Gold, Copper Exploration Drilling Update on Big Chunk Super Project, Alaska
August 28 2012 - 2:27PM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the
“Company”)(LBSR: OTCQB) is pleased to announce the Company has
received word from the field that drilling has progressed to about
500 feet at target #1 (of 12), drill hole #1 on the Big Chunk Super
Project, south block. The target for this hole is a depth of 1,650
feet (500 meters) where ZTEM data shows a profound
resistivity (sulfide?) low which may equate to a porphyry
copper center.
Field Geologist Gregory McGilvray reports that the Liberty Star
drillers have intersected black altered sedimentary-volcanic rock
commonly known as “hornfels.” This rock has disseminated iron
sulfide (pyrite) in it.
The drilling has been rapid. The geologic crew is still catching
up with the logging, which includes recording data with the digital
data logger, high resolution photography, scanning by a XRF
analyzer, a magnetic and electronic susceptibility meter, and ultra
violet light. All data will be recorded on the Big Chunk field camp
computer server and then transmitted by a satellite uplink to the
Internet, and batch transmitted and captured on the Tucson office
server for distribution and analysis by the appropriate experts on
our Technical Advisory Board, as well as Chief Geologist Jim
Briscoe and other specialists when needed. Core cutting and assay
procedures have been discussed in News Release 133, August 6,
2012.
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ
CACEO/Chief GeologistLiberty Star Uranium & Metals Corp.
About the Big Chunk Super Project:
Liberty Star, through its wholly owned Alaska subsidiary, Big
Chunk Corp., holds exclusive mineral exploration rights to 612
state mining claims in two blocks covering approximately 177 square
miles in southeastern Alaska. The Big Chunk claims were initially
staked in 2003 along the Big Chunk caldera, which is believed to
host Northern Dynasty Minerals’/Anglo American’s Pebble project.
Liberty Star is currently conducting exploratory drilling on
specific targets for porphyry copper, gold, molybdenum (moly),
silver and zinc. SRK Consulting submitted a NI 43-101 compliant
technical report on the Big Chunk Super Project in 2010. It is
available on Liberty Star’s web site
www.libertystaruranium.com.
Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include ZTEM data shows a profound
resistivity (sulfide?) low which may equate to a porphyry
copper center. Factors which may delay or prevent these
forward-looking statements from being realized include: the failure
of our exploration program to identify targets; we may not be able
to raise sufficient funds to complete our intended exploration,
keep our properties or carry on operations; and an inability to
continue exploration due to 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.