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Hay Mountain Project: Drill Holes Selected for Drilling on Two Outcrops Showing High Grade Copper

Posted by AGORACOM-JC at 2:56 PM on Wednesday, October 14th, 2015

  • Encouraging results will dictate another nine drill holes, resulting in a line of 11 bisecting the main porphyry anomaly in an east–west direction
  • 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

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (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.”

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.”

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]

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

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

Liberty Star Updates Financing & News on the Hay Mountain Project for Porphyry Copper, Gold, Moly and Other Metals

Posted by AGORACOM-JC at 12:50 PM on Wednesday, October 22nd, 2014

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is providing an update on its plans to finance the Phase 1 exploration drilling program on its premier property, the Hay Mountain Project, for porphyry copper, gold, moly and other metals in Cochise County, southeast Arizona. The Phase 1 financing requires an expenditure of USD $6.5 million to drill up to 50 vertical “mother” holes (to a depth of up to 5,000 feet) and up to eight “daughter” holes per mother hole, depending on what is encountered (News Release 189). Another 31 holes on our Federal lode mining claims adjacent to the Arizona State Mineral Exploration Permits (MEPs) have subsequently been located, bringing the total number of planned, pre-positioned, permitted holes on the grid to 81. The Company is pursuing permitting on the entire grid simultaneously, allowing movement to almost any location within the geochemical, geophysical and geologic anomalies, depending on results of surrounding holes, as soon as that may be indicated by results of the previously drilled holes. The Company may not drill all 81 holes during Phase 1, but permitting the entire grid at once is more efficient in terms of time and costs given the lengthy permitting timeline under state and federal regulation. This would allow immediate continuation of Phase 2 drilling, with no time lag.

Phase 2 drilling could continue for up to an additional three or more years with multiple drills. Discovery of thin exposures of silicified and carbonate veined rock suggests that mineralization could be located at less depth than was previously suggested by old geologic maps. This, combined with the geochemistry and ZTEM geophysics, suggests a shallower top of the mineral zone and mineralization going to significant depth. In Phase 2 and beyond, planning could be for an open pit and a continuous deep underground skarn (altered limestone) mineral body.

The financing proposal is offered to foreign and domestic entities that have or might express an interest in the project as a joint venture (JV) arrangement:

1. The JV would be between partner and The Hay Mountain Project owned by Liberty Star, and would be managed by Liberty Star.

2. Partner would provide capital of $6.5 million for the Phase 1 drilling program and have an option to contribute $65 million for the second phase of drilling. Investors would also have the right of first refusal to contribute addition funds for the final permitting, design, construction and development of a mine(s) at Hay Mountain.

3. Liberty Star is not contemplating an arrangement exchanging stock to capitalize Phase 1 exploration drilling or subsequently Phase 2, and later phases for permitting, design and construction, which would be dilutive, but instead a Joint Venture, as is common in the industry.

The Company has received and anticipates receiving additional Non-Disclosure Agreements (NDAs) from potential funders introduced by naseba/Naru Capital and other entities, foreign and domestic. These NDAs allow Liberty Star to disclose confidential scientific data to potential funders as part of the potential funders’ due diligence programs.

States Liberty Star’s CEO/Chief Geologist James A. Briscoe: “The value of the Hay Mountain Project may be greatly enhanced with the discovery of factors that may indicate mineralization near the surface, in addition to a continuation of a skarn mineral body to great depth, which would be mined by underground methods. We have completed surface studies, and have scheduled due diligence visits to the site. We have received word from the Arizona State Land Department (ASLD) that our Plan of Operation with archaeology survey should be completed in one to three months, entirely dependent on their schedule. In effect, we are ready to get the diamond core drilling started. While I wish the process of financing Phase 1 drilling at Hay Mountain would quicken its pace, I am confident that the scientific data and the attractive JV proposal we have put forth will net us a suitable partner in due course.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

View Liberty Star’s “Introduction to Hay Mountain Presentation”

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. 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.

Contacts

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

Liberty Star Submits Plan of Operations for Drilling Hay Mountain Project to Arizona State Land Department; Proposed Period of Operation: September 29, 2014 to September 29, 2015

Posted by AGORACOM-JC at 9:40 AM on Tuesday, August 12th, 2014

TUCSON, Ariz. — Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(OTCQB: LBSR) is pleased to announce that it has submitted an Exploration Plan of Operation (the “Plan” or the “EPO”), for the State Land component covering the prime anomaly of the Hay Mountain Project, to the Natural Resources Division – Minerals Section of the Arizona State Land Department (“ASLD”), as of today’s date. An approved EPO is required by the State prior to initiating exploration activities on Arizona State Trust land (the Company’s Mineral Exploration Permits or MEPs). Plan evaluation and approval may require 30 to 60 days: the approved EPO remains effective for one year from date of approval and the Company may request extensions if required. Liberty Star has proposed a Period of Operation commencing September 29, 2014. The innovative drilling program proposed by LBSR could begin after that date if the EPO is effective and adequate funding is obtained.

“…the type and extent of the operation to be performed. Include the estimated area of disturbance and provide detailed information for any earth moving or site clearance operations.”

Among the ASLD requirements for application of an EPO is a statement of “Scope of Operation” that describes “…the type and extent of the operation to be performed. Include the estimated area of disturbance and provide detailed information for any earth moving or site clearance operations.” Liberty Star has submitted the following:

“1. Core Drilling and daughter hole drilling for mineral deposits at depths of up to 5,360 feet (1,643 m) and using deviated drilling-directional drilling herein described as daughter holes to drill holes out from the mother holes which will give us information at up to 200 meters out from the mother hole. This will decrease our surface drill sites to 41 drill sites, a decrease of 89% by drilling from the central mother hole.

“2. We will be using a diamond core drill – with rubber tracks that put less pressure on the ground surface (4.8 pounds per square inch) than a human would in walking over the drill site. Rather than trucking water off-road to the drill site with very heavy (10 to 16 tons of water per truck load) we will pipe water to the drill sites as needed for drilling using unburied UV protected flexible polyethylene pipe which will not disturb the surface or vegetation to supply a plastic water tank (2,000 gal) at the drill site.

“3. We will use a very recently developed Solids Recovery Unit (SRU) which uses a centrifuge to clean the drill fluid before pumping it down into the hole again. This reduces the foot print of the drill site and negates the use of a traditional mud sump pit. Drill cuttings are automatically bagged and will be disposed in a land fill after drying.

“4. Personnel will be transported in a rubber tracked side-by-side [a 4WHD mini truck from Polaris] with 4 passenger capacity along with space for tools and consumables. This also has an impact of less than a human foot. Normal pickup trucks will only traverse main roads, only pickup trucks equipped with rubber tracks will travel off main dirt road.”

All vehicles used in the drilling process will be mounted on similar low weight distribution rubber tracks. No roads will be constructed, nor surface disturbance made. Routes to the drill sites will be by rubber tracked vehicle paths and there will be no surface disturbance of soil or vegetation.

States Liberty Star CEO/Chief Geologist Jim Briscoe: “The Scope of Operations statement we have submitted to the ASLD exemplifies our commitment to being excellent stewards of State Trust lands. The Exploration Plan is also financially sound because of the efficiencies we’ve built into the plan including those described above, which we believe should actually lower the cost of operations. With naseba and others, we have laid the groundwork for financing, and are in preliminary discussions with more than 12 entities in various countries where we have made presentations. We need that financing in place to proceed with Phase 1 drilling.”

“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 expectation that we will receive approval of our EPO and the timing of that approval, the anticipated timing of the EPO after it commences and the availability of extensions if they are required, our ability to raise funds to pay for the Phase I drilling and our belief that the EPO is financially sound and that it should actually lower the cost of operations. Factors which may delay or prevent these forward-looking statements from being realized include receipt and timing of EPO approval and delays in financing, the possibility that we may not be able to raise sufficient funds to complete our intended exploration or carry on operations and the timing of that financing; and the possibility that we may be prevented from drilling due to weather, logistical problems or other field hazards. Despite encouraging results, there may be no commercial grades of mineralization on our properties. Readers should refer to the risk disclosures in our recent 10-K and our other periodic reports filed from time to time with the Securities and Exchange Commission.

Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter @LibertyStarLBSR

Contacts

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]

Liberty Star Signs Comprehensive New Agreement with Naru Capital a Division of naseba, Extending Successful Partnership to a 4th Term, from July 10 to Dec. 31, 2014

Posted by AGORACOM-JC at 9:50 AM on Wednesday, August 6th, 2014

Meetings in Tucson – Hay Mountain Mid-September and Middle East Planned in October

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce that Liberty Star has once again signed a comprehensive agreement with Naru Capital (“Naru”), a division of naseba.

With the current value of ongoing infrastructure projects in the Middle East estimated at over US$2.62 trillion, the region is currently witnessing significant investments in infrastructure development that drive the demand for metals including copper, aluminum, iron, and nickel among others. Thus investors now seem to be seeking strategic investments in the sector, with the regional material demand forecast set to rise consistently over the next 5-10 years. This will be compounded by the decrees to bring expertise to the region in order to fast track developments of local mining assets as well. Having recognized the potential of Liberty Star and its Board, Naru Capital will be making a major push to get Hay Mountain funded and then fund other projects and targets of Liberty Star.

Naru Capital is a division of naseba group, a French business information company and a deal facilitator focused on the needs and interests of growth market based investors. With on the ground presence in Algiers, Bangalore, Dubai, Monaco, Riyadh, and Shanghai Naru Capital facilitates the introduction of companies raising capital to investors in emerging and growth markets, offering an alternative to traditional avenues to source deal flow. Naru Capital organizes highly-targeted, private capital introduction meetings and investors road shows across a range of growth markets and sectors, introducing each to pre-qualified investment opportunities.

The new agreement is to effectuate financing on a variety of levels for Liberty Star targets and opportunities. This will continue with an additional road show in the locations not yet visited where after extensive preparation and publicity of the opportunity, one on one meetings will be arranged with entities that have the desire and funds to invest in significantly large grass roots or greenfield mineral exploration targets. This will include Hay Mountain. The investment analysts will prioritize the meetings based on investor interest and intent, and will follow up with all the parties to ensure progression from the meetings, which will include potential visits to the southeast Arizona – Tombstone- Bisbee area where the Hay Mountain target is located and to the operating copper mines in the Tucson vicinity that have similar characteristics and are emblematic of the Hay Mountain Project.

Company CEO/Chief Geologist James A. Briscoe will return to the Middle East for a second time in October for highly-targeted, private capital introduction meetings organized by Naru Capital, which makes this the fourth time Naru Capital and Liberty Star have partnered for investors’ acquisition. The road show will include follow up meetings from Briscoe’s June visit to Saudi Arabia, Oman and Turkey which led to the 10 indications of interest, the first step in sending non-disclosure agreements for the Hay Mountain project and offer the Hay Mountain Project/Mine Finders training program to new potential investors.

Naru Capital Managing Director, Fabien Faure said “More than looking at just the financial capabilities of these investors, we also discuss their alternative reasons as to why they would consider an opportunity, before we make any introductions. We have developed trusting relationships with our investors through constant and open dialogue, and mapping their emotional connection to a particular industry, region or opportunity. We also work closely with our investors to establish how a project could benefit them from a strategic point of view, or sometimes how it could benefit them politically.”

Notes Briscoe: “Liberty Star is taking the lead in developing in what we believe will be ‘a major mining project that will be active for decades’. This fact is well known to local investors, but not to international investors. Naru Capital arranged these ‘Investor Road Shows’ of meetings tailored exactly to our requirements, and it has given the opportunity to be introduced in growth markets like India, China and the GCC as a lead in the Hay Mountain project and also discuss the long term Mine Finders training program with an objective of developing a full stream of new mineral discoveries in the Arabian Nubian shield.”

“naseba/ Naru’s approach cuts out a lot of time consuming vetting that I don’t have time to engage in. I am in the midst of the finalization of planning Phase 1 drilling at Hay Mountain and working on required permitting. naseba’s team understands that the Hay Mountain land has been the subject of intense professional geologic, geochemical, and geophysical surveys resulting in profound mutually reinforcing anomalies which indicate the presence of an extremely large porphyry copper/gold multi-metallic system including a very large rare earth element anomaly.”

“Drilling is the next step for the project. The funding we seek is for our innovative, efficient Phase 1 drilling program which will tell us if we have positive drill core indicators of a potentially commercially important ore body rivalling in size and grade several of the other mined ore bodies in the area, ranging from the middle of Arizona, south and east into northern Mexico. naseba has promised to bring us together with potential investors who have the desire to get in on the ground floor of, if we are successful, what I believe will be a major mining project that will be active for decades. Assuming Phase 1 shows positive indications, Phase 2 – lasting 3 years and operating 24/7/365 will continue immediately. Cutting edge equipment and methodology will be used, meeting US-SEC engineering report standards and well as Canadian NI- 43-101 requirements. Registered professionals will supervise all operations, and certified assay laboratories will be used for all metal analysis as the company does on all its projects.”

“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 follow up meetings through naseba and with potential partners could lead to large scale funding of Liberty Star’s Hay Mountain Project; that we may obtain a partner for the Hay Mountain project; anomalies on our property indicate the presence of an extremely large porphyry copper/gold multi-metallic system including a very large rare earth element anomaly; and that we can efficiently drill our property if we had sufficient funding.

Factors which may delay or prevent these forward-looking statements from being realized include: our inability to agree with a potential partner 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; and possible inability to continue drilling due to weather, logistical problems or hazards even if funds are available. Despite encouraging results, there may be no commercial grades of 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.

Contacts

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]
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