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posted on
Oct 12, 2019 02:28PM
Combining Classic Mineral Exploration with State of the Art Technology
CORRECTION! ON RE-READ, THIS WORK IS ON THE "NEW" LANDS - SEE BELOW (BOLDED):
TUCSON, AZ–(September 30, 2019)–Liberty Star Minerals (“Liberty Star” or the “Company”) (OTCPK: LBSR) is nearing completion of required Arizona State Land Department (ASLD) assessment work on HMN Mineral Exploration Permit (MEP) lands by the October 4, 2019 deadline for the HMN block. Liberty Star acquired the HMN block in October 2018. This block of MEP lands, adjacent to, and contiguous with, the Company’s original Hay Mountain Project (the “Project”), added approximately 6 square miles nearly doubling the size of unpatented mineral holdings at the Project.
Field Manager Jay Crawford used a ThermoFisher Scientific Niton XL3t GOLDD+ x-ray fluorescence (XRF) handheld device to conduct geochemical surface studies over the area and has extended the biogeochemical study area to include HMN, fulfilling ASLD annual assessment requirements. Jay reports the equipment worked efficiently and produced high quality data and he looks forward to the November delivery of a brand new, and more sophisticated, Niton XL5 XRF device.
“This type of assessment work does much more than simply satisfy ASLD MEP retention requirements. It significantly increases our understanding of the potential mineral content of these lands,” said Mr. Gross, President and CEO of the Company, “We are very optimistic that this work will produce the types of confirming correspondence with the existing geophysical (ZTEM) signature already apparent in the HMN block that the same work has done at the original Hay Mountain Project site next door. We believe this data will dramatically expand the compelling geophysical and geochemical indicators of potential mineralization present throughout the Project, and is further evidence of a porphyry cluster related to the larger Tombstone caldera.”