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Liberty Star Uranium & Metals Corp. (LBSR: OTC) combines classic mineral exploration with state-of-the-art technology to enhance shareholder value. The company's primary project, Hay Mountain, is situated in the historic Tombstone mining district in southeast Arizona. Liberty Star controls properties in some of North America's most mineral-rich regions for copper, gold, silver, molybdenum (moly), and uranium. Ongoing near-surface and deep exploration programs are in progress.
Liberty Star Minerals (OTCMarkets: LBSR) has entered into a $10,000,000 Equity Financing Agreement with GHS Investments, on September 25, 2024. The agreement provides Liberty Star with 'put' rights for funds totaling $10 million over a 2-year term. The company plans to use these funds to further explore its properties in Cochise County, Arizona, particularly the Red Rock Canyon Gold Project (RRC) within the larger Hay Mountain Project.
The RRC property is believed to contain commercially important metals associated with porphyry copper-gold-moly geologic structures. Liberty Star's Chief Geologist, Jim Bryce, initiated an extensive channel sampling program in March 2024, considering it equivalent to horizontal drill holes. The company aims to generate a near-surface gold resource and provide direction for future drilling, especially as gold prices reach new highs.
Liberty Star Minerals (OTCMarkets: LBSR) has announced promising gold assay results from its ongoing channel sampling program at the Red Rock Canyon Gold Project in Cochise County, Arizona. Highlights include:
1. An exceptional gold assay value of 85.8 g/t from a jasperoid breccia sample.
2. Another sample returning 38.3 g/t Au, also from a jasperoid breccia.
3. A 14-foot-long channel sample with a weighted average of 0.9 g/t Au over 10 feet.
These results suggest extensive mineralization and present a high-priority drill target. The company's exploration team continues to map, survey, and sample jasperoid lenses throughout the area, with plans to incorporate this data into 3D modeling software to guide future drilling programs.
Liberty Star Minerals (OTCMarkets: LBSR) has announced the payment of federal land claims fees for its Hay Mountain and Red Rock Canyon Gold exploration properties in Cochise County, Arizona. The company paid $18,600 to the Bureau of Land Management for 93 unpatented federal lode mining claims covering 1,594.68 acres within the Hay Mountain Project, including 6 claims comprising 320 acres within the Red Rock Canyon Gold property. These payments cover the period 2024-2025. Liberty Star also confirmed that additional Mineral Exploration Permit (MEP) payments due to the Arizona State Land Department throughout the year are current.
Liberty Star Minerals (OTCMarkets: LBSR) has appointed Gerardo King as a new Director to its Board, effective immediately. Mr. King brings over 25 years of experience in financial services and the mining industry, with expertise in finance, financial structuring, mergers & acquisitions, and advisory services.
As the founder and CEO of Tamesis, a regional boutique investment bank, Mr. King oversees a diverse portfolio across the U.S.A., Latin America, and Europe. He has successfully closed transactions worth over $25 billion throughout his career. Mr. King also serves as a board director at Peak 10 Energy.
Pete O'Heeron, Chairman of Liberty Star Minerals, expressed confidence in Mr. King's expertise, particularly in mining joint ventures, which could benefit the company's mineral opportunities at Hay Mountain and Red Rock Canyon.
Liberty Star Minerals has reported initial channel sampling assay results from its Red Rock Canyon Gold Project in southeast Arizona. The findings include bonanza-grade gold samples with values up to 85.8 g/t. The project, part of the Hay Mountain Project, appears promising for high-grade gold near the surface, correlating with prior geochemical sampling results from 2020-2021. Results were derived from 116 samples across 23 jasperoid lenses, with 30% showing over 1.5 g/t gold over their full widths. Ongoing sampling and future plans include mechanized exploration phases. These results will be instrumental in expanding known mineralization through drilling, revealing a broad epithermal gold system likely linked to a nearby copper/gold porphyry system.
Liberty Star Minerals announces geochemical results of recent drilling program at Hay Mountain Property in SE Arizona. First hole, HM-23-01, encountered gold values up to 8PPB in epithermal quartz veining. Second hole, HM-23-02, reported elevated copper content in diorite sills. The drilling program successfully identified alteration related to nearby intrusives and porphyry intrusives. Liberty Star is planning the next round of drilling for further exploration.
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