The company recently acquired two limestone properties in north western British Columbia which have been strategically chosen in an effort to coincide with the LNG projects near Kitimat and Prince Rupert.
Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce that very high grade copper oxide outcrops near the geochemical high derived from vegetation sampling have been discovered. These show up to 22% copper.
Recent detailed mapping found pervasively brecciated limestone, which led to the conclusion that the area called the Chrysocolla Block (where the first discovery of oxide copper in outcrop was made) was misidentified as the Colina limestone. Further evaluation led to the conclusion that the zone was of the lower Earp formation, which is the layer directly below the Colina. A red clay marker bed at the base of the exposed Earp limestone breccia clearly identifies it, but had been inexplicably missed by previous geologists. Current understanding indicates that the latest targets may bloom into major mineral zones 200 to 400 feet in depth at their intersection with the Horquilla limestone, the major mineral host in the region.
After ID of the lower part of the Earp, the Company’s skarn consultant (recently working on another Arizona project in the same sedimentary rocks, containing high grade copper) felt that there was a strong possibility that the two high grade copper oxide outcrops could be positioned right above high grade copper mineralization. This opinion correlates with Liberty Star’s geophysical–geochemical cross sections: see graphics.
Company CEO/Chief Geologist James A. Briscoe notes: “This is the specific target we have been searching for before kicking off a drill program. This development of discovery by use of the Niton and lots of boots on the ground carefully observing rocks gave us this completely unexpected outcrop; we have made the breakthrough we needed. This find is exciting and meaningful because it is the largest exposure so far located at Hay Mountain, and is similar to outcrops in the Bisbee mining district 15 miles south.â€
Briscoe continues: “This outcropping oxidized mineral occurrence, taken with our recent work, confirms increasing mineral intensity over the previous geochemical and geophysical anomalies, and is confirmation of the type of mineralization we wanted to find. We have much technical work, including drilling, to complete prior to declaring an ore body present at Hay Mountain, but until now we were working with indirect geochemical, geophysical and geologic interpretation; this is direct evidence.â€
Drilling Planned-Permitting Underway
Two drill holes 600’ apart have been spotted over the two sites of the gossan outcrops. Work on nine other targets across the heart of the geochemical-geophysical anomaly is underway. The flexible drill plan calls for vertical diamond core holes to as deep as 2,000 feet. If horizontal bedded ore grade copper or other metals are intercepted, 45 degree angle holes will be drilled to determine width, thickness and shape of the mineralization. Contorted, broken and brecciated beds are nearby and along the line of holes, which is characteristic of the porphyry copper geologic environment. “This is a good environment for defining out an important ore body,†comments Briscoe.
Plans call for holes up to 2,000 feet deep but could be shallower. Each hole would take about 20 days to drill and cost about $200,000 if drilled to total depth: estimated start time of about January 2016.
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
View Presentation on Libertystaruranium.com
Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements include: findings led to the conclusion that the Chrysocolla Block was misidentified and the conclusion that the zone was of the lower Earp formation that the discovery constitutes the specific target we have been searching for before kicking off a drill program. Factors which may delay or prevent these forward-looking statements from being realized include: our inability 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 SEC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151014006432/en/
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
or
Jim Briscoe, 520-907-9492
CEO/President/Chief Geologist
[email protected]
VANCOUVER, Aug. 14, 2015 /CNW/ – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that seven RC holes have been completed by Layne Drilling at the Company’s 100%-owned La Patilla Gold Property in Sinaloa State, Mexico. Assays are pending, and results will guide the next phase of exploration at this property where a shallow high-grade zone was discovered last year (10.4 g/t Au over 8.5 meters in LP-14).
Five of the seven holes targeted the La Patilla vein system, to test for continuity of high-grade mineralization along strike and down dip in the vein area as cut in several holes in 2014, while two holes were successfully completed at the adjacent Murcielago breccia.
Meanwhile, in advance of delivering stockpiled material from the vein system to the nearby Gainey Capital Corp. mill, Garibaldi has received highly encouraging metallurgical results with a recovery rate of 95% for a flotation test carried out by the Servicio Geologico Mexico (Mexican Geological Survey) in Chihuahua City.
The analyzed head grade for the sample (7.9 kg) was 17.7 g/t Au. The sample was taken from surface exposures in the La Patilla vein system where previous drilling reported high-grade gold values. Garibaldi cautions that the head grade is not necessarily representative of mineralization at La Patilla in general or, specifically, within the zones, structures or geological features that were sampled for the metallurgical testing.
Steve Regoci, Garibaldi President and CEO, commented: “The high gold recovery rate from the metallurgical work helps confirm that the mineralized material from the La Patilla veins is very amenable to the flotation system used at Gainey’s processing center. We’re continuing preparation work to advance this important part of the project at La Patilla.
“We are active on several fronts and we look forward to providing shareholders with additional updates on developments at our key projects in Mexico and British Columbia over the next few weeks.”
British Columbia Update – Grizzly Project
Crews are mobilizing for a fresh round of surface exploration, commencing in the next few days, that will determine final drill targets at the 270 sq. km Grizzly Project in northwest B.C.’s prolific Sheslay district.
Crews will be focusing on the highly promising Grizzly Central area as well as the newly-acquired Golden Bear claims, featuring an historical high-grade gold showing, adjoining the Grizzly to the south.
“Indeed this will be a busy and exciting summer at the Grizzly as productive discussions with all stakeholders concerning this emerging world class district are giving us great encouragement,” stated Regoci.
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 the direct manager of the technical programs operated under contract by Prospeccion Y Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has reviewed this news release and approved the contents 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.
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(604) 488-8851
(604) 488-8851
(604) 488-8851, Website: GaribaldiResources.comCopyright CNW Group 2015
Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce the voting results from its 2015 Annual & Special Meeting of Shareholders (the “Meetingâ€).
A total of 882,574,397 shares representing 75.97% of the issued and outstanding shares as of the Record Date (June 9, 2015) were voted at the Meeting.
All nominated directors were elected, shareholders voted for the ratification of the appointment of MaloneBailey LLP as the Company’s independent registered accounting firm (auditors), and shareholders voted for amending the Company’s articles of incorporation to increase the number of authorized shares from 1,250,000,000 to 6,250,000,000. Two advisory votes were considered: shareholders voted for the approval of a non-binding advisory vote on the compensation of our named executive officer, and voted for a non-binding advisory vote that the compensation of our named executive officers should be held every three years.
Voting totals and Minutes of the Meeting will be posted to http://www.libertystaruranium.com/ soon.
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716006458/en/
Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR
TSXV: GGI
OTC: GGIFFÂ
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:Â “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
In our ongoing efforts to provide you with broader communications and industry information, Avalon Rare Metals Inc. is pleased to issue this Industry Bulletin, which follows up on the April 20, 2015 Industry Bulletin entitled “EU establishes voluntary system for conflict-free mineral certification.â€
On May 20, 2015, the European Parliament voted in favour of a mandatory monitoring system for minerals, including tin, gold and tantalum, from conflict regions. This end result was unexpected according to some observers, and goes beyond the proposal of the European Parliament’s International Trade Committee, which recommended self-certification but did not extend beyond smelters and refiners.
This bill covers not only mineral importers, smelters and refiners, but also obligates manufacturers of consumer products to ensure that their products do not contain materials made with minerals produced to fund armed conflict. While this bill has some hurdles to overcome as it goes through the legislative process, it highlights the global trend toward promoting socially and environmentally responsible production of critical raw materials.
Avalon’s East Kemptville tin-indium deposit, located in Yarmouth County, Nova Scotia is currently being evaluated as a potential new North American source of conflict-free tin. Avalon’s Nechalacho Heavy Rare Earth deposit in the Northwest Territories is a potential source of tantalum produced in an environmentally and socially responsible way, along with rare earths and zirconium.
Avalon’s President & CEO, Don Bubar, commented: “This vote by the European Parliament is further confirmation that our commitment to sustainability in all aspects of our business positions us well to serve the future critical raw material needs of responsible manufacturing companies in the European Union and elsewhere around the world.â€
For more information please see http://www.euractiv.com/sections/development-policy/parliament-votes-binding-conflict-minerals-regulation-314741. If you have any comments or questions on this article or the rare earths generally, please do not hesitate to contact Avalon directly at[email protected].
ABOUT AVALON RARE METALS INC.
Avalon Rare Metals Inc. (TSX & NYSE MKT: AVL) is a mineral development company focused on rare metal deposits in Canada, with three advanced stage projects. Its 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce ‘heavy’ rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. Avalon is also advancing its Separation Rapids Lithium Minerals Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.
TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, April 9, 2015 /CNW/ – Garibaldi Resources Corp. (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to report that a diamond drill rig has been mobilized to begin a follow-up program at a high-grade gold zone discovered last year at the La Patilla Property in Sinaloa, Mexico.
The final hole of 2014 drilling at the main zone at La Patilla, LP-14, intersected 10.4 g/t Au over 8.5 meters within a broader 30-meter interval grading 3.1 g/t Au at a depth between 11 and 41 meters.
Immediate objectives of this program are as follows:
Meanwhile, Garibaldi crews continue to stockpile mineralized material at La Patilla for an initial mill feed test at Gainey Capital’s processing facility approximately 40 miles to the southeast.
Steve Regoci, Garibaldi President and CEO, commented: “From Rodadero to La Patilla we continue moving forward on all fronts in Mexico. The La Patilla gold project has a very opportunistic profile with shallow drill targets and potential for near-term exploitation, so we look forward to building shareholder value as we advance these initiatives. In addition, invaluable exploration protocols gained in Mexico will complement the 2015 launch, now underway, of our fully-funded B.C. projects led by the Grizzly in the prolific Sheslay district.”
Corporate Fact Sheet
To view the updated corporate Fact Sheet for Garibaldi Resources, please visit the following URL:
http://www.garibaldiresources.com/i/pdf/GGI_Factsheet.pdf
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 the 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 contents 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
Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (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.â€
“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
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.
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