TUCSON, AZ--(Marketwired - May 19, 2016) - Liberty Star Uranium & Metals Corp. ("Liberty Star" or the "Company") (
The Company intends to raise capital privately to fund the Phase I operation.
As part of the Phase 1 process, drill core will be immediately processed at the Company's field camp site near the drilling area in the normal way, including washing, high resolution digital photography, saw splitting with diamond saws, bagging ½ the split core for assay and sequestering that split core in a secure trailer under lock and key, then shipping that core, under chain of custody to a Tucson-based certified assay lab for crushing, grinding to minus 80 mesh and splitting into an assay aliquots and then shipping those to the certified assay lab for multi-element assays. Adds Mr. Briscoe: "The turnaround we believe will be very rapid. Duplicate, blanks and standard samples will be inserted into the sample stream for precision and accuracy test purposes."
More details of the Phase 1 process include:
- Samples will be taken at appropriate intervals, directed and/or performed by a drill site geologist from the SRU (Sample Recovery Unit) adjacent to the drill (NR193). Drill cuttings samples over appropriate intervals will be analyzed using the Niton XRF for analysis through-out the length of the hole.
- The archived split core will be re-photographed with the flat, sawed side up, logged by a highly qualified geologist and will be re-assayed using the Niton XRF, logged with magnetic and electrical susceptibility meter(s), and a gamma ray spectrometer which will give us quantitative amounts of uranium, thorium and potassium and then placed in semi-permanent core storage also under lock and key. Permanent storage will be at The Companies ware house in Tucson, Arizona about 100 miles distant.
- Progress news releases will be sent out as rapidly as is practical. Geologic-mineralogical core logging will be done on laptop computers, using core-logging software, and cross sections constructed as data is compiled -- all of this being done on site by two shifts of highly qualified geologists. Over all supervision will be by James Briscoe, Registered Professional Geologist who will be based at the drill site.
"James A. Briscoe" James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist Liberty Star Uranium & Metals Corp.
Forward Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's 10 K Annual Report filed May 17, 2016 and other filings made by the Company with the U.S. Securities and Exchange Commission.
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Contact Information:
Contact:
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or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
info@libertystaruranium.com