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Liberty Star's Hay Mountain Project Update: ZTEM

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By Business Wirevia The Motley Fool

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Liberty Star’s Hay Mountain Project Update: ZTEM

TUCSON, Ariz.–(BUSINESS WIRE)– Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce geophysical contractor Geotech Ltd.(“Geotech”) has proposed a money saving program of fixed wing aircraft (vs helicopter) borne ZTEM geophysical surveys over the Hay Mountain target and the Tombstone Super Project in Cochise County, Arizona.

Geotech geophysicists are currently adjusting flight lines and preparing a new bid for the ZTEM survey which the Company hopes to fly as soon as possible, possibly by the end of the month.

Other Hay Mountain news:

  1. The 2nd archeological study (NR 149) has been submitted to the Arizona State Land Department and along with the previously submitted archaeological study (Feb 21, 2013) awaits comment and award of permit from State officials. No significant artifacts were located in either area.
  2. Geochemical field work will proceed on the State MEP portions Hay Mountain claims as soon as those permits have been received from the State. When these rock chip, soil, and vegetation samples are assayed all 17 rare earth elements (REEs) will be included in the analysis array, instead of only four REEs previously included in the first assay package of the area (NR 127).
  3. Analytic maps of the area are, and have been in preparation. A few of these will be made available through the Liberty Star website (www.libertystaruranium.com) in due course.

Comments CEO/Chief Geologist Jim Briscoe: “While we would like to move even faster on our Hay Mountain project it is clear we are progressing toward drilling. ZTEM electromagnetic (EM) studies are essential to a modern, efficient drilling program in the porphyry copper-caldera setting and I believe the surveys will identify strong porphyry copper and associated metals targets. Should we obtain adequate funding, the process can continue quite soon.”

About Hay Mountain, Southeast Arizona

The Hay Mountain block of the Tombstone Super Project (Cochise County, Arizona) consists of 57 unpatented federal lode mining claims in addition to 15 Arizona State Mineral Exploration Permits (MEPs). MEPs are the first step in completing an Arizona State Land Mining Lease. The Company has completed the required assessment work to hold the MEPs. This land position …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Copper, Gold, REE Explorer Liberty Star Operations Update, Southeast Arizona

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By Business Wirevia The Motley Fool

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Copper, Gold, REE Explorer Liberty Star Operations Update, Southeast Arizona

TUCSON, Ariz.–(BUSINESS WIRE)– Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(LBSR: OTCQB) is pleased to announce a tentative schedule beginning in mid- to late April for a ZTEM airborne electromagnetic survey over the Company’s Hay Mountain claims in Cochise County, Arizona. Liberty Star has set up a separate operating account for the Hay Mountain portion of the Tombstone Super Project and has deposited $50 thousand in that account. Additional funds will be directed into this account to pay for ZTEM, geochem and diamond drilling. Geotech believes that electromagnetic conditions will be good for the airborne survey as early as mid- to late April. The helicopter borne flight will take about a week, assuming good weather. Modeling and analysis of the data will take approximately 2 weeks.

Other highlights for the 1st quarter 2013:

  1. Operational overhead has been substantially reduced. The Company no longer maintains offices separate from the Kolb Rd. warehouse, and the small headquarters office at Sutler Lane, central Tucson. A new accounting firm has been engaged based on its competitive pricing and specialization in the small cap and mining industries. These and other measures will save approximately $150,000 per year in operating overhead.
  2. The second archeological study announced in NR 148 (Feb 22 “Liberty Star Completes Archeological Study on Hay Mountain MEPs“) has been completed and has been sent to the Arizona State Land Department in order that we can obtain permits for geochem sample collection and future drill siting if warranted in our northern most MEPs (Mineral Exploration Permits). No archaeological remains were identified in this survey.

Comments CEO and Chief Geologist Jim Briscoe: “By cutting costs on an already lean operation and judiciously drawing down on the Deer Valley funding we are able to move ahead at Hay Mountain. ZTEM will allow us to manage our targets efficiently and at a substantially lower cost than without it. I was an early adopter of ZTEM technology, which is now almost a standard procedure for porphyry copper targets throughout the world.”

About Hay Mountain, Southeast Arizona

The Hay Mountain block of the Tombstone Super Project (Cochise County, Arizona) consists of 57 unpatented federal lode mining claims in addition to 15 Arizona State Mineral Exploration Permits (MEPs). MEPs …read more
Source: FULL ARTICLE at DailyFinance