LBSR News

Gold, Copper Explorer Liberty Star Receives Field Report, Big Chunk Alaska

2012-09-17 13:17 ET - News Release

TUCSON, Ariz. -- (Business Wire)

Liberty Star Uranium & Metals Corp. ( “Liberty Star” or the “Company” )( LBSR: OTCQB ) is pleased to announce CEO, Chief Geologist James A. Briscoe has received a preliminary activity report from Field Manager Jay Crawford and the geologic team recapping the 2012 drilling program at the Company’s Big Chunk Super Project .

The Field Manager reports that the Nikovena Camp was left in good condition and the drill hole capped for the 2013 drilling season, planned to begin May 15, 2013. Other report highlights:

1. Drill equipment and staff performed well in the field. The same equipment is suitable for next season’s drilling program.


2. Core sample splits are in transit to the Company’s Tucson warehouse for more detailed examination and logging by Briscoe and the Liberty Star geologic staff.


3. Photographic and instrument readings indicate the presence of porphyry copper markers, including broken rock (breccia) through the entire depth of the hole that has been re-cemented and pervasively chloritized, with disseminated pyrite, and finely disseminated copper pyrite (chalcopyrite) and occasional spots of moly (molybdenite). Near the bottom of the hole, several tens of feet of fluidized pebble dikes (characteristic of the porphyry copper environment) were cut. Felsic dikes with copper and moly were also cut.


4. The split core samples will be forwarded within the next 2 to 3 weeks to the MEG prep lab near Reno, Nevada. After suitable preparation, including thorough crushing, pulverizing, and homogenization and splitting out a 200 gram sample, randomization and insertion of control samples, and blind repeat samples – known as quality assurance/quality control (QA/QC), 200 grams of each sample will be air shipped to the Certified ALS Assay facility in Vancouver, BC, Canada for assay for 64 elements. Those results will then be added to the geologic log of the drill hole. Final conclusions can then be drawn.

States Company CEO Jim Briscoe: “The early indications are that we are seeing a porphyry copper zone. We must drill additional holes adjacent to or deeper in our first hole to intercept the copper gold zone associated with this target which is one of between 4 to 12 we have identified which lie within our claims. A return to the Nikovena Camp and our south block is planned in May. In the interim we will concentrate our efforts on our Hay Mountain claims in southeast Arizona.”