Liberty Star Uranium & Metals Corp. (LBSR: OTCQB) is an Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA. Currently the company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
The Tombstone Super Project (TSP) hosts Liberty Star’s premiere multi target property: Hay Mountain. The TSP initially consisted of 33 unpatented federal lode mining claims over a projected covered porphyry copper mineral center in Cochise County, Arizona. In 2011 and 2012 more USBLM claims and Arizona Mining Exploration Permits were added after Chief Geologist James Briscoe discovered a large multimodal anomaly over a large covered porphyry copper mineral center within the larger TSP area. Currently, the TSP including the Hay Mountain Project entails a 42 square mile area of interest. The entire claim area has undergone formal review by SRK Consulting. SRK produced three separate technical reports (technical reports per USSEC) which recommended further exploration for copper, gold, moly and other metals. In 2012 geochemical analysis revealed the presence of four of the seventeen rare earth elements. LBSR will undertake additional sampling and analysis of this surprising finding as soon as possible. Liberty Star contracted Geotech Ltd. to run ZTEM electro magnetic surveys over the TSP in 2013, starting with the Hay Mountain claim area. Final Draft submitted Dec 10,2013 .
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.” (see NR 170, 12/11/2013)
The Company seeks 9 million dollars to conduct Phase 1 exploratory drilling at Hay Mountain.
We maintain two other claim blocks in Arizona, both are exploration stage: The East Silver Bell Porphyry Copper Project is within the Silver Bell Mining District located northwest of Tucson, Arizona. Liberty Star’s North Pipes Super Project targets breccia pipe hosted uranium deposits. The breccia pipes are part of the large uranium bearing breccia pipe terrain which occurs on the Arizona Strip lying just south of the Utah border.
Through our wholly owned subsidiary, Big Chunk Corp., Liberty Star holds claims to the Big Chunk Super Project (BCSP), in southwestern Alaska, targeting copper, gold and molybdenum. The Big Chunk lands are within nine miles the Pebble property, which promises to be among the richest mining districts in the world for copper, gold and moly for decades to come.