Thursday, March 17, 2011

Liberty Star Contracts SRK Consulting To Produce Technical Report on Tombstone Claims

Liberty Star Uranium & Metals Corp. (OTCBB: LBSR)is pleased to announce that Liberty Star has contracted SRK Consulting to produce a NI 43-101 style technical report covering the company's Walnut Creek Tombstone Porphyry-Precious Metals Project.

The Walnut Creek Tombstone Porphyry-Precious Metals Project consists of 33 unpatented federal lode-mining claims over a projected covered porphyry copper mineral center in Cochise County, Arizona. These geologic data have been collected and interpreted over several decades starting in 1972 by Liberty's President and Registered Professional Geologist James A. Briscoe. Metals prices now make this project a high priority target of potentially large size. Based on geologic and geochemical characteristics as well as similarities to the 25 miles distant Bisbee porphyry system, significantly high grades of copper, moly, gold, silver, lead, zinc and other by-product metals are inferred. Liberty Star's claims reside within or adjacent to a large volcanic and intrusive geologic feature known as acaldera.These caldera structures are present throughout southern Arizona, making the region one of the richest porphyry copper areas in the world. The Tombstone caldera, identified by Company CEO Briscoe and verified by the US Geological Survey (USGS), of which these claims are related but outside of the caldera, also hosts commercially significant gold and silver deposits, as well as a deep porphyry copper system drilled in 1973.

Members of SRK's engineering/scientific staff supervised by Qualified Person and SRK's Tucson Office Principle Geologist Corolla Hoag, and geologist Dr. Jan Rasmussen have visited the Company's Tombstone property recently. Their information will be combined with the previously gathered geochemical, geophysical and computer modeling data and undergo a thorough technical analysis.

Comments Liberty Star's CEO James Briscoe, "SRK employs some of the best scientists in our industry. I am sure their arms-length technical report will be thorough, complete and professional. Given the terrain and infrastructure, core drilling can proceed as soon as drill permits have been obtained, estimated within 60 to 90 days. Drilling in this climatic zone can be done year-round."

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