Reminder - Drilling
2004 Exploration Program and Results
Four drill holes, totaling 1329 feet, were completed in the White Sox area. Visible copper mineralization was noted in two holes and visible molybdenite was noted in several places in one hole. Low grade gold was also encountered with the other mineral intercepts. This mineralization and the associated alteration may be indicative of a copper porphyry system.
2005 Exploration Program
The Big Chunk property is in various stages of exploration. The White Sox area has received the most work and is a little more advanced than other portions of the property. A mineralized center has been identified with drilling and geophysics there. Additional drilling on and near the IP response is planned. Four months of planned IP should fully delineate the IP response at White Sox with additional IP planned to the north, east and south of the 2004 survey. The company proposes to continue to drill to evaluate those areas where the appropriate IP response is >30 mRad. If ore-grade mineralization is encountered, the company hopes to initiate a grid drilling program to delineate resources, if and as time in the season allows.The company proposes to conduct dipole-dipole and reconnaissance IP on the remainder of the property. Any higher quality geochemical anomalies will be evaluated with dipole-dipole IP. If time in the season permits, the company intends to drill test dipole-dipole IP responses over 40 mRad, if any are detected.The company intends to evaluate lower quality geochemical anomalies with RIP and to detail any RIP anomalies with dipole-dipole IP.
Current Activity
Liberty Star seeks well capitalized joint venture partners to further explore and develope the Big Chunk Super Project. More than one globally important mining company has signed letters of confidentiality to review Big Chunk data through Liberty Star's secured website.
