TheOTCInvestor.com: Liberty Star (LBSR) Pays 2012-2013 Claims Rent on Big Chunk Super Project

Liberty Star (LBSR) Pays 2012-2013 Claims Rent on Big Chunk Super Project

By Justin Kuepper · Thursday, November 29th, 2012

Liberty Star Uranium & Metals Corp. (OTCQB: LBSR), a mineral exploration company engaged in the acquisition and exploration of mineral properties in Arizona and Alaska with properties that it considers some of North America’s richest mineralized regions, similar to companies like Rio Tinto plc (NYSE: RIO) and Copper Fox Metals (CVE: CUU), recently announced that it paid its 2012-2013 claims rent on its Big Chunk Super Project in Southwest Alaska. Previously the Company had filed Assessment on all Alaska claims on or before September 1, 2012, validating them for the coming Assessment year. Liberty Star is well positioned to continue exploration across all of its properties to ultimately unlock shareholder value. In total the company has made payments and holds valid claims as follows:

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PROJECT

Federal Claims

Acreage

Sq Miles

Silverbell, AZ

26

536.03

0.84

Walnut Creek, AZ

42

783.39

1.22

Hay Mountain, AZ

57

1095.18

1.71

North Pipes, AZ

417

8607.64

13.45

State Claims

Hay Mountain, AZ

15

7515

11.74

Big Chunk, AK

413

64640

101

TOTAL AREA =

83177.23

129.96

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (LBSR: OTCQB) is pleased to announce the Company has made payment for 413 state mining claims to the Alaska Department of Natural Resources. The total, $113,120, covers fees and associated filing costs for claims rental through November 30, 2013.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

 

Liberty Star, through its wholly owned Alaska subsidiary, Big Chunk Corp., holds exclusive mineral exploration rights to 413 state mining claims in two blocks covering approximately 101 square miles in southwest 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 engaged in exploratory drilling for porphyry copper, gold, molybdenum (moly), silver and zinc in 2004, 2005, and 2012. The Company has also conducted extensive geochemical and geophysical studies over its claims, including a ZTEM survey of the BCSP’s south block in 2009. SRK Consulting submitted a NI 43-101 compliant technical report on the Big Chunk Super Project in 2010: available on Liberty Star’s website libertystaruranium.com.

http://theotcinvestor.com/liberty-star-lbsr-pays-2012-2013-claims-rent-on-big-chunk-super-project-5456/

 

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