Liberty Star Uranium & Metals Corp. (LBSR: OTCQB) is an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Currently the company controls properties totaling approximately 83,177 acres (about 130 square miles) which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
In 2008 Liberty Star optioned two properties in Southern Arizona. The Tombstone Super Project 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 claims were added and three claim zones defined : Walnut Creek, Tombstone South and Hay Mountain. All three areas have undergone formal review by SRK Consulting. SRK produced three separate NI 43-101 compliant technical reports for each area, all of which recommended further exploration for copper, gold, moly and other metals. Liberty Star intends to run ZTEM electro magnetic surveys over the TSP in Spring 2013, starting with the Hay Mountain claim area. The East Silver Bell Porphyry Copper Project is within the Silver Bell Mining District located northwest of Tucson, Arizona. Asarco Mining LLC with joint venture partner Mitsui Mining of Japan currently operates open pit copper mines in the area. Asarco has a solvent extraction (SXEW) plant approximately 4 1/2 miles to the west of the East Silver Bell Project property line. Liberty Star’s property includes 26 unpatented lode mining claims covering a previously unrecognized porphyry copper center. The claims currently are within the Ironwood National Monument, which was established after the claims were staked.
Through our wholly owned subsidiary, Big Chunk Corp., Liberty Star holds claims to the Big Chunk Super Project (BCSP), covering approximately 101 square miles 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.
Developments on the Big Chunk Super Project include:
- Drilling program and construction of a remote location camp on the south block - completed in September, 2012.
- NI 43- 101 compliant technical report produced by SRK Consulting in December, 2010
- ZTEM airborne geophysical survey over south block by Geotech Ltd.,completed August 31, 2009
- Extensive geochem, EM, and scout drilling 2005
Liberty Star’s North Pipes Super Project comprises 417 standard Federal lode mining claims covering over 38,000 acres in numerous blocks targeting 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. Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area. The uranium bearing pipes which were mined are the second highest grade uranium mineral deposits in the world and the highest grade in the United States. Previously mined mineralization in these pipes has graded about 0.6% to 0.7% uranium or about 12 to 14 pounds per ton. In addition to uranium they are known to contain copper, zinc, silver, vanadium, cobalt, nickel, molybdenum, gallium, germanium and other metals. Past producers have recovered copper, silver and vanadium as by-products of uranium mining.
Liberty Star Gold Corp. was founded in 2004 under the leadership of James A. Briscoe, a Registered Professional Geologist in California and Arizona. In April 2007 the company’s name and OTCBB symbol were changed to Liberty Star Uranium & Metals Corp. (ticker LBSU) to better reflect the diversity of our properties. Currently Liberty Star Uranium trades as LBSR on the OTCQB.
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