Liberty Star Uranium and Metals Corp (LBSR)

[HKipp1]

You pose the question as to whether previous drilling could have been done over a ZTEM anomaly. This is a great question. In fact I asked the very same of both the board and the company many months ago. No clear answer to date. We know the 2004 drilling was in the White Sox area as per the Liberty Web site:

"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."

But since we don't as yet know the location of the ZTEM anomalies, these can't be correlated. It may be that by giving this answer it would be reveal where the anomalies are- which apparently the company doesn't want to do as yet. One thing to note is that even if the holes were not coincidentally in a ZTEM anomaly- and it would be a coincidence since the drilling preceded the ZTEM- there was visible copper and moly (and some gold as well). These also may have been fairly shallow efforts- if equally deep- about 330 feet deep a piece. Comparable to Northern Dynasty's recent efforts in the purchased lands. But we don't know how the 1329' was divided up. Even so, at possibly fairly shallow depth, mineralization was found, supporting the idea that ore is relatively close to the surface and accessible- and drill confirming that at least some ore is present on Liberty lands.