and Chief Geologist of Liberty Star Uranium & Metals Corp., an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Last year I addressed the shareholders of the company regarding the urgent and continuously growing need for rare earth elements (REEs) by industry and the military. I submit that communication here today for the subcommittee’s reviews.
Before presenting that communication, I would like to give the Committee some background on what I believe could be a large and reliable source of rare earth elements in southeast Arizona. While more exploratory work is required, my company discovered the presence of at least 4 of the 17 REEs while conducting geochemical surveys for copper and gold in southeast Arizona, near Tombstone, Arizona, in an area we call the Hay Mountain Project.
In May 2012 we reported via news release (NR 122): ”A surprising presence of rare earth elements (REEs) has been defined over a large area (7 to 9 square miles). This was completely unexpected and justifies further study. The REEs we assayed for are among the 17 REEs now known, are strongly anomalous, and are scandium, yttrium, lanthanum, and cerium. The other 13 known REEs were not included in our assay process. In due course we will re-assay the samples for these additional REEs.”
Fully two years after we made our discovery showing that rare earth metals are associated with the alteration pattern of porphyry copper deposits (the type of copper deposits dominant in the USA and most of the world), the Head of the U.S. Geological Survey Natural Resources Program, Dr. Lawrence Meinert, discovered rare earth elements at Bisbee, Arizona, a porphyry copper deposit only 20 miles south of our Hay Mountain Project. In a short professional letter he described his discovery and opined that porphyry copper mineral deposits may become the most important source of REEs: a point with which I agree.
While previously only small insignificant amounts of REEs had been detected throughout the state, this finding in a new area of mineral exploration could introduce high tech and environmentally sensitive mining to southeast Arizona and would include other strategic metals. The Hay Mountain Project will be primarily a copper mine that would also produce gold, silver, molybdenum, zinc, lead and REEs—all strategic metals required for the 21st Century economy and beyond.”