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Friday, February 05, 2021 5:48:22 PM
"On February 3, 2021, Liberty Star Minerals (the Company) received the five finalized Permits for Mineral Exploration (MEPs), which were applied for and the fees paid for in October 2020, and approval received December 5, 2020, effective November 25, 2020 by the Arizona State Land Department (ASLD) review. All processes including rental payments, completed in twelve weeks. The five permits secure needed access to primary transportation corridors and operational flexibility at the Hay Mountain Project. The company has also recently received executed renewal endorsements on thirteen other MEPs.
Additionally, Liberty Star reports the completion of all 2020 ASLD required assessment work on MEPs in the Red Rock Canyon, Target 1, and Robbers Roost areas of the Hay Mountain Project. The assessment work was outlined in Liberty Star’s most recent Geologic Field Operations Plan (GFOP) approved by the ASLD and includes the collection of rock chip samples for geochemical analysis. The Company collected twenty-eight samples according to industry standard chain of custody protocols and delivered them to the Tucson Branch of ALS Geochemistry Laboratories for assay. The Company expects assay results within the next two weeks. We also accomplished detailed outcrop and alteration geologic mapping using a hand-held Niton XRF analyzer on exposed outcrops on ground fractures and outcrops over MEP land in the Red Rock Canyon and Target 1 areas of the Hay Mountain Project. The Company collected 163 readings.
Comments CEO Brett Gross:” We are very pleased with the MEP process at the Arizona State Land Department. We are moving through this regulatory process quickly and with good communication and transparency from that agency. While I can’t discuss specifics yet, the outcrop mapping process with the Niton equipment reinforces previous assessments of Target 1 and adds important detail to our understanding of the Red Rock Canyon as a potential gold prospect.”
https://www.otcmarkets.com/filing/html?id=14671970&guid=U5tKUKN3lYkny3h
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