Liberty Star Uranium and Metals Corp (LBSR)

[moondoggy]

Area Covered by ZTEM

121.7 sq mi covered by ZTEM/177 sq mi claims Big Chunk Super Project (This includes the North Block as well. I am unsure of how many miles are from the South Block alone)= 68.8% of Big Chunk Super Project (total) covered by ZTEM

We then sold 13% of the total to Northern Dynasty.




“In June 2009 the Company contracted Geotech Ltd. (Aurora, Ontario, Canada) to conduct helicopter-borne ZTEM surveys over the South Block of the BCSP claims area. This electromagnetic (EM) method can gather data as much as 2 kilometers (about 6 thousand feet) below the Earth’s surface to identify geophysical features associated with mineral systems. By April 2010 Geotech had delivered a database for the 1D ZTEM geophysical data for all 1256 line kilometers (780.4 miles) in north-south lines spaced 250 meters apart, covering 315.2 sq kilometers (121.7 sq miles). “ (NR-92)

http://tinyurl.com/2gxjf9d

”The Big Chunk Super Project consists of 707 State of Alaska 160-acre mining claims, covering approximately 177 square miles (about 113,000 acres) of southwestern Alaska. The Big Chunk claims were initially staked in 2003 after Mr. Briscoe recognized that a caldera which was probably responsible for hosting Northern Dynasty Minerals’ Pebble discovery was strikingly similar to the caldera hosting the Silver Bell mining district in southern Arizona, where he had worked as a geologist in the 1960’s and again in the 1990’s.” (Liberty Star’s website)


”On July 8, 2010, Liberty Star announced a new partnership with Northern Dynasty Minerals Ltd. Liberty Star sold 13% of its Alaska acreage (23.4 square miles) to Northern Dynasty. The two companies expect to finalize an agreement that includes a definitive earn in option for Northern Dynasty and a joint venture agreement that sees a 60/40 split for Northern Dynasty and Liberty Star. “(Liberty Star’s website)

http://tinyurl.com/2eknrtn