TUCSON, Ariz. —Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€)(OTCQB: LBSR) is pleased to present a summary of the final report submitted by Geotech: Interpretation Report on a Helicopter-Borne Z-Axis Tipper Electromagnetic (ZTEM) and Aeromagnetic Geophysical Survey: The Hay Mountain Project Tombstone Mining District, Cochise County, Arizona For: Liberty Star Uranium & Metals Corp.
“During the early part of February, Geotech completed a 3D inversion using a coarse mesh study. When this was interpreted, it was clear that a fine mesh 3D magnetic inversion would be particularly useful and result in better resolution of what was going on at depth.â€
This final report includes updated interpretation based on 3D magnetics. Geotech will use data from this report in a presentation on March 4 at PDAC 2014 (NR 173). Two images from that presentation can be viewed March 4 on the Liberty Star web site as well. The information in this report has generated more specific targets for the Company’s upcoming drilling program at Hay Mountain, which will commence when adequate funding is obtained.
CEO/Chief Geologist Jim Briscoe’s summary of the report:
“During the early part of February, Geotech completed a 3D inversion using a coarse mesh study. When this was interpreted, it was clear that a fine mesh 3D magnetic inversion would be particularly useful and result in better resolution of what was going on at depth.
One of the images displayed on our web site is a cross section showing the results of this fine mesh 3D magnetic interpretation, along with the ZTEM interpretation as well. The coarse mesh inversion was 250 meters (m) x 250m x 125m mesh, whereas the fine mesh inversion was 50m x 50m x 20m mesh. Obviously much smaller items can readily be resolved at this resolution.
When the fine mesh 3D magnetic interpretation is plotted it can be seen that there is a sub horizontal top to the anomalies, which may well be skarn containing pyrite which has oxidized to oxidized skarn, perhaps destroying most of the magnetism in the upper zone. This would be equivalent to a classic oxidation zone, perhaps containing a chalcocite (Cu2S) blanket. This has certain similarities to the data reported on the similar appearing gold skarn deposits in Guerrero State, Mexico (also within the Geotech PDAC 2014 presentation).
These more highly resolved magnetic data suggest that the groundcover is 100 feet to 300-500 feet below the current surface, which corresponds well to the known geology. It also suggests that we may have an enriched zone of both gold and copper, perhaps within open pit mineable depths over a wide area. Additionally, the skarn mineralization appears to go to a great depth of at least approximately 1,500 meters. The only thing left is to drill these anomalies to determine their exact nature. While we do not have a deal as yet, there is an increasing interest by several funding entities and large companies.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 our exploration plans, that we have an enriched zone of both gold and copper perhaps within open pit mineable depths over a wide area, that the only thing to do is drilling, and that we have some parties interested in financing us. Factors which may delay or prevent these forward-looking statements from being realized include: we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; misinterpretation of data is possible; and we may be unable to continue exploration due to permitting requirements, weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s most recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
