{"id":347,"date":"2008-04-29T13:59:12","date_gmt":"2008-04-29T20:59:12","guid":{"rendered":"http:\/\/www.libertystaruranium.com\/?p=347"},"modified":"2012-03-15T06:50:09","modified_gmt":"2012-03-15T13:50:09","slug":"nr-74-liberty-star-options-porphyry-copper-targets-in-arizona-and-a-precious-metal-target-in-nevada","status":"publish","type":"post","link":"https:\/\/www.libertystaruranium.com\/?p=347","title":{"rendered":"NR 74 – Liberty Star Options Porphyry Copper Targets In Arizona and a Precious Metal Target In Nevada"},"content":{"rendered":"
\n

Tucson, Arizona\u2014April 29, 2008\u2014Liberty Star Uranium & Metals Corp. (the \u201cCompany\u201d), (OTCBB symbol: LBSU) is pleased to announce\u00a0 that the Company has leased, with an option to purchase, three properties from JABA US Inc. in Arizona and Nevada, USA.\u00a0 Liberty Star President James A. Briscoe controls JABA US INC and Dr. J. M. Guilbert, Director of the Company, holds a small stock position as well.\u00a0 The properties in Arizona have potential for copper, moly, gold, silver lead and zinc and are porphyry copper, targets for which Arizona is well\u00a0 known.\u00a0 The property in Nevada has potential for disseminated gold and silver.\u00a0 Liberty Star can earn up to 100% interest in the three properties by keeping up annual assessment work and spending $175,000 in exploration expenditures on the properties between April 2008 and January 1, 2011.\u00a0 The Company will pay JABA US Inc. a sliding scale NSR royalty from production on the properties related to grade of metal production. The option on these properties will give the company additional opportunities to participate in high copper, molybdenum and precious metal prices from prospects in long established mineral districts.
\nBeatty Mining District, Nevada \u2013 The Providence Patented Mining Claim This patented mining land lies on and forms the northeastern pit wall of the Montgomery-Shoshone (M-S) open pit, mined in the 1990s by Lac Minerals and others for disseminated gold and silver.\u00a0 A parallel vein system continuous from the M-S open pit on the Providence has yet to be drill tested for disseminated precious metal mineralization.\u00a0 The Providence Mine was historically the second most productive mine in the southern part of the Beatty mining district, after the M-S.
\nSilver Bell Mining District, Arizona \u2013 East Silver Bell project — This area is contiguous with patented mining claims owned by ASARCO Mining LLC (ASARCO) and includes 26 unpatented lode mining claims. They cover a previously unrecognized porphyry copper center in the Silver Bell mining district.\u00a0 Recognition of small amounts of leached capping in the Silver Bell caldera moat structure on the far eastern end of the district led to methodical prospecting by geochemical, geophysical, geologic and leached capping interpretation by Jim Briscoe and Dr John Guilbert.\u00a0 Shallow rotary drilling by Valarie Gold Corp. in 1996 revealed profound leached capping typical of the other ASARCO porphyry copper mines in the district at Oxide, El Tiro and North Silver Bell open pit mines.\u00a0 Drilling at that time did not penetrate this capping, thicker than typical in the exposed part of the district.\u00a0 Later, circa 1997 Kennecott Exploration drilled two rotary drill holes.\u00a0 One of these was lost and one penetrated to 1,000 feet cutting sulphides and a small amount of chalcocite enrichment.\u00a0 Because of low copper prices Kennecott relinquished the ground.\u00a0 Part of the mineral body may lie on ASARCO patented land.\u00a0 The ASARCO SX\/EW (solvent extraction\/electro winning) plant is approximately 4 to 5 miles to the west.\u00a0 This could be a processing source for a heap leach or an in situ leaching operation.\u00a0 No grade or tonnage figures have been developed for this mineral zone.\u00a0 The claims are within the Ironwood National Monument, which was established after the claims were staked.
\nTombstone, Arizona \u2013 Tombstone Porphyry Center — These claims consist of 33 unpatented lode mining claims over a projected covered porphyry copper mineral center.\u00a0 Mining exploration effort over the last two decades by Jim Briscoe together with data from studies of numerous prospectors, geologists and mining engineers since the Tombstone mines discovery in\u00a0 1887 revealed strategic exploration guides to mineralization in the Tombstone Hills mining districts, now recognized as part of a large volcanic<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Tucson, Arizona\u2014April 29, 2008\u2014Liberty Star Uranium & Metals Corp. (the \u201cCompany\u201d), (OTCBB symbol: LBSU) is pleased to announce\u00a0 that the Company has leased, with an option to purchase, three properties from JABA US Inc. in Arizona and Nevada, USA.\u00a0 Liberty Star President James A. Briscoe controls JABA US INC and Dr. J. M. Guilbert, Director […]<\/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-347","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\/347","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=347"}],"version-history":[{"count":0,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=\/wp\/v2\/posts\/347\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.libertystaruranium.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}