Liberty Star Uranium and Metals Corp (LBSR)

[moondoggy]

Northern Pipes Super Project

The ace in the hole... Uranium.



Location Northern Arizona
Area over 60 square miles(1794 Federal Lode Mining Claims in numerous targeted blocks)
Ownership Claims are 100% owned by Liberty Star Uranium & Metals Corp. (Subject to no royalties)
Status Drilling Program start date December 1, 2007

After geologic research spanning a period of about four months, in the fall of 2003 we initiated an aggressive program of ground acquisition. As of July 2008, we have perfected 1794 standard Federal lode mining claims (over 38,000 acres), in numerous separate blocks covering approximately 300 breccia pipe targets located on the Colorado Plateau Province of Northern Arizona known as the Arizona Strip. This major project is known as the North Pipes Super Project, and is targeted specifically for high-grade uranium mineralization. As of December 2007, our focus shifted from land acquisition and geoscientific surface studies to drilling to find uranium mineralization and define ore bodies.


Jim Briscoe, President and Chairman of the Board, developed uranium exploration experience from 1978 through 1980 when his consulting company was under contract with the exploration subsidiary of the largest nuclear electric utility in the U.S.A. His company had responsibility for uranium exploration over the entire state of New Mexico. Based on this experience, he started a thorough research program in late 2003 to determine the prospects of exploration on the Colorado Plateau. Using a multifaceted approach, Liberty Star geologists, along with the help of a very talented geologic expert particularly familiar with these breccia pipes identified the breccia pipe targets that we have staked starting in the fall of 2004.

According to the U.S. Geological Survey, the breccia pipes in this region are of high grade compared to sediment hosted roll front deposits mined throughout the western US, with an estimated potential average grade for ore bearing pipes at about 0.7% to 0.8% uranium. This suggests that such pipes may contain mineral bodies of about 14 to 16 pounds or more of uranium per ton. At current prices this is approximately equal to 1 ounce of gold per ton. The pipes contain numerous metals in addition to uranium including copper, silver, vanadium, molybdenum, cobalt and nickel. The uranium mineralization however is by far the most economically important. Mines in this region have produced some 26 million pounds of uranium; some of these known ore bodies have contained as much as 55% uranium (1100 pounds per ton) in some samples.

Exploration at North Pipes is for high-grade uranium ore bodies that can be mined economically by underground methods. This area can be explored during the winter months by the Liberty Star exploration team.

http://www.libertystaruranium.com/www/projects/north-pipes-super-project