Liberty Star presents new technical report on Gold prospect
TUCSON, AZ, May 21, 2021 (GLOBE NEWSWIRE) – Liberty Star Minerals (“Liberty Star” or the “Company”) (OTCPK: LBSR) is pleased to announce the public publication of its latest technical report. The Red Rock Canyon Gold Property Cochise County, Arizona Technical Report (“RRC Technical Report” “The Report”) was prepared by Broadlands Mineral Advisory Services Ltd., owned and operated by Liberty Star Independent Director Bernard J. Guarnera, P .ENG. , QP, CMA. Mr. Guarnera wrote the report. His findings include that the Red Rock Canyon area contains “gold at grades that are now considered economical.” (p.1) Further, compilation of previous drill results, by others, as noted in the report, (p.30) indicates that 12 of the 17 intersections reported gold at grades above this which is considered current cut-off grades, 0.022 oz per tonne. (0.68 gpt). These historic intersections range from five (5) to forty-five (45) feet in vertical extent and reveal multiple mineralized zones. The grades in the most important intersections reach 0.182 ounces per tonne (5.66 gpt). In addition, Liberty Star collected fifteen (15) other rock samples during a recent field visit to the vicinity and locations of previous drilling. We expect further field trials to confirm similar grades in the corresponding outcrops. These scan results are forthcoming and will be posted on the Liberty Star website.
While other Liberty Star technical reports have focused on the porphyry copper potential of the company’s Hay Mountain project, Mr. Guarnera here brings his expertise to the service of the recently acquired Red Rock Canyon (RRC) area and its gold potential. In addition to three recent field trips (2020, 2021), Mr. Guarnera investigated previous findings, including geochemical studies, geophysical surveys, field notes and drill records. Based on the surface survey results combined with previous drilling information, Guarnera concludes that further diamond drilling aimed at expanding the geographic scope of economic gold concentrations certainly has merit.
The Red Rock Canyon area includes 6,653 acres of Arizona MPs and 320 acres of unpatented federal mineral claims. The area was separated from the larger block of the Hay Mountain project after examining the jasperoid bodies that showed significant gold values.
Mr. Guarnera has extensive experience with porphyry copper and gold deposits and is considered a Professional / Qualified Person. The CRR technical report is written in accordance with the format required by securities regulators.
Liberty Star adds further technical data to the Password Required for Reviewer Documents page on LBSR.us. Each of these documents was the primary source for the CRR technical report. Included is the 2011 SRK Consulting Hay Mountain Exploration Report, also geologist reports and drill results on file with the Arizona Geological Survey. The company expects the latest geochemical analysis results described in CRR’s technical report to be available on the website soon.
The RRC technical report reinforces Liberty Star’s efforts to converge on the region’s gold potential. In the company’s November 2020 update, CEO Brett Gross said, “We believe this potential resource, if proven, could present a significant opportunity to generate early cash flow for the project in the future. as a whole, creating a heavily exploited improvement in the total financial model of the project. and dramatically improves Hay Mountain’s chances of success. As promised in this update, Liberty Star continues to publish its scientific data.
“Brett I. Gross” Brett I. Gross
CEO / President
Liberty Star Minerals
About Liberty Star Minerals: Liberty Star Minerals (LBSR: OTCPK) is an Arizona-based mineral exploration company engaged in the acquisition, exploration and development of mineral properties in Arizona and the Southwestern United States. Currently, the company controls properties located in what management considers to be some of the richest mineralized regions in North America for commercially important metals, particularly copper, gold, silver and molybdenum (moly ). Liberty Star’s principal property is the Hay Mountain Project in Cochise County, Arizona, in a well-established mining district with many active and emerging mines, primarily for porphyry copper, gold and associated metals and minerals. Liberty Star holds Arizona State Mineral Exploration Permits (MEPs) and federal mining claims covering 16,888.42 acres. The town of Tombstone, Arizona is 6.45 miles to the northwest.
Visit lbsr.us to learn more about Liberty Star Minerals and the Hay Mountain Project, including images and maps, and technical reports. Visit the Geoscience reports webpage to register for in depth technical reports.
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Forward-looking statements Certain information contained in the public press release may contain “forward-looking statements”, as defined in the US Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933, as amended, and the 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 unforeseeable factors beyond the control of the Company or management, which could cause that actual results, developments and business decisions differ materially from those expressed or implied in 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, planned permits and approvals and other information that 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 such as the following may be forward-looking statements :: “estimate”, “intention”, “Believe”, “expect”, “anticipate”, “plan”, “potential”, “continue” “may”, “could”, “could”, “ would like ”or similar words or phrases. 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 upon which the forward-looking statements are based is set out in the Company’s Annual Report on Form 10-K for the year ended January 31, 2021, updated from time to time in the documents. deposited by the company with the securities. and Exchange Commission. The Company is not responsible for updating any information in this public version beyond the date of presentation or the date of publication, or for changes made to this document by wire services or Internet services. . The risk factors to the company are set out in 10-K and other periodic SEC filings on EDGAR (ref. Liberty Star Uranium & Metals, Corp.).
SK 1300 regulation is important On October 31, 2018, the United States Securities and Exchange Commission adopted Subpart 1300 of Regulation SK (“Regulation SK-1300”) to modernize the ownership disclosure requirements for listed mining companies, as well as the guidelines related, under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All registrants are required to comply with Regulation SK-1300 for fiscal years ending after January 1, 2021. Therefore, the company must comply with Regulation SK-1300 for its fiscal year ending January 31, 2021. Regulation SK -1300 uses the Committee for Mineral Reserves International Reporting Standards (“CRIRSCO”) based on a classification system for mineral resources and mineral reserves, which includes definitions for inferred, indicated and measured mineral resources. Liberty Star is an “exploration phase issuer” as defined in Subpart 1300. It currently has no exploration results, mineral resources or mineral reserves to report, therefore, no information, opinion or data included on the website or in any public publication does not include information or disclosures regarding exploration results, mineral resources or mineral reserves as defined in Regulation SK-1300. Therefore, the company is not required, at this time, to obtain or provide a technical report summary as defined in SK-1300. U.S. investors are cautioned not to rely on or presume for any purpose that any portion 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 EXPRESSLY EXPRESSLY STATED ON THE FACE OF SUCH INFORMATION, NOTHING CONTAINED IN THIS PUBLIC RELEASE IS, OR IS, A SUMMARY OF THE TECHNICAL REPORT PREPARED BY A QUALIFIED PERSON IN ACCORDANCE WITH THE REQUIREMENTS OF SUBPART 1300 OF THE EXCHANGE OF SECURITIES COMMISSION RULES SK.
Liberty Star Minerals
Tracy Myers, Investor Relations
520-425-1433 – [email protected]