Liberty Star Receives Funding for Hay Mountain ZTEM
Press Release: Liberty Star Uranium & Metals Corp. – 2 minutes 4 seconds ago
Email
Print
RELATED QUOTES
Symbol Price Change
LBSR 0.0114 +0.0003
TUCSON, Ariz.--(BUSINESS WIRE)--
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (LBSR: OTCQB) is pleased to announce that it has completed a non-brokered private placement with a private US accredited investor for proceeds totaling USD $50,000. There was no brokerage commission paid.
The Company will use the funds for payment toward the current ZTEM survey program over Liberty Star’s Hay Mountain property. With this funding, the ZTEM program announced in NR 152 will be paid in full. Geophysical electromagnetic and magnetic data collected by the ZTEM survey will be processed and interpreted by Geotech Ltd. in collaboration with Liberty Star within about two weeks after the overflight of the Hay Mountain property and its environs. Porphyry coppers, other mineral bodies and geologic features have distinctive characteristics which can be detected and interpreted by ZTEM technology which allows modeling or “seeing” conductive or resistive features from a few hundred feet (100 meters) to depths as much as 6,000 feet (2,000 meters).
Current Hay Mountain ZTEM survey update:
Geotech has sent word that the survey aircraft has left the Toronto area today and is expected to arrive in Sierra Vista, Ariz., about Saturday, June 8th. There will be about three days setup of ground geophysical recorders and base camp computers. When that is complete the ZTEM overflight should begin, barring unfavorable operational or weather issues.
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
Forward-Looking Statements
