Liberty Star’s (LBSR) Tombstone Hosts Enormous Copper Reserves

Liberty Star Uranium & Metals Corporation (OTCQB: LBSR) is a mineral exploration company engaged in the acquisition of exploration-stage mineral properties in Arizona and Alaska with lands management considers to be some of North America’s richest mineralized regions for copper, gold, silver, molybdenum and uranium.For the upcoming winter of 2012-2013, the company will be largely focused on its Tombstone Super Project (TSP) in Arizona, given that operations are possible year-round there.Great Location & JurisdictionLiberty Star’s Tombstone property is located in southeast Arizona near some of the most prolific porphyry copper mineral centers in the world. Thanks to a large volcanic and intrusive geologic feature known as a caldera, the region has demonstrated significant potential for copper and other elements like molybdenum that are currently trading at very valuable levels.Beginning in the late 19thCentury, mining in the region took off and helped create legendary boomtowns like Tombstone, Arizona and became home to mining giants like Phelps Dodge Mining. Arizona itself has long been a very favorable location for mining companies, with its 300 days per year of sun and business-friendly regulatory environment.Chief Geologist and CEO James Briscoe has significant experience in the Tombstone district having worked there since 1972. In the mid-1980s, he found that earlier geologic work had erroneous conclusions and the region was in fact a large and ancient caldera. Studies over the years subsequently confirmed that the alteration associated mineralization was much more extensive than previously thought.After realizing the significance of the deposits in the area, Liberty Star contracted SRK Consulting to prepare NI 43-101 style technical reports over three areas within the TSP, including Hay Mountain, Tombstone South and Walnut Creek. These reports confirmed the claims were worthy of further exploration and the company began technical work to determine commercial viability.Located in a Wealthy NeighborhoodMore recently, the region has seen a revival in copper mining as new technologies have enabled exploration in areas that were previously inaccessible. In 2007, Freeport-MacMoRan Copper & Gold Inc. (NYSE: FCX) purchased Phelps Dodge Mining in a $25.9 billion cash and stock transaction to create the largest publicly traded mining company in the world.As a result of this acquisition, the company acquired the Morenci open-pit copper mine in southeast Arizona 50 miles northeast of Safford that is projected to produce some 225 million pounds of porphyry copper when enhancements are completed. Meanwhile, FCX also owns the Safford open-pit copper mine that has produced over 200 million pounds annually in the region.The growing popularity of the region, as evidenced by the buyout of Phelps Dodge Mining and these two large copper mines, suggests that Liberty Star’s Tombstone property is also likely to hold a lot of potential. In fact, management has indicated in the past that the property could host one of the largest porphyry copper reserves in the world.Solid Progress Over the Past YearLiberty Star has made significant progress in developing this potential over the past year. After completing several technical reports in late-2011, the company completed an extensive geochemical survey and a review of previously gathered data, including a low flight level magnetic survey. In July 2012 Briscoe and his geological team confirmed the Tombstone caldera’s size and location, which could pave the way for additional drilling targets in the region.In August 2012, the company announced a proposal for a helicopter-borne ZTEM (geophysical) survey covering the Hay Mountain and other lands comprising its Tombstone project in southeastern Arizona. With the ability to “look down” about 6,000 feet into the earth’s crust, the ZTEM will detect sulfides that may be associated with porphyry copper systems.While these projects will provide more in-depth mapping, the company has also made progress on the regulatory front. The Arizona State Land Department approved the company’s application for mineral exploration permits in late-September 2012 and gave it the go-ahead to proceed with state-mandated archeological reconnaissance.Moving forward, the company plans to obtain Phase I permitting for up to 30 potential drill sites to allow flexibility in drill placement. This permitting will be followed by the drilling of five to ten Phase I drill holes this winter. After the positive results from those holes, the company will then begin Phase II drilling that will result in more tangible data for investors.Great Opportunity for InvestorsLiberty Star represents a great opportunity for investors at its current levels, with a market capitalization of just $18 million. Successful data from upcoming ZTEM aerial reconnaissance and preliminary drilling could confirm the presence of a significant porphyry copper deposit that could become on of the largest in the region and provide a strong catalyst for investors.For more information about Liberty Star, please see the followingwww.libertystaruranium.comDisclosure: The subject security is a client of Emerging Growth, LLC. For full financial disclosures for all Emerging Growth, LLC clients, please visit http://secfilings.com/Disclaimer.aspx

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