Tucson, Arizona\u2014January 9, 2008\u2014Liberty Star Uranium & Metals Corp. (the \u201cCompany\u201d), (OTCBB symbol: LBSU) is pleased to announce it has drilled or washed out 2,255 feet of hole with an average penetration rate of 161 feet per shift, during the month of December. During the washout of hole HELV-01, our diamond drill cut into the side of the distorted old hole and continued to a depth of 485 feet where the hole was lost.\u00a0 Significant intervals of bleaching, alteration, disseminated and vein iron pyrite and a five foot interval of collapse breccia, with fine disseminated iron pyrite in the matrix, were encountered.\u00a0 There was no uranium mineralization, but this is the type of halo alteration and mineralization found around previously producing ore bodies.\u00a0 Management considers this a positive indicator and believes that this demonstrates the company is on the right track.<\/p>\n
The Hafsa breccia pipe target, which has first priority status from geochem surveys and geology, is 600 feet to the west.\u00a0 The location of the HELV-01 is in deep soil cover and no Pipe structure is visible on color imagery.\u00a0 However HELV-01 is on the south edge on a profound VTEM geophysical anomaly measuring 600 plus feet wide and 1,200 plus feet long. This helicopter borne survey was done last spring. Our geophysical consultant suggested drilling it at that time. The name Helvia has been assigned to the target.\u00a0 It appears the sulfides intersected in HELV-01 are likely part of a large body of sulfide bearing rock responsible for the anomaly.\u00a0 The strongest part of this anomaly lies 320 feet north of HELV-01, and another high lies about 1,000 feet north.\u00a0 We have applied for a permit to drill the anomaly in three places.\u00a0\u00a0\u00a0 We will be using three or four angle holes at each drill site in order to determine the centroid of any breccia pipe.\u00a0 Then a vertical hole to test the pipe at the depth the uranium mineralization would be expected will be drilled. We expect to start drilling this anomaly about the fifteenth of January.<\/p>\n
Of the original fourteen holes to be washed out and re-entered, three were found not worth re-entering and three are already open leaving a total of eight in the program.\u00a0\u00a0 Five of the holes have been washed out.\u00a0 When the remaining three holes in this initial program are washed out, down hole e-logs (electrical resistance measurements) and radiometric (radioactive) surveys will be conducted in these holes to determine whether a breccia pipe and\/or uranium mineralization is present.\u00a0 These data will be compared to and integrated with surface geological and geochemical information.\u00a0 Once these data are interpreted all targets will be prioritized and the diamond drill crew will commence drilling our first priority Pipes, after the completion of the HELV-01 anomaly drill test.<\/p>\n
This is a long term project with about 300 pipe targets being evaluated and prioritized.\u00a0 Assuming available funding, drilling is hoped to be continuous 24\/7\/365 for multiple years.\u00a0 The intent is to test all Pipes and bring those with defined ore bodies into production as quickly as possible. Various proposals for additional funding have been received and are being evaluated.<\/p>\n
ON BEHALF OF THE BOARD OF DIRECTORS<\/p>\n
James A. Briscoe,
\nPresident\/Director<\/p>\n
About the Liberty Star North Pipes Super Project<\/p>\n
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.\u00a0 Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area.\u00a0 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.\u00a0 Previously mined mineralization in these pipes has graded about 0.6% to 0.7% uranium or about 12 to 14 pounds per ton.\u00a0 In addition to uranium they are known to contain copper, zinc, silver, vanadium<\/p>\n","protected":false},"excerpt":{"rendered":"
Tucson, Arizona\u2014January 9, 2008\u2014Liberty Star Uranium & Metals Corp. (the \u201cCompany\u201d), (OTCBB symbol: LBSU) is pleased to announce it has drilled or washed out 2,255 feet of hole with an average penetration rate of 161 feet per shift, during the month of December. During the washout of hole HELV-01, our diamond drill cut into the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-news-releases"],"_links":{"self":[{"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140"}],"version-history":[{"count":0,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=\/wp\/v2\/posts\/140\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}