Liberty Star Presents Red Rock Fire Analysis Results
TUCSON, AZ, November 8, 2021 (GLOBE NEWSWIRE) – Liberty Star Minerals (“Star of Liberty“ or the “Society“) (OTC markets: LBSR) updates its wholly-owned Red Rock Canyon Gold Project (RRC, the Project) in southeastern Arizona. The Company is pleased to present the results of fire assays for the presence of gold from twenty-eight samples sent to ALS Laboratories in Tucson.
This set of rock chip samples was collected in RRC zones with promising gold grades from historic drilling efforts in addition to newly located jaspoid outcrops. The assay results show gold occurrences in the historic RRC zone and gold occurrences located 2 to 2.25 miles (approximately 3.21 km to 3.62 km) from the approximate center of the previously studied area. As indicated in the Company’s November 2 press release, samples of jasperoid outcrops from historic drill holes were analyzed with 1 sample grading approximately 68 gpt / 2.18 opt * and 7 additional samples yielding grades greater than 0.5 gpt / 0.016 opt. These 28 new analyzes confirm previous findings and indicate that the gold extent of occurrence may be larger than initially predicted.
According to the technical report: Red Rock Canyon Gold Property Cochise County, Arizona, based on historical information, the RRC project may have commercially significant gold deposits on its mineral exploration permits (PEM) since historical drill holes contain interceptions that would today be economic gold grades. Liberty Star geochemical sampling results confirm these results.
States Liberty Star CEO Brett Gross: “The June 2021 technical report called our Red Rock Canyon gold project a ‘property of merit that deserves further evaluation.’ This is exactly what we are doing. The geochemical results of the rock chips confirm the historical results showing interesting gold grades. A drilling program, detailed geological mapping and induced polarization (IP) surveys are part of our efforts to determine the definition of a potential deposit.
“Brett I. Gross” Brett I. Gross
CEO / President
Liberty Star Minerals
* ALS Labs uses the designation “ppm”, parts per million, which is the same as “gpt”, grams per ton (tonne): “opt” is the conversion to ounces per tonne.
Visit lbsr.us to learn more about Liberty Star Minerals and the Red Rock Canyon Project, including images, maps and technical reports
About Liberty Star Liberty Star Uranium & Metals Corp. (LBSR: OTCQB), d / b / a Liberty Star Minerals, is an Arizona-based mineral exploration company engaged in the acquisition, exploration and development of mineral properties in Arizona and the Southwestern States -United. Currently, the company controls properties which are located on what management considers to be some of the richest mineralized regions in North America for copper, gold, silver, molybdenum (molybdenum) and associated metals. . The Company’s properties are the Hay Mountain Project (exploration stage) for porphyry copper, gold, molybdenum and other commercially important minerals. Specific targets have been selected to explore near-surface and deep-lying orebodies, of which there are many analogues nearby. Contiguous to the main Hay Mountain porphyry exploration target and part of the overall Hay Mountain project, is an increasingly attractive zone of gold mineralization at the exploration stage referred to as Red Rock Canyon. Red Rock Canyon features what we believe are promising large hydrothermal gold structures that are documented in the company’s public and historical records (see related press releases and social media for more information). The Hay Mountain project is located in Cochise County (southeast) in Arizona, United States.
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Forward-looking statements Certain information contained in the public release may contain “forward-looking statements”, as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. All statements contained in this document that are not historical facts are forward-looking statements that involve risks, uncertainties and other factors which are unforeseeable and beyond the control of the Company or management, which could cause so that actual results, developments and business decisions differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements may include, but are not limited to, the Company’s business strategies, management assumptions, current or future transactions, future estimated mineral resources or grades, investments, asset valuations, anticipated permits and approvals and other information which may be based on forecasts of future exploration, operational or financial results or estimates of matters not yet determinable. Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance using words or phrases like the following may be statements prospective: “estimate”, “intend”, “believe”, “expect”, “anticipate”, “plan”, “possible”, “continue” “could”, “could”, “could” , “Could” or similar words or expressions. Important factors that could differ materially from the expectations of the Company and management include, among others, risks related to unsuccessful exploration results, metal prices, fluctuations in currency prices, international markets, conclusions of economic assessments and changes in project parameters as plans continue. to be refined as well as changes in the availability of financing for mineral exploration and development and general economic conditions.
Additional information about these factors, risks and uncertainties on which forward-looking statements are based is discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2021, as updated from time to time. in documents filed by the company with securities. and the Foreign Exchange Commission. The Company is not responsible for updating the information contained in this public press release beyond the date of presentation or the date of publication, nor for changes made to this document by communication services or Internet services. . The risk factors for the business are described in 10-K and other periodic documents filed with the SEC on EDGAR (ref. Liberty Star Uranium & Metals, Corp.).
Regulation SK 1300 Questions On October 31, 2018, the United States Securities and Exchange Commission adopted Subpart 1300 of Regulation SK (“Regulation SK-1300”) to modernize property disclosure requirements for mining filers, and related guidance, under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All registrants are required to comply with By-law SK-1300 for fiscal years ending after January 1, 2021. Therefore, the Company must comply with By-law SK-1300 for its fiscal year ending on January 31, 2021. By-law SK -1300 uses the Committee for Mineral Reserves Classification System for Mineral Resources and Mineral Reserves Based on International Reporting Standards (“CRIRSCO”), which includes definitions of Inferred, Indicated and Measured Mineral Resources. Liberty Star is an “exploration phase transmitter” as defined in Subpart 1300. It currently has no exploration results, mineral resources or mineral reserves to report. or disclosures regarding exploration results, mineral resources or mineral reserves as defined in By-law SK-1300. Therefore, the Company is not required, at this time, to obtain or provide a summary of the technical report as defined in regulation SK-1300. U.S. investors are cautioned not to rely on or assume for any purpose that any part of the Company’s mineralized real estate in these categories will ever be converted into Inferred, Indicated and Measured Mineral Resources or Probable Mineral Reserves or proven within the meaning of Regulation SK 1300.
EXCEPT AS EXPRESSLY STATED IN THE SIDE OF THIS INFORMATION, NOTHING CONTAINED IN THIS PUBLIC RELEASE IS OR PRESENTS A SUMMARY OF A TECHNICAL REPORT PREPARED BY A QUALIFIED PERSON IN ACCORDANCE WITH THE REQUIREMENTS OF SUBPART 1300 OF THE EXCHANGE OF SECURITIES COMMISSION REGULATIONS SK.
|08 November 2021
Liberty Star Minerals |
Liberty Star Uranium & Metals Corp.
Liberty Star Minerals
Tracy Myers, Investor Relations
520-425-1433 – [email protected]
Liberty Star Uranium & Metals Corp.