Liberty Star's Hay Mountain ZTEM Program Expanded & Flight Commenced
TUCSON, Ariz.--(BUSINESS WIRE)-- Liberty Star Uranium & Metals Corp. ("Liberty Star" or the "Company") (LBSR: OTCQB) is pleased to announce that the current ZTEM flight plan has been expanded from 786.3 line kilometers (@200 m line spacing) to 1805 line kilometers (@200 m and @400 m line spacing). The 786.3 km @200 m line spacing is over Hay Mountain proper and other critical areas, while the 400 km line spacing is related to reconnaissance surveying over prospective ground. This has resulted in more than double the size of the survey area and a reduction in the cost per flight kilometer of about 11%. This survey now covers the entire Tombstone caldera east of the San Pedro River, Cochise County, Arizona.
The fixed wing overflight (NR 151) has commenced over the Hay Mountain property as of Monday morning, June 17th, 2013. The flight line readings will investigate the geophysical response as a single block measuring the surveyed area. According to Geotech, their proprietary receiver design using the advantages of modern digital electronics and signal processing delivers exceptionally low-noise levels. The result is unparalleled depth of investigation in precision electromagnetic measurements with a geophysical measurement every 8.5 meters along the lines and a penetration of approximately 6,000 feet below the land surface. Liberty Star's target elements are gold, copper, moly, silver, rare earth metals, lead and zinc, along with other byproduct metals occurring in a porphyry gold copper environment, as indicated by Liberty Star's detailed geologic and geochemical survey results (NR 127).
As of June 17th Geotech staff reports that testing at its recoding base on Federal land within the Hay Mountain area is completed. The US Army base at Ft Huachuca granted permission for test flights this past Saturday and Sunday, June 15th and 16th. All the test flights proved satisfactory: data collection overflights commenced on Monday, June 17th. The speed of completion of the survey will be dependent on how many flying hours are available each day. This is now monsoon season in southeast Arizona, and the survey craft cannot be flown during periods of turbulent air due to heat and thunderstorms. Flights will start at daybreak and terminate either at dusk or when turbulence is encountered.
"James A. Briscoe" James A. Briscoe, Professional Geologist, AZ CA
Liberty Star Uranium & Metals Corp.
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include our exploration plans, that ZTEM will be flown over the Hay Mountain and other critical areas. Factors which may delay or prevent these forward-looking statements from being realized include: we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; there may be cost overruns; misinterpretation of data is possible; and we may be unable to continue exploration due to permitting requirements, 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.
KEYWORDS: United States North America Arizona
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