other material
confidence high
sentiment positive
materiality 0.80
LBSR reports porphyry indicators in Hay Mountain drill holes; plans deeper coring
LIBERTY STAR URANIUM & METALS CORP.
- Hole HM-117 reached 1500 ft; encountered Morita formation offset >800 ft, Colina Fm with elevated Cu, Pb, Zn and potassic alteration.
- Hole HM-001 collared 0.6 miles east; intersected Horquilla Fm at 420 ft, diorite sill at 2067 ft with up to 1% chalcopyrite fragments.
- At 2016 ft encountered 41-ft marble front indicating nearby heat source; intense propylitic alteration below.
- Company deepened hole two to 3000 ft; plans to resume drilling with NQ core based on strong alteration and sulfides.