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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Liberty Star Uranium and Metals Corporation (QB) | USOTC:LBSR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05235 | -17.45% | 0.24765 | 0.2426 | 0.25 | 0.30 | 0.23625 | 0.30 | 122,989 | 21:00:00 |
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (LBSR: OTCBB) is pleased to provide an update of exploration activity on its Hay Mountain claims. 608 soil samples collected over approximately 22 square miles (NR 114) were sent to the ALS Minerals (ALS-Chemex) certified geochemical analysis lab in Vancouver, British Columbia, where they were tested for the presence of 64 different elements.
ALS has returned all of the geochemical soil samples results for all elements requested, to Liberty Star’s Tucson office. The assays have been entered into an ARC GIS (Geographic Information System) database from which contour maps are being produced. Additionally, enhanced satellite imagery (digital space photos) is being analyzed for geology and alteration, and the various geochemical contours are superimposed on this imagery. This work has produced a variety of interesting and surprising (unexpected) results that require further in-depth analysis. Chief Geologist and Company CEO James A. Briscoe and his team have made the following preliminary observations:
The vegetation sample assays are coming in, and these results will be plotted just like the soil and rock chip samples have been. Our interpretation of them will be compared to the other two sample types. Updates will be reported as progress is made.
“James A. Briscoe”
James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist Liberty Star Uranium & Metals Corp.Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that we will undertake a ZTEM survey in spring or summer; that we will re-assay results for rare earth metals; and vegetation samples will be plotted.
Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our exploration program to identify targets; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
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