Agoracom Blog Home

Posts Tagged ‘copper’

« Older Entries
Newer Entries »

Garibaldi adds Golden Bear claims to Grizzly

Posted by AGORACOM-JC at 4:59 PM on Friday, June 5th, 2015

  • Announced the acquisition of the Golden Bear claims comprising 14 sq. km adjacent to the southern border of the Company’s B.C. flagship Grizzly Project in the Sheslay district.
  • Claims feature significant historic copper-gold showings including a massive sulphide bearing vein discovered by Chevron Minerals and North American Metals

TSXV: GGI
OTC: GGIFF 
Frankfurt: RQM

VANCOUVER, June 5, 2015 – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce the acquisition of the Golden Bear claims comprising 14 sq. km adjacent to the southern border of the Company’s B.C. flagship Grizzly Project in the Sheslay district.

These claims feature significant historic copper-gold showings including a massive sulphide bearing vein discovered by Chevron Minerals and North American Metals during construction of the Golden Bear mine road in 1988 (the road extends across the claims).

Garibaldi President and CEO Steve Regoci commented: “We’ve made this acquisition based on our growing understanding of the scale of the Grizzly system, not only west to east but north to south. What’s intriguing about the Golden Bear claims is the historic high-grade Wolverine gold showing, the extensive gold and copper-in-soil anomalies, and the fact that this promising area has never been drill-tested. These claims are very complementary to our ongoing exploration program at the Grizzly and they’ve been acquired at an opportunistic time in the market cycle.”

Under the terms of the arms-length agreement (dated May 11, 2015) for the Golden Bear claims, which expands the Grizzly to 286 sq. km, Garibaldi will issue 150,000 shares in exchange for a 100% interest subject only to a 2% NSR in favor of the vendor, half of which Garibaldi can buy back for $1 million CDN.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”

Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.

GARIBALDI RESOURCES CORP., 1150 – 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851 Web Site: GaribaldiResources.comCopyright CNW Group 2015

Tags: , , , , , , ,
Posted in Garibaldi Resources | Comments Off on Garibaldi adds Golden Bear claims to Grizzly

Liberty Star CEO/Chief Geologist Briscoe Updates Manila, Philippines Hay Mountain Project Presentation

Posted by AGORACOM-JC at 12:45 PM on Tuesday, March 17th, 2015

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce a very positive response to the meeting and presentation of the Company’s wholly owned Hay Mountain Project by Liberty Star President James A. Briscoe and Director Brett Gross in Manila, Philippines. Mr. Briscoe offers his assessment of the presentation and meeting conducted March 2-3 in Manila:

“We presented the Hay Mountain Project in great detail to a group of 16 long experienced mining professionals and potential investors in downtown Manila, Philippines on Monday. The response was very positive to both the geologic details and the business proposition presented by Director Gross. The company has been in almost constant communication since the presentation, and we believe substantial and important progress is being made toward financing of Phase 1, which will then lead to Phase 2 in the following year.

“Preparation for the meeting took place on Sunday, March 1, 2015, as some of the participants arrived a day early and were staying at the same hotel we were presenting in. The prerequisite to attend the meeting was signing a binding legal non-disclosure and non-compete (ND/NC) agreement. This task had been completed by several of the early attendees, so they were able to partake in generalities about Hay Mountain. The following morning work started at 7 a.m. in obtaining signatures from the rest of the attendees, several of whom had traveled great distances to attend. Once all the ND/NC documents were signed, the meeting started on time at 9 a.m.

“I presented first, reviewing detailed geologic, geochemical, geophysical details and interpretation of the detailed and various studies that have been conducted over the last four years. At the end of about 2.5 hours, we took a short break and then Brett Gross presented the business plan, and ongoing questions and comments were answered and discussed, on both presentations.

“Significant interest continues after the Manila meeting. Four mining experts are expected to travel to Tucson, where a thorough tour will be arranged, which will take an expected three to four days, to examine local large mines that are similar to what is expected at depth at Hay Mountain. The tour will be conducted as soon as travel visas can be arranged. We believe that because of their background they will be as impressed with the potential as we are. Of course success cannot be assured, but this a very strong starting point.

“Other interested parties of significant stature are currently discussing a starting point, which is our stringent ND/NC document. We hope that we can continue meaningful negotiations with them as well.

“Considering the low point in the copper cycle, it is encouraging that we are getting such substantial response, and I look forward to the potential that Phase 1 will be financed soon.”

“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 the meetings in Manila, Philippines were substantial and that important progress is being made toward financing of Phase 1, which will then lead to Phase 2 in the following year. Factors which may delay or prevent these forward-looking statements from being realized include: our inability to agree with a potential investor on terms of their participation in the Hay Mountain Project or any project; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; an inability to continue exploration due to weather, logistical problems or hazards even if funds are available. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter@LibertyStarLBSR

Tags: , , , , , , ,
Posted in Liberty Star Uranium and Metals | Comments Off on Liberty Star CEO/Chief Geologist Briscoe Updates Manila, Philippines Hay Mountain Project Presentation

Garibaldi signs LOI to send La Patilla mill feed to Gainey Capital’s processing facility

Posted by AGORACOM-JC at 4:28 PM on Wednesday, February 25th, 2015

TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

VANCOUVER, Feb. 25, 2015 – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to announce that it has signed a Letter of Intent (“LOI”) with Gainey Capital Corp. (TSX.V: GNC) to initiate an immediate program to deliver mineralized material from the Company’s La Patilla Gold Property in Sinaloa State, Mexico, to Gainey’s 300 tpd processing facility just 40 miles to the southeast.

This LOI marks another important step for Garibaldi at La Patilla where the Company’s strategic plan since acquiring this asset in 2013 has been to move to the exploitation stage as quickly as possible to generate cash flow.

Artisanal miners have been active at La Patilla for decades, the Company has negotiated a long-term agreement with the local community to allow for exploitation at this property, and a highly successful drill program in early 2014 confirmed the presence of near-surface mineralization including 8.5 g/t Au over 10.4 meters within a broader interval of 3.1 g/t Au over 30 meters in diamond drill hole LP-14. La Patilla is considered very prospective for high-grade “shoots”.

Garibaldi and Gainey will use this LOI as a framework for a potential long-term revenue sharing agreement between the two companies. In addition, the processing of mineralized material from La Patilla will provide Garibaldi with important additional metallurgical and grade information to further assess the exploitative potential of this asset. Preliminary La Patilla metallurgical testing by Garibaldi has produced encouraging results.

“Our team in Mexico was very impressed with Gainey’s state-of-the-art gravimetric/flotation processing center,” commented Steve Regoci, Garibaldi President and CEO. “This should be an excellent fit for advancing La Patilla which importantly is located just a short distance away.”

Investors are cautioned that the planned processing of mineralized material from La Patilla is not based on a National Instrument 43-101 mineral resource or reserve estimate, preliminary economic assessment, prefeasibility study or feasibility study. As a result, there is no assurance that Garibaldi will be able to economically extract mineralization from La Patilla.

Rodadero Update

Garibaldi eagerly anticipates updating shareholders with regard to the latest exploration developments including assay results from ongoing work at Rodadero, its Mexican flagship project, during the week of March 2, 2015.

Recent corporate developments, including a Rodadero site visit by a second leading producer, and the recently announced bid for Paramount Gold and Silver Corp. by Coeur Mining Inc., have required management to weigh competing strategies to ensure maximum value for shareholders.

Garibaldi values and appreciates its shareholders’ loyalty and patience as the Company continues to work toward a breakthrough year in both Mexico and British Columbia.

Garibaldi at PDAC

Garibaldi invites shareholders and interested investors to visit the Company’s booth (#3153) and meet with management at PDAC, Sunday, March 1 through Wednesday, March 4, at the Toronto Convention Centre. Drill core from Rodadero will be on display.

Qualified Person

Dr. Craig Gibson, Certified professional Geologist and a director of Garibaldi is a non-arms-length Qualified Person for the Company’s Mexico projects and a direct manager of the technical programs operated under contract by Prospeccion Y Desorrollo Minera del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the content thereof.

About Garibaldi

Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

We seek safe harbor.

GARIBALDI RESOURCES CORP.

Per: “Steve Regoci”
Steve Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

SOURCE Garibaldi Resources Corp.

GARIBALDI RESOURCES CORP., 1150 – 409 Granville Street, Vancouver, BC V6C 1T2, Telephone: (604) 488-8851, Web Site: GaribaldiResources.comCopyright CNW Group 2015

Tags: , , , , , , ,
Posted in Garibaldi Resources | Comments Off on Garibaldi signs LOI to send La Patilla mill feed to Gainey Capital’s processing facility

Hay Mountain Project Update: Added Targets, New Discoveries, and Innovative In-Hole Assay Done While the Drill Turns

Posted by AGORACOM-JC at 10:41 AM on Tuesday, February 24th, 2015

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce that three technical breakthroughs have occurred at the Hay Mountain Project over the last three months. These are:

1. Additional targets

2. The potential for leachable oxide copper bodies

3. The ability to separate diamond core drill cuttings using a centrifuge so that cuttings can be separated into samples corresponding to drill core intervals or fractions of those intervals at any depth desired as the drill turns without waiting for the core to be removed from the hole. Then x-ray fluoresce analyzers will be used to analyze these samples for an approximate assay in the field as the drill turns.

Liberty Star’s CEO/Chief Geologist elaborates point by point:

1. “Working with geologist Dr. S. Skirvin using geologic information systems (GIS) mapping tools, we clarified the geophysical relationships so that the geophysical data (ZTEM- electromagnetics and magnetics) for the Hay Mountain Project area could be related to culture on topographic maps, and recently produced high resolution space imagery, leading to the detection of significant number of additional targets

2. “We have also evaluated the surrounding copper and precious metal mines including Arizona’s Tombstone, Bisbee (historic and future Cochise ore body), Johnson Camp, I-10 Porphyry Gunnison- Excelsior, Safford, Morenci, Rosemont, Florence, Twin Buttes: New Mexico’s Tyrone mine, Mexico’s La Caridad, and Cananea, and many others, which all have oxide copper recovery units (Solvent Extraction-Electrowinning plants (SX-EW plants)). Most porphyry copper deposits in the southwest USA, Mexico, Latin America and other geologically similar areas have a green and black copper oxide cap or periphery as a result of their oxidizing history details dependent on rock type and other factors. Hay Mountain is easily compared to Bisbee, Nord Resources Corporation’s Johnson Camp and the Gunnison Copper Project (Excelsior Mining Corp), nearby where the same package of layered altered and mineralized rocks exists, as does a profound magnetic anomaly (Gunnison and Hay Mountain and others). Gunnison has disseminated oxides that can be treated by in situ (Latin: in place) leaching. Excelsior has done extensive testing and design of a proposed in situ leach operation that suggests an internal rate of return of about 45% and a payback in 2.5 years using a projected $2.75 copper price. (Pg. 246 Gunnison Copper Project: NI 43-101 Technical Report Prefeasibility Study). We have encountered more shallow outcrops containing green and what appears to be black copper oxide at Hay Mountain. Also, the horizontal tops of the recorded magnetic signals suggest the top of an oxide zone that compels us to consider that a large, near surface body of oxide copper may be located above the large sulfide targets which are more easily detected by ZTEM (electromagnetic, and magnetic) geophysics. The same host rock sediments are present at Johnson Camp, Gunnison, Bisbee and Hay Mountain. These rocks can be selectively mined using a Vermeer Terrain Leveler, resulting in lower cost mining and ore grade selection than standard methods of open pit mining. I have already had tests run at the Vermeer laboratories on ore material of each of the various sedimentary copper bearing units at Johnson Camp to see if the Vermeer can cut these altered and mineralized sediments. The results demonstrate that the Vermeer machinery can readily cut these units. Contacts between low and high grade can be followed to within 6 inches horizontal and a couple of inches vertically. Fragmentation achieved by the Vermeer concentrates on the ore bearing interstices of the host rock, thus maximizing the proportion of exposed surface area of the fragmented material that is ore bearing. This feature yields materials that may be much more available for solvent dissolution than conventionally crushed ore. The cut can be adjusted to get the optimum fragment size for heap leaching: all of this without using drilling or blasting. Thus, if we intersect significant amounts of leachable oxide copper mineralization at a shallow depth, which, as stated above, all surrounding porphyry copper mines have, we will immediately go into an evaluation mode. Nothing is definite until drills define such an oxide mineral body, but these types of deposits could go into production at a low cost, and quickly: in the range of 4 years (See pg. 249 Excelsior’s 43-101). The mining method at Hay Mountain could be open pit, heap leach or in situ like that planned at the Gunnison Copper Project.

3. “We will be using some advanced equipment in the drilling program which will make Phase 1 drilling proceed faster, more controlled, accomplished more accurately, and data gathered very quickly. This will be a Solids Removal Unit (SRU), developed by an Australian company and sold in the USA (see http://www.amcmud.com/en/products-range/equipment-rental/product-data-sheets.html).

i. This device uses a centrifuge to remove drill cuttings from the mud circulation that cools the diamond bit and carries cuttings to the surface.

ii. The SRU removes +99% of drill cuttings from the mud and then circulates the cleaned mud back down the hole.

iii. The cuttings are ejected from the SRU where they can be bagged and disposed of.

iv. This give us the opportunity to sample the drill cuttings at any interval we choose – say 2.5, 5, 7.5 or 10 feet – or all of those intervals through the length of the drill hole or whatever intervals are desired to determine what the diamond drill is cutting even before the core is extracted, by “assaying” using a modern XRF (X-Ray fluorescence) unit:www.niton.com either a hand held “gun” or a more powerful bench or pick-up tail gate style unit. While an XRF is not a true “assay” used for exact grade determination for ore calculations it is sufficient for the onsite geologist to determine whether the gross metals content is going up, down or remaining the same. This information can be transmitted by computer to the Internet so all senior management personnel can review the data if it is critical. Standard drill core assays by a certified lab will still be undertaken following standard procedures which can only be done that involve a carefully monitored and controlled half sample split of the drill core, prepared in a very clean sample prep lab, and sent under chain of custody control to a certified lab, which we will also do. However XRF is sufficient for the onsite geologist to determine whether the gross metals content is going up, down or remaining the same. This droll mud sampling methodology (but without the use of the SRU) was reported by D.K.F. McLachlan, in Mckinstry,H.E. – Mining Geology 1948 in the days when diamond drilling was young and the diamond drill core bit tended to grind up core that was soft, where the mineralized intervals were encountered. It is still a valid technique when combined with the SRU.

“The SRU also meets the requirements of the Arizona State Land Department permits that require collection of drill cuttings and disposal in permitted land fill.

All of this new data and our innovative techniques, as well many other details will be used in the presentation in Manila, Philippines March 2-3, 2015 by Director Brett Gross and myself during a full day presentation to potential investors and mining professionals.”

“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 all our planned drilling program, planned methodology and our planned use of equipment, partners or funding sources, including without limitation our plan to commence Phase 1 drilling at Hay Mountain and define an economic body of mineralization there; that geological conditions may allow for an in situ leaching operation, or open pit heap leaching; that discovery of such a leachable ore body, similar those enumerated above, could result in a 4 year time line to production. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR

Tags: , , , , , , , , ,
Posted in Liberty Star Uranium and Metals | Comments Off on Hay Mountain Project Update: Added Targets, New Discoveries, and Innovative In-Hole Assay Done While the Drill Turns

Liberty Star Announces Statement by CEO/Chief Geologist James A. Briscoe and Update in Travel Plans

Posted by AGORACOM-JC at 9:26 AM on Wednesday, February 18th, 2015

TUCSON, Ariz., Feb 18, 2015 — Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR), which holds 100% interests in the Company’s premier exploration property for porphyry copper, gold and associated commercial metals, The Hay Mountain Project (southeast Arizona – Cochise County), is pleased to announce a shareholder update and comments from the CEO. Additionally, new travel arrangements have been set: Mr. Briscoe and Director Brett Gross depart for Manila, Philippines, February 26th to meet a group of mining professionals introduced to the Company by a long-time Liberty Star shareholder, mining engineer and investor, in an all-day meeting on Monday, March 2, 2015. The pair plan to make multiple in-depth presentations to an audience of potential investors that have signed binding non-compete/non-disclosure agreements. The naseba roadshow announced in NR 193 has been postponed.

James A. Briscoe, Chairman, CEO and Chief Geologist, offers the following update and comments:

“At this time I feel it is important to reaffirm our goals for the Hay Mountain Project and the company at large. The financing of our yearlong Phase 1 drilling program at our Hay Mountain Project remains priority one. I plan to travel to Manila, Philippines, to meet sophisticated potential investors with this goal in mind. We were scheduled to travel to the Middle East for a roadshow sponsored by naseba/Naru Capital, but events there and ensuing turmoil have intervened and I and the board of directors have decided that I should not travel to the area until security issues have been resolved. I have arranged with Naru/naseba to undertake teleconference meetings with appropriate candidates from the Middle East area for now. While Hong Kong was on the agenda and is a good venue, we will have to put it off until more contacts have been made.

“Let me go over some of the financial realities we are operating under right now that have impacted the Company. Natural resource prices have hit multiyear lows which have turned investment not only away from our efforts, but the industry at large. I invite you to look at the stock trading charts of any exploration or mining company and you will see red ink everywhere. I believe this will not last long term and that copper and gold prices must go up: if not immediately, the trend must return to conform to the global demand for resources that is widely acknowledged. While I am in no position to take responsibility for this mega-trend knowledge, I do intend to capitalize on it for shareholders when negotiating with potential investors in Hay Mountain. Right now the cost of exploration is depressed: it will be a sage partner who will enter the market at its very lowest and understands the adage ‘buy low, sell high’ and understands the supercycle for metal prices, especially copper (see Don’t Get Hung Up on Short-term Copper Prices: Lawrence Roulston, Jan 22, 2015).

“I also want to address questions that have come to my attention:

“Question 1: Is a reverse split under consideration? I am not considering this option at this time. Even if I did decide to reverse split because of a new regulatory requirement or other unforeseen reason, I would first seek approval of the shareholders to increase the authorized capital, and there would be prior notice through our filings with the SEC. When we progress to the drilling stage and as the copper price rises, as it always does and will again, I believe our fortunes will rise as well, and a rollback will have seemed inconsequential.

“Question 2: Am I considering changing the Phase 1 drilling program to drilling a couple of mother holes soon, using Liberty’s funds, rather than waiting for a JV? No, I think that is not a good idea for the Company and its shareholders. My thinking stems from my experience and the history of exploration in the area. I’ve been involved in porphyry copper exploration and mining for 50 years. It was my good fortune to have worked directly for two of the world’s great ore finders and lifelong business partners, ASARCO geologists Kenyon Richard, and James Harold Courtright, respectively VP Exploration and Chief Geologist. I’ve spent many hours and days with these two mentors, who took time to review the exploration histories of the discovery of Silverbell, the Mission Mine (both in Pima County, Arizona), and many others in Arizona, Nevada, Canada, southern Peru, Mexico, the Mother Lode gold belt, California and the Mesquite and Cargo Muchacho gold mines in southeast California. I spent two intensive years working in the Silverbell mine under them where I extended and expanded the seven-year-long drill program which had about ‘six weeks’ to go on my arrival to an additional 4 years with additional drill rigs. I found with this intimate contact with a classic operating open pit porphyry copper mine that even a porphyry copper can have dead spots in it. In a study I personally set up, I determined that if Silverbell had been completely covered and had only an IP (induced polarization study and anomaly: the primary geophysical tool at the time) it would have required 21 holes spaced on a 1,000 foot grid, to be sure that one intersected ore grade material.

“To hope that ‘a hole or two’ would intersect ore is a sure road to a ‘gambler’s ruin’ and would never have been allowed under the Richard and Courtright team management. Note it took them 27 holes into the Mission target before ore grade material was cut by the diamond drills, resulting in the massive Mission Mine that has now been operating 50 years with at least 30 years left. Liberty Star will continue to pursue our careful plan that will result in a thorough and professional test of the world-class anomaly at the Hay Mountain Target 1. Remember, the Hay Mountain target is projected to be a mega multiyear exploration, development and mining project. The dimension of the geochemical and geophysical response is 4 miles long by 2 miles wide, a permissible size to contain a ‘World Class’ very large mineral deposit. The only way to determine where the hot spots are is to drill diamond drill holes to test for mineralization while confirming and honing our geophysics, geology, and geochemistry knowledge. Rather than making Phase 1 small and desperate, careful analysis sees the project expanding the possible number of viable targets and the funding requirements. One of the key attributes of Phase 1 is its economic practicality: that would be completely destroyed if a drilling rig was employed to only drill two holes because the drill and all of its men and equipment is expensive to mobilize and demobilize. Also ore grade mineralization might be missed entirely.

“Raising money is very hard in the current economic circumstances, but given recent interest the Hay Mountain Project has generated, certainly possible.

“We have serious interest from experienced mining professionals that also possess the financial means to invest in Hay Mountain and will also participate in the conceptualizing of operations there. The invitation to present in Manila came from Mr. Tomas Malihan, CEO & President of Oremet Corp., Mr. Angelito Doria, VP Civic Corp., and Mr. Alfonso Doria, Philippine mining engineer and longtime supporter and major Liberty Star shareholder. Mr. Alfonso Doria completed a 3 day trip with me to southeast Arizona copper mines surrounding Hay Mountain and then Hay Mountain, examining surface outcrops, and technical documents concerning the Hay Mountain Project. He was duly impressed with the thoroughness of the approach and indications of the presence of a large but covered metal source resulting in geochemical, alteration and geophysical indications. His report of his evaluation resulted in the above-mentioned invitation to present in Manila. In an all-day meeting at a major hotel in downtown Manila between 10 and 20 mining professionals, including mining representatives from the Philippines, China, and India, will listen to me and Mr. Brett Gross, Mining Engineer, Attorney and Liberty Star Director. I will speak extensively about the geology, geochemistry and geophysics of Hay Mountain and why they indicate a mineral body at depth. Mr. Gross will present an innovative and financially attractive proposal to them for funding Hay Mountain, Phase 1 and beyond. There will be time for detailed information transfer as well a question and answer session.

“Multiple copper and precious metal mines are underway in southern Arizona, primarily funded by Canadian junior to intermediate companies. We have now been contacted, regarding interest in Hay Mountain, by three major international mining companies that are among the world’s largest. This is indicative of the perceived quality of the Hay Mountain Project. We hope these expressions of interest generate visits to the Hay Mountain area, continued due diligence by multiple parties and the eventual signing of a joint venture agreement. This is not a quick process to undertake a large project, but it is a beginning. We are optimistic that even during this period of low metal prices we are generating genuine interest and feel optimistic that a deal or deals will be struck on Hay Mountain.”

“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 entire planned drilling program; that mineral prices will rebound; and our planned route to access partners or funding sources. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; mineral prices may not rebound in time for us to keep our properties; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20150218005211r1&sid=cmtx6&distro=nx&lang=en

SOURCE: Liberty Star Uranium & Metals Corp.

CONTACT:

Agoracom Investor Relations [email protected] http://agoracom.com/ir/libertystar or Liberty Star Uranium & Metals Corp. Tracy Myers, 520-425-1433 Investor Relations [email protected] Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter@LibertyStarLBSR

Tags: , , , , ,
Posted in Liberty Star Uranium and Metals | Comments Off on Liberty Star Announces Statement by CEO/Chief Geologist James A. Briscoe and Update in Travel Plans

Additional Encouraging Results from the Julie Nickel-Copper Discovery; 1.82% Nickel Over 11.64 Metres Channel Intersection

Posted by AGORACOM-JC at 3:15 PM on Monday, January 26th, 2015

Baie-Comeau, Quebec / January 26, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) is pleased to announce today that a new series of results increased the size and grades of the previously reported mineralized T1 Zone, as well as additional positive results from the T2 Zone from its wholly owned Julie Nickel-Copper project on the Quebec North Shore.

Results from T1 Zone

The initial discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters was reported on December 29, 2014. New results from the Channel #1 on the T1 Zone extend the length of the intersection an additional 3.15 meters grading 2.14% Nickel, 0.33% Copper and 0.04% Cobalt. These compiled results are highlighted in the table below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Channel 1Including new result

Including already reported*

 08.490 11.6411.64

8.49

 11.643.15

1.71

 1.822.14

0.27

 0.290.33

0.27

 0.040.04

0.03

* Reported channel sections are not true widths there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel cut was located at N49? 57.463′ W69? 27.045′

Zone T1 is an area measuring 70 metres by 56 metres. The ultramafic intrusive suite that hosts the new discovery can be traced along a magnetic conductor identified in 2011, which runs for approximately 13 kilometres in a WSW to ENE trend.

Results from T2 Zone

The T2 Zone is a surface mineralized zone measuring 52 metres by 18 metres. This zone is located 116 metres away from the initial discovery of “T1” on an East-North-East trend. It is categorized by a series of small gossans within a larger zone of mafic and ultramafic rocks at or near surface.

When added to the T1 Zone already identified it covers a total strike length of 238 meters of mineralisation and coincides with the ultramafic intrusive suite which hosts the new discovery.

The table below outlines the results from an 18.68 metre channel sample taken sub-parallel the mineralized body at surface and starts approximately 171 meters away from the end of the channel #1 on T1 zone:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 3Including

Including

 09.339.33 18.6818.68

13.62

 18.689.35

4.29

 1.101.45

1.56

 0.230.28

0.28

 0.030.03

0.03

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel sample was located at N49? 57.515′ W69? 26.910′

Quality Control

Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the independent qualified person for the technical disclosure contained in this news release. Mr. Scodnick has supervised the work programs on the Julie Project, examined the samples summarized in this release, discussed, reviewed the results with the Company’s geological staff and reviewed the available analytical and quality control results.

Channel cuts samples and drill core samples were transported in sealed bags from Baie-Comeau to a warehouse facility in Montreal. There they have been opened, washed, photographed again, logged, resealed and transported to Agat Laboratories in Dorval, Quebec. Agat Laboratories transported the samples to their analytical facilities in Mississauga, Ontario. Base metal analyses were initially obtained via ICP-AES Aqua Regia and 4 Acid digestions. The two digestion methods show good correlation. Nickel values in excess of 10,000 ppm were reanalyzed using a sodium peroxide fusion followed by ICP-AES finish.

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Billings,

Mark Billings, Chairman

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX and its shares trades in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Tags: , , , , , ,
Posted in St. Georges Platinum and Base Metals | Comments Off on Additional Encouraging Results from the Julie Nickel-Copper Discovery; 1.82% Nickel Over 11.64 Metres Channel Intersection

CLIENT FEATURE: (GGI: TSX-V) Attractive Share Structure, Strong News flow of out BC and Mexico

Posted by AGORACOM-JC at 4:47 PM on Tuesday, January 20th, 2015

WHY GARIBALDI RESOURCES CORP?

  • Attractive share structure
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

Rodadero North Project

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
  • Phase 2 diamond drilling continues, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch
  • Recently announced that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch

Red Lion

  • The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

  • The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

12 Month Stock Chart


Tags: , , , , , , ,
Posted in AGORACOM Client Feature, Garibaldi Resources | Comments Off on CLIENT FEATURE: (GGI: TSX-V) Attractive Share Structure, Strong News flow of out BC and Mexico

Continuity of Nickel-Copper System Extended for 584 Meters on Julie Nickel Discovery on the Quebec North-Shore

Posted by AGORACOM-JC at 12:54 PM on Tuesday, January 13th, 2015

  • New batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters.
  • Best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Baie-Comeau, Quebec / January 13, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) is pleased to announced today that a new batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters. The best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Results Warrant Acceleration of Plans for Julie Nickel Discovery

“We are very encouraged by these new additional results coming out of the Julie-Nickel Project. The fact that these latest results were achieved over 200 metres away from a previous discovery makes us optimistic for the future of this early stage project. As such, we have accelerated our plan and expect to bring this discovery to drill ready stage before the summer of 2015.” Commented Frank Dumas, President & CEO of the Company.

“This acceleration is further supported by the expectation that nickel prices could move dramatically higher over the next two years as a cyclical recovery takes hold in the base metal sector, according to a recent report from Scotiabank” Dumas went on to say.

Joel Scodnick, P.Geo., Vice-President Exploration of St-Georges commented: “(…) no matter how you look at this mineralized corridor, there’s a 13km long magnetic anomaly that appears to be spatially associated with the Julie showing and all the other showings along strike of the Julie showing as mentioned in the press release. This structure is further evidence of a fairly extensive and pervasive plumbing system responsible for the concentrations of nickel discovered so far. Based on the surface work conducted and very shallow drilling using a man-held portable drill it is imperative at this point that St George’s establish a detailed grid in preparation for a diamond drilling campaign. If it can be established that the nickel sulphide enrichment is present at depth and along strike then a deposit of significance could be present, especially given the fact that the structure is so long and most like deep-rooted.”

Results Summary

T2 Zone

A surface mineralized zone of 52 meters by 18 meters referred to as “T2” has been identified. This zone is located 116 meters away from the initial discovery of “T1” on an East-North-East trend. It is categorized by a series of small gossans within a larger zone of mafic and ultramafic rocks at or near surface.

When added to the T1 Zone already identified (See Press Release, December 29, 2014) it covers a total of 238 meters of mineralisation and coincides with the ultramafic intrusive suite which hosts the new discovery which has been identified by geophysical data obtained by St-Georges in 2011 where a 13 kilometres magnetic conductor on a WSW to ENE trend was discovered.

The table below outline the results from a 2.88 meter channel sample taken in parallel with the mineralized body at surface:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 6 0 2.88 2.88 0.828 0.135 0.025

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel sample was located at N49? 57.517′ W69? 26.911′

Results from a man-held portable drill hole are also available. The hole was drilled vertically from surface to a shallow depth of 0.40 meters and was assayed as a whole. The drill hole was located at N49? 57.513′ W69? 26.911′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Hole #2 0 0.40 0.40 1.17 0.132 0.0269

Other results from Channel cuts yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 4 0 1.64 1.64 0.571 0.116 0.0148

This channel is located on the outskirt of the mineralized body and in parallel with it at N49? 57.518′ W69? 26.906.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 7 0 2.16 2.16 0.157 0.0351 <0.001

This channel sample is located outside of the mineralised body at N49?57.518′ W69? 26.905′

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

T3 ZONE

The T3 exploration target zone is a surface mineralized zone measuring 58 meters by 8 meters located 159 meters to the South-East of the eastern limits of the T2 Zone. This zone seems to be trending from a North-South to East-South-East axis. Its north-western section encompasses the southern boundaries of the previously identified magnetic conductor on the Julie Project. When added to the T1 and T2 Zones already identified it covers a total 455 meters which is mineralized at or near surface.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Channel 3 0.82* 2.76 1.93 0.39 0.108 0.012
including 2.21 2.76 0.55 0.47 0.0914 0.013

*The interval 0-82 cm is still being analysed at the time of this press release. Location of the channel is N49? 57.566′ W69? 26.774′

* Reported channel sample sections are not true widths. An apparent surface width of 6 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

A 3.38 meters channel located on the southern limit of Zone T3 yielded 8.8 g/t of Silver and 0.03% Zinc with 0.175% Copper.

Manheld portable drill hole drilled vertically from surface in the mineralized body within the North-Western section of zone T3 yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Hole #1 0 0.42 0.42 0.453 0.068 0.011

Location is N49?57.566′ W69? 26.769′

T4 ZONE

This surface mineralized zone is located 98 meters to the East of the T3 Zone South-Eastern boundary and covers 31 meters x 8 meters. This zone is just south and the magnetic conductor.

A man-held portable drill hole yielded this result:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T4 Hole #1 0 0.26 0.26 0.968 0.048 2.2

Location is N49? 57.604′ W69? 26.659′

T9 ZONE

The T9 Exploration Target is a zone that runs on a West-East axis located approximately 740 meters directly to the north of the Zone T4 boundary and 1.07 km to the East-North-East of Zone T1. The surface mineralization cover 142 meters x 21 meters and it is characterized by a large gossan zone. The gossan is hosted by mafic and ultramafic rocks in contact with a Gneissic unit. This zone is several hundred meters outside of the magnetic conductor identified and lies in a magnetic low area of the property.

Initial partial results from this zone confirmed the presence of Copper and yield these results:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T9 Channel 3 0 1.20 1.20 0.04 0.194 9.3

Location is N49? 58.051′ W69? 26.635′

Quality Control

Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Scodnick has supervised the work programs on the Julie Project, examined the samples summarized in this release, discussed, reviewed the results with the company’s geological staff and reviewed the available analytical and quality control results.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas,

Frank Dumas, President & CEO

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX and its shares trades in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Tags: , , , , , , ,
Posted in St. Georges Platinum and Base Metals | Comments Off on Continuity of Nickel-Copper System Extended for 584 Meters on Julie Nickel Discovery on the Quebec North-Shore

Liberty Star’s Porphyry Copper-Gold-Moly Hay Mountain Project: 2014 Summary of Activity & 2015 Management Discussion

Posted by AGORACOM-JC at 9:38 AM on Monday, January 12th, 2015

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to update shareholders and interested parties regarding the Company’s 2014 activities, including progress toward obtaining approval of its Plan of Operation for the Hay Mountain Project (“Hay Mountain”) in southeast Arizona’s Cochise County within the historic Tombstone mining district. More topics of discussion include CEO/Chief Geologist James A. Briscoe’s travel plans for the 1st quarter of 2015 to the Middle East, Hong Kong and Manila to secure funding for Phase 1 exploratory drilling at Hay Mountain and other more long range planning.

The Last 12 Months:

1.

Planning and Geoscientific Interpretation:

This period was primarily occupied with planning and permitting of Hay Mountain. This included conceptualizing and creating a plan for an aggressive drill program which would result in a strongly compressed time line to test and drill out what our evidence suggests is a large porphyry copper-moly precious metal system with a footprint large enough to contain a very large mineral body. Our goals are to drill out this body within a span of 4 years and to bring it into production within 7 years of the start of drilling. This is a very tall order, because the average time to bring an orebody into production now in the USA is 15 years. We have brought to bear a lot of computerized data gathering that we have used in other projects in order to reduce time to a minimum and lower costs. We refined this detailed computerized exploration plan and created a budget, using Microsoft Project® including 5,000 line items (resources) are scheduled and costed on a simple but effective computer Gantt Chart, that will allow us to keep track on a daily basis of projected cost vs actual cost and predict daily time- to- completion of our objectives would be as the project progresses. Many operations, permitting procedures and community outreach will proceed simultaneously with the exploration and mine development procedures. The reason for this attention to timing was the result of information gleaned from our visit to India and later China. In consultation with industry-leading drilling experts, and other specialists including our permanent staff and Technical Board of Advisors, it has resulted in one of the most innovative plans using various time and expense saving procedures throughout the exploration program that have resulted in a very low “all-in” cost per foot of drilling. We believe we can meet these timing expectations.
2.

Permitting
a.

Approval by the Arizona State Land Department (ASLD) of the Company’s Plan of Operation (the “Plan”) is required to conduct exploratory drilling at the first Hay Mountain target, which is located primarily on State Land. The Plan of Operation was submitted to the ASLD in August with a proposed period of operation of one year beginning September 29, 2014 (NR 187). Liberty Star has so far answered all questions and comments from the ASLD and expects final acceptance of its Plan within the next 20 to 60 days or so (given expected delays around the holiday season). Upon approval, Liberty Star’s drilling contractor will obtain drilling permits from the Arizona Department of Water Resources (ADWR) which takes very little time to process. Once those permits are in hand, and appropriate funding is in place, Phase 1 drilling can begin at Hay Mountain.
b.

Approval by the US Bureau of Land Management (BLM) we also need drilling permits on the relatively small amount of Federal Lode Mining Claims making up some of our land package. These permits are not as time-critical as the ASLD permits, but it is our objective to obtain these in the first quarter, 2015.
3.

Altered and Mineralized Outcrops Discovered The only geologic map of sufficient detail covering the Hay Mountain area published in 1956 (James Gilluly, General Geology of central Cochise County, AZ, USGS Professional Paper 281, 169 pages) was prepared during the late 1930s and 40s appears to be of excellent quality considering its small scale. However, more detailed surface mapping in concert with new very high resolution natural color space imagery reveal previously unmapped outcrops with occasional specks of green copper oxide, and suspected black copper oxide, along with silica and carbonate veining similar to that adjacent to the Copper Queen Mine in limestones at Bisbee about 15 miles to the south. This recognition is important, and we believe with further work it will be expanded to reveal more outcrop. This suggests the following:
a.

The depth to mineralization may be much shallower at least in some areas than had been previously supposed; giving strength to the possibility that a mineral body amenable to open pit mining at relatively shallow depth may be present.
b.

The presence of oxide copper at the surface suggests there may be a near surface mineral body of oxide copper that could be recovered by heap leaching or in situ leaching, either one or both recovered by solvent extraction – electrowinning. This method of copper or gold /silver mining where the metallurgy is optimum, is the least costly to perform and requires minimal plant infrastructure and hence lower capital requirements for startup. Several such projects nearby either have been in production, are in production or are in testing and feasibility for production. These include:

• Bisbee – Copper and uranium – past

• Bisbee – the Cochise ore body – future

• Tombstone – silver and gold – past

• Safford – copper – production now

• Rosemont – copper – under consideration

• Johnson Camp, Texas Canyon, AZ –open pit heap leach copper -dormant

• I-10, Gunnison Hills, Excelsior, Texas Canyon, AZ -copper – in situ- in pre-feasibility studies.

Discovery of such a leachable ore body, similar those enumerated above, could result in a very fast tracked production facility producing wire grade copper which would be marketed as (or before) it was produced, creating an almost immediate positive cash flow from this production
c. Drilling would continue to define:
i. An expected sulfide enrichment mineral body or skarn limestone hosted body or both which might be mined by open pit: examples – Bisbee, Silverbell & Mission-Pima, Arizona, USA
ii. A deep seated high volume underground mineral body that would be mined via shafts, and appropriate underground methods examples – Bingham Canyon, Utah, USA, Grasberg, Papua Province, New Guinea
d.

If such mineral bodies as in a, b and c, above were to be defined and if they were to be projected by standard engineering studies to be profitable, by standard mining methods, mine and mill construction would be undertaken and large scale production would ensue.
e. Such developments as noted in a, b, and c above would be preceded by Bankable Feasibility Studies and funding could then become available through bank consortia or other typical sources.
4.

New Targets Identified in the Last Two Months Over the last two months, additional redrafting, clarification and reinterpretation of the geoscientific data over the Hay Mountain area now defined as the “Area of Mutual Interest (AMI)” covering approximately 42 sq. miles (109 sq. km), and including previously identified anomalies, have been undertaken. Other anomalies of potential importance have been identified. This is not a reprocessing of the metadata received from the Geotech ZTEM metadata, or their Professional scientific interpretation of that data in their Professional Report on the survey, but simply a clarification and reinterpretation based on that clarification.
a.

These targets will be incorporated into an updated business plan that is currently being drafted with the intent of making future proposals more financially rewarding, and thus more attractive to venture partners.
b. When these plans are finalized and vetted by specialists, they will be incorporated into our proposals for funding.
5.

ASLD Permits In addition to approval of its Plan by the ASLD, Liberty Star needs to fund Phase 1’s newly planned expenditure of $9 million that will incorporate proportional funding for preliminary exploration of the additional targets mentioned in 4, above.
6.

Recent Tours of the Hay Mountain Project There are increasingly more parties interested in the Hay Mountain Project. Mr. Briscoe and our arm’s length skarn porphyry copper expert consultant have conducted several tours of the Hay Mountain Project area and other sites of importance to the understanding of Hay Mountain, in southeast Arizona, with potential funders. These other sites of importance draw a close comparison to existing porphyry copper deposits with Hay Mountain.
7.

We expect to conduct as many as two more of these site visits and accompanying tours before traveling to the Middle East, Hong Kong and Manila, (Philippines) as previously announced in September (NR 188) and in this update. Naru Capital – naseba (“Naru”) will sponsor a Middle East (Saudi Arabia, Oman, Dubai) roadshow specifically designed to match Liberty Star’s funding expectations with the appropriate pool of prequalified potential funders. Their plan is to continue the roadshow in Hong Kong. Briscoe then intends to visit Manila, Philippines in response to specific expressions of interest from potential investors in that mining country; a representative of the group (a mining engineer and large Liberty Star share holder) has taken a field trip to the Hay Mountain Project area recently, with positive response. Briscoe’s travel is scheduled to begin the third week of February, 2015.

Comments Mr. Briscoe:

“Season’s Greetings to Liberty Star shareholders and supporters. As we face a new year it is time that I reaffirm Liberty Star’s goal to commence drilling at Hay Mountain and define an economic body of mineralization there. From surface studies and a deep understanding of the area, we have concluded that we may expect a very large, near surface porphyry copper mineral body, extending to great depth. This conclusion must be proved through exploration drilling. I expect that drilling in 2015 will confirm our geoscientific data. It has been frustrating that we could not move to the drilling phase this year, but the slow process of permitting State land, and the difficult state of the economy as a whole and the mining industry in particular cannot be denied. I am routinely asked why we have been unable to obtain funding for Hay Mountain since the indicators for success are so strong. The answer is long and complex. Those of you that follow mineral exploration and mining know the severe state of the industry due to the downturn in the minerals Super Cycle, which finds industry giants such as Freeport McMoRan and BHP Billiton and many others trading significantly down over last year. Despite this current downturn for us in mining, several current economic studies suggest the Super Cycle may be setting up for a resurgence, though it is much more complex with the entrance of China and other new consuming and producing countries versus earlier periods when it was driven primarily by North America and Europe (including the U.K. and Australia). Computer reduction of these complexities show it is, in fact, alive and well and is moving forward to another increase in time for us to profit from our efforts (from Keynote luncheon address SME Yearly meeting 12-08-2014 by Raymond Goldie, Salman Bros.). I believe we can turn the corner and prosper as metal prices are bound to rise substantially with this projected resurgence. I, and many others industry-wide, believe the long term demand is there and several studies show the World will need more copper in the next 25 years than in all the history of mankind. The task at hand is to find appropriately risk-tolerant investors that are seeking to enter a market that is at its bottom and willing to stay for a rise that will be several years in the making but just in time for our potential production. I will continue to work with the experts at naseba/Naru to help us find such investors with sufficient financial wherewithal, but I am open to hearing from any credible alternative funding sources for Phase 1, in combination with or independently of others. I believe that our Phase 1 investors will be rewarded greatly for the investment they make in funding our Hay Mountain Project.”

Management discussion – Expectations, First Quarter 2015

1. Director Brett Gross will be working to improve the Company’s structure to enhance long term stability and attractiveness to all prospective investors. This will include, in addition to other things, a succession plan for critical and key employees. A corporation, as an entity with a legally perpetual life, dictates such succession planning to assure long term company strength, stability and sustainability. While there are no current concerns of any critical or key employee becoming unable to perform his or her duties, prudent corporate policy demands planning for the duration of the corporation’s existence. This includes succession planning for positions essential to seamless corporate continuity.
2. It is also our objective to move our existing projects forward including Walnut Creek and others in the Tombstone area, North Pipes, and other opportunities which have come and continue coming to our attention. Some of these are smaller (than Hay Mountain) and include precious as well as base metals. My trips to India, China, and the Middle East suggest there is also a strong interest in these types of more moderately sized projects as well as mega projects like Hay Mountain.

During 2015

We hope to achieve several milestones following return from my trip to the Middle East, Hong Kong and the Philippines, including:

1. Having funding in place to start Phase 1 drilling on the main Hay Mountain target in the second half, 2015
2. In the second quarter, have detailed geoscientific work on our other AMI targets well underway and subsequent drilling programs well into the planning – permitting stages
3. Placing additional funding for the new AMI targets
4. By mid-fourth quarter, 2015, being well underway with and increasingly successfully intersecting strong mineralization in Hay Mountain Target 1, Phase 1, and beginning Target 1, Phase 2 funding draw-down and the associated three-year drilling effort.

“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 all our planned drilling program and our planned route to access partners or funding sources, including without limitation our plan to commence drilling at Hay Mountain and define an economic body of mineralization there; that we can drill out the project within a span of 4 years and to bring it into production within 7 years of the start of drilling; that discovery of such a leachable ore body, similar those enumerated above, could result in a very fast tracked production facility producing wire grade copper which would be marketed; that we expect final acceptance of our plan of operation within the next 20 to 60 days; that BLM permits will be granted in the first quarter 2015; that metal prices will rebound; and that Mr. Briscoe’s travels will result in a potential partner for our projects . Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR

Tags: , , , , , ,
Posted in Liberty Star Uranium and Metals | Comments Off on Liberty Star’s Porphyry Copper-Gold-Moly Hay Mountain Project: 2014 Summary of Activity & 2015 Management Discussion

CLIENT FEATURE: Garibaldi (GGI: TSX-V) Attractive Share Structure, Strong News flow from Mexico and BC

Posted by AGORACOM-JC at 2:11 PM on Friday, January 9th, 2015

WHY GARIBALDI RESOURCES CORP?

  • Attractive share structure
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

Rodadero North Project

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
  • Phase 2 diamond drilling continues, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch
  • Recently announced that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch

Red Lion

  • The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

  • The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

12 Month Stock Chart


Tags: , , , , , ,
Posted in AGORACOM Client Feature, All Recent Posts, Garibaldi Resources | Comments Off on CLIENT FEATURE: Garibaldi (GGI: TSX-V) Attractive Share Structure, Strong News flow from Mexico and BC

« Older Entries
Newer Entries »