News out on May 18th!- ZTEM reports confirm what has been speculated, LBSR has large deposits similar to Pebble's size. Big money moving in!
Tucson, Arizona – May 18, 2010
Liberty Star Uranium & Metals Corp.(The “Company,” LBSR: OTCBB) is pleased to announce that it has received the completed 2D ZTEM Report for the Big Chunk South Block from our geophysical contractor Geotech Ltd. This professional report states that their interpretation “shows at least 6 to 7…..signatures..…that are consistent with porphyry copper responses….Comparison against ZTEM 2D resistivity inversion results have defined resistivity features that resemble typical potassic-altered core and pyritic-propylitic halos over known porphyry systems, extending to great depth (>1 km or 3,000 feet).”
These anomalies are in the size range of the footprint of the nearby Pebble deposit(s), also within the Big Chunk caldera, and go to significant depth.
After this announcement, the CEO quit sending shares to note holders prematurely. No more dilution! Buy out or huge partnership was expected and we got it with the recent announcement.
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