Hay Mountain Project Update: New Arizona Mineral Exploration Permits and Assessment Work Completed

Feb 03, 2021
Liberty Star Minerals
LBSR: OTC Markets
http://www.lbsr.us

FOR IMMEDIATE RELEASE

TUCSON, AZ–(Feb 03, 2021)–Liberty Star Minerals (“Liberty Star” or the “Company”) (OTCPK: LBSR) is pleased to announce that the Arizona State Land Department (ASLD) has returned to the Company completed Mineral Exploration Permits (MEPs) thus securing needed access to primary transportation corridors and operational flexibility at the Hay Mountain Project (Update 215).  The five MEPs applied for in October 2020 were processed and completed in twelve weeks. The company has also recently received executed renewal endorsements on thirteen other MEPs.

Additionally, Liberty Star reports the completion of 2020 ASLD required assessment work on MEPs in the Red Rock Canyon, Target 1 and Robbers Roost areas of the Hay Mountain Project (see Hay Mountain Claim Map). The assessment work was outlined in Liberty Star’s most recent Geologic Field Operations Plan (GFOP) approved by the ASLD.

Two tasks were outlined in the January GFOP:

  1. The collection of rock chip samples for geochemical analysis. We collected twenty-eight samples according to industry standard chain of custody protocols and delivered them to the Tucson Branch of ALS Geochemistry Laboratories for assay. The Company expects assay results within the next two weeks.
  2. We also accomplished detailed outcrop and alteration geologic mapping using a hand-held Niton XRF analyzer on exposed outcrops on ground fractures and outcrops over MEP land in the Red Rock Canyon and Target 1 areas of the Hay Mountain Project. We collected 163 readings.

Comments CEO Brett Gross:” We are very pleased with the MEP process at the Arizona State Land Department. We are moving through this regulatory process quickly and with good communication and transparency from that agency. While I can’t discuss specifics yet, the outcrop mapping process with the Niton equipment reinforces previous assessments of Target 1 and adds important detail to our understanding of the Red Rock Canyon as a potential gold prospect.”

“Brett I. Gross” Brett I. Gross
CEO/President
Liberty Star Minerals

Visit lbsr.us for more about Liberty Star Minerals & the Hay Mountain Project, including images, maps and technical reports

Forward Looking Statements       Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2020, as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this update release beyond the published date, or for changes made to this document by wire services or Internet services.  Risk factors for our company are set out in our 10-K and other periodic filings with the SEC on EDGAR (ref. Liberty Star Uranium & Metals, Corp.).

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Contact:
Liberty Star Minerals
Tracy Myers, Investor Relations
520-425-1433 –  info@lbsr.us

 

Update # 2101

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