This major project is known as the North Pipes Super Project, and is targeted specifically for high-grade uranium mineralization.
Jim Briscoe,CEO, Chief Geologist 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. 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.
