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Milo2

02/08/11 7:26 PM

#48115 RE: HKipp1 #48108

Thanks for clarifying, HKipp...how many IP/geochemical anomalies are including in the sold property?
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Zenfolio

02/08/11 7:29 PM

#48116 RE: HKipp1 #48108

Thanks for the reply. Yes, I am very confused. Would this be the general map of LBSR claims dropped and sold to NDM?



I am curious how you got this information? Just wondering because Tracy from IR can seem to answer the question for me.

Thanks.


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psycotria

02/08/11 8:50 PM

#48136 RE: HKipp1 #48108

I was going to point out the 5 drilling locations and mention your dd, but you beat me to it.

The 'dropped' area was dropped due to environmental concerns. The claims sold to NAK and subsequently drilled by them have been made clearly known here, too.

No confusion here!

I've been away today and so haven't been following the posts til now. But I'm pretty surprised at all the confusion. The parcel of land that was sold to ND is obvious and clearly depicted on the map I posted. It is labeled Liberty Star (Purchased Claims). It doesn't get much clearer. This has nothing to do with White Sox which is shown on the accompanying map as north of Pebble but a part of BCSP South. Also the ZTEM anomalies have not been located in either the Purchased Lands or White Sox. We don't know where they are. This confusion comes from targets that were placed on some maps, including the famous "bagel map" which are not ZTEM anomalies but older targets identified by older methods- IP and geochemical. The Puchased lands noted on the Map is the one and only approx. 23 square mile parcel sold to ND as per the JV agreement and announced by Liberty. This parcel on the map is the one in question as it comes from the official submission to the State for the CPQ process to get approval for the 5 shallow drill holes also depicted on the parcel. If that's not the Purchased Parcel then- oops- they drilled in the wrong place. Not likely. I'm not sure where the confusion has arisen. Maybe just too many maps. You might review the documents in the stickies under the consolidated DD for the letters and coordinates detailing all this. It makes it all really quite clear. There are many uncertainties. But doesn't happen to be one of them.