Liberty Star Uranium & Metals seeing significant gold ore quality intercepts in Red Rock Canyon
Last updated: 09:46 05 Mar 2024 EST, First published: 15:27 06 Jul 2023 EDT
Snapshot
Liberty Star kicks off field operations at Red Rock Canyon gold property
Liberty Star believes it has a clear path to substantial gold production in the near term, and potentially a much larger upside in copper in the longer-term
Liberty Star Minerals Chief Geologist shares thoughts on drilling at Hay Mountain
gold nugget, gold, saturated gold, two gold pieces
About the company
Liberty Star Uranium & Metals is an Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA.
How it is doing
05 Mar 2024
Liberty Star Uranium & Metals Corp. (OTC:LBSR), doing business as Liberty Star Minerals, announced that field operations have commenced at its wholly owned Red Rock Canyon gold property, next to its Hay Mountain property in southeast Arizona.
The company said it is conducting a channel sampling program across the gold-bearing jasperoid lenses throughout the property.
Samples will be broken out using a hammer and chisel, photographed, bagged and shipped to the ALS Global prep lab in Tuscon, with this unit-specific sampling method chosen to show the distribution of gold within the lenses.
”Given the plentiful jasperoid outcrops and a database describing historical findings in the area, channel sampling is both a practical and economical next step exploring for gold in this geologic setting,” Liberty Star chief geologist Jim Bryce said in a statement.
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01 Mar 2024
Arizona’s Cochise County is renowned for its geological formations conducive to the formation of valuable mineral deposits, particularly porphyry copper, gold, molybdenum, and other commercially important minerals.
That is where Liberty Star Uranium & Metals Corp. (OTC:LBSR) (dba Liberty Star Minerals) is exploring at the Hay Mountain property, and early results are showing indications of commercially valuable metals, particularly copper, gold, and molybdenum.
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13 Feb 2024
Liberty Star Uranium & Metals Corp. (OTC:LBSR) (dba Liberty Star Minerals) has provided an update on its Hay Mountain property in southeast Arizona, suggesting the potential for valuable metals like copper, gold, and molybdenum.
According to insights from Liberty Star’s chief geologist James Bryce and shared by the company, one drill hole revealed important features like potassic alteration and mineralized quartz veins, prompting plans for further drilling.
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Insight: Liberty Star believes it has a clear path to substantial gold production in...
06 Jul 2023
“The gold-bearing outcrops we have at Red Rock Canyon are consistent with a very large mineral-bearing hydrothermal system,” says Liberty Star’s Brett Gross.
“It’s exposed at the surface and multiple outcrops exhibit gold mineralisation.”
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What management says
27 Feb 2024
Liberty Star Minerals Chief Geologist James Bryce joined Steve Darling from Proactive to share news regarding the drilling progress on the Hay Mountain property. Bryce outlined details about two holes drilled so far. Hole HM-117 was drilled at the center of the magnetic high and over the conductor identified by the ZTEM survey. The initial depth to bedrock on the drilling pad was 108', after which the drill encountered limestones of the Morita formation.
The presence of Morita at this elevation suggested a faulting event, with a vertical offset of over 800'. To further investigate, the company decided to deepen the hole by an additional 500' and extend the overall program by 1000. Bryce also told Proactive hole HM-001 was located 0.6 miles east of hole HM-117, this hole was collared on Colina limestone outcrop displaying polymetallic leakage textures at the surface, indicating elevated levels of lead, zinc, molybdenum, and sometimes copper. Despite the collar of this hole being at a similar elevation as hole HM-117, it allowed the company to begin drilling approximately 1350' deeper into the stratigraphy compared to hole HM-117.
At a depth of 420', the drill encountered the Horquilla Formation, known to host many copper deposits in the region. As the hole approached 1500', the company decided to deepen it by 1000' due to increasing alteration, the presence of minor sulfides, and extensive carbonate vein stockworks. Despite budget limitations, the project has successfully de-risked, laying groundwork for future exploration. Bryce anticipates refining the drill program with a larger budget based on results.These updates provide valuable insights into Liberty Star's exploration efforts and the geological features encountered during drilling on the Hay Mountain property.
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