Liberty Star Provides Geochem Update Hay Mountain, AZ: Phase I Vegetation Samples Complete, Strong Metal Anomalies …

Posted: June 29, 2012 at 7:12 pm

TUCSON, Ariz.--(BUSINESS WIRE)--

Liberty Star Uranium & Metals Corp. (Liberty Star or the Company) (LBSR: OTCBB) is pleased to provide an update of exploration activity on its Hay Mountain claims. Phase I analysis of assays of vegetation samples taken from the area provided by ALS Minerals (NR 123) has been completed. Since this initial analysis of vegetation samples indicated rare earth elements (REEs) previously defined by soil sampling (NR 122), the Company will undertake a second round of analysis and re-assay the vegetation samples for 13 of 17 known REEs. Further, geochem has defined five drill targets. One target is primary and four others are subsidiary. Permitting for Phase 1 drilling is under way. Observations from Phase one vegetation analysis are:

We want to fly ZTEM before we make a final decision of where and how deep to drill. The survey can be completed and analyzed prior to drilling.

Anticipated drilling will be by diamond core drilling of HQ size (2.5 inches diameter core). Initial drilling will be to a depth of 500 to 1,000 feet to determine depth to bedrock and bedrock type and how it is altered. Five to 10 holes will be drilled, the number depending on depth.

Comments James Briscoe, Liberty Stars CEO and Chief Geologist: Observation of four rare earth elements is novel to the region and exploring for additional REEs is an exciting prospect for us. The strong indications of copper and precious metals at Hay Mountain have been confirmed and are better understood after looking at the vegetation data in relation to the soil and rock chip data. Anomalies are characteristic of porphyry copper systems. We will undertake a ZTEM program as soon as possible. In the meantime we are continuing with Phase I drilling plans at Hay Mountain.

James A. Briscoe James A. Briscoe, Professional Geologist, AZ CA CEO/Chief Geologist Liberty Star Uranium & Metals Corp.

Read Your Invitation and RSVP to Briscoes Whirlwind Trip, July 5-19

http://www.libertystaruranium.com/ja-briscoe-whirlwind-trip/

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include: that the vegetation sampling indicated RE, that we will fly a ZTEM program and that a five to 10 hole drill program will occur.

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Liberty Star Provides Geochem Update Hay Mountain, AZ: Phase I Vegetation Samples Complete, Strong Metal Anomalies ...

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