Liberty Star Uranium and Metals Corp (LBSR)

[Milo2]

This should give us much more to think about for LBSR's AZ properties:

From:
http://www.quaterraresources.com/projects/arizona_strip/

Arizona Strip (uranium)

Any search for clean and abundant energy with a minimum carbon footprint should lead to the uranium resources of the Arizona Strip. The only remaining hard rock uranium producing district in the U.S. prior to the uranium price decline in the late 1980s, this region continues to attract the interest of explorers because it represents some of the highest grade and potentially most profitable per pound uranium production in the U.S. In a 1987 study of the undiscovered uranium resource endowment of the Arizona Strip, the U.S. Geological Survey (Circular 1051) calculated a mean endowment of 112.4 tons of U3O8 per square mile and concludes the district has the potential of becoming the second most important uranium-producing region in the United States.

In 2008, Quaterra made a discovery that substantially improves the odds for additional exploration success in the Arizona Strip. The total amount of mineable uranium discovered to date is estimated to be in the range of 35 million pounds. One fifth of this total (seven million pounds of U3O8) was mined from a single blind breccia pipe discovered by Western Nuclear in 1979 by tracing alteration exposed in Hack Canyon. The Hack 2 deposit represented the only blind pipe ever found until discovery of the A-1 pipe by Quateerra which resulted from an airborne geophysical survey that was able to detect the presence of blind breccia pipes. This survey, together with a land position totaling 87 square miles selectively staked to cover more than 200 similar targets, has given Quaterra a significant advantage over its competitors and the capacity to become a major player in the future development of the district.

Northern Arizona Strip Uranium Project
Quaterra´s early entry into the Arizona Strip coupled with a determined and innovative exploration approach has resulted in a successful program that is targeting multiple airborne anomalies in a large and strategic land position. During 2008, the Company followed-up the A-1 discovery with a program dedicated to testing several of the many airborne geophysical anomalies on the Company´s properties. The program completed a total of 42,250 feet of drilling in 23 deep and 20 shallow holes to investigate the A-1 and Ollie pipes and seven new VTEM anomalies with a success ratio that is unparalleled in the district. Three of the seven anomalies tested appear to represent breccia pipe structures and one, the A-20 discovery, could be among the larger pipes yet identified in the district. The first drill hole to test the anomaly intercepted 34.5 feet of breccia averaging 0.37% U3O8 at a depth of 1,442 feet, including a high-grade zone of 6.5 feet averaging 0.63% U3O8 at a depth of 1,443 feet. The hole also encountered a deeper zone of 10.0 feet averaging 0.58% U3O8 at a depth of 1,567.5 feet. Of three widely spaced holes completed at A-20, only one hole has encountered the outer edge of mineralized breccia in the pipe.

The A-20 discovery raises expectations for the more than 200 moderate to high priority anomalies remaining on the Company´s property. Quaterra now has an inventory of three mineralized breccia pipes and five probable pipes with drill defined or mapped structures that remain untested by deep drill holes in the pipe throat below the Coconino/Hermit horizon.