TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)(OTCQB:
LBSR) is pleased to announce that as of
noon Tuesday, Dec. 10, 2013, it has received the final draft ZTEM report
from Geotech Ltd. ZTEM
electromagnetic measurement data has been carefully analyzed by
Geotech???s Chief Geophysicist Jean Legault, P. Geo, P. Eng. Among the
report???s findings:
1. There are as many as 10 meaningful targets within the Hay Mountain
Project area.
2. Hay Mountain contains a major anomaly centered on the geochem anomaly
reported by Liberty Star (NR
127).
From the ???Executive Summary??? Summary
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.:
???The Hay Mountain Property is mainly underlain by a thick sequence of
Paleozoic quartzite, limestone and siltstones, but potentially hosts
buried porphyry copper deposits at structural intersections and under
basin-fill formations. There is additional potential for polymetallic
carbonate-hosted replacement deposits (CRD), as well as shallow
chalcocite blanket porphyry type deposits and also skarn type porphyry
copper deposits. Previous soil and vegetation geochemical surveys have
identified a coincident Au-Pb-Cu anomaly and larger Mo-halo in the
center of the property. The objective of the ZTEM surveys is to identify
favourable magnetic and resistivity signatures related to potentially
more deeply buried porphyry copper, CRD/skarn and chalcocite replacement
deposits at Hay Mountain. The Magnetic surveys have determined that Hay
Mountain hosts a large dominant magnetic high that lies buried below the
Paleozoic sediments is centered over the Liberty Star geochemical
anomaly and remains open to the south...As many as ten (10) magnetic
anomalies have been defined.???
Company CEO/Chief Geologist Jim Briscoe???s summary: ???Geotech???s Chief
Geophysicist Jean Legault and I met for more than 12 hours in three
sessions of four hours each over the last 10 days through GoToMeeting,
me in Tucson and Legault in Canada, so we could look at the same images
at the same time to interpret the ZTEM data. With my geological
expertise in the Tombstone area and his geophysical expertise on copper
anomalies all over the world, we came to the same conclusion that there
is substantial evidence that the Hay Mountain area needs to be drilled.
While I had five targets in mind, the ZTEM report indicated 10. I am
pleased that the evidence continues to be mutually reinforcing that we
may be looking at a major porphyry copper structure. The next step is
drilling. We have a detailed cost analysis and will plot drill sites
according to what we are seeing with the ZTEM. Once funding is secured,
we will drill ASAP.???
???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 10 meaningful
drilling targets, that we have a major anomaly on our property and that
the next step is drilling. 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 recent
10-K and the Company???s other periodic reports filed from time to time
with the Securities and Exchange Commission.