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With copper and
gold prices climbing to new highs, Liberty Star
is exploring 153,000 acres bordering North America's
largest copper deposit and second-largest gold deposit.
LIBERTY STAR GOLD CORPORATION (OTCBB:
began trading near the end of February and as a newly traded
issue, is just becoming known to investors. We expect Liberty
Star to attract much investor attention in the coming months
as it continues to explore its recently staked large property
position next to Northern Dynasty's
(OTCBB: NDMLF, Vancouver: NDM)
pebble deposit in Alaska. The property hosts the largest deposit
of contained gold resources and second-largest deposit of
contained copper resources in North America.
There is strong geological
evidence to suggest the potential for a massive mineral discovery
on the Company's claims. This effort is known as the "Big Chunk
Project" and encompasses 153,000 acres
in southwestern Alaska mineralized zone.
holds a huge
land position (237 square miles; 153,000 acres) bordering the
massive Pebble copper-gold-molybdenum deposit in southwestern
Alaska. The Pebble property, hosts the largest deposit of
contained gold resources (26.5 million ounces) and second-largest
deposit of contained copper resources (16.5 billion pounds) in
North America. As gold and copper prices approach or reach new
highs for the year (and with many analysts predicting US$500
gold), Liberty Star is extremely well positioned to capitalize on
this exciting bull market.
claims cover an area roughly three times that of Northern
Dynasty's, bordering it to
the north and south, and include key geological features relating
to the Pebble mineralization. More significant copper-gold
discoveries are expected, and a major exploration program is
already underway and will continue on the property through 2004
One of Liberty
Star's key strengths is a management team with credentials rarely
found in a junior company. This group has worldwide experience and
success in exploration, development, mining and finance, and it
includes Phillip St. George, the original discoverer of the
massive Pebble deposit.
P. Geo., is the Company's president and chairman. One of the
chief founders of Liberty Star, Mr. Briscoe is credited with
expanding porphyry copper reserves at Silver Bell, Arizona and
identifying major gold deposits in the Randsburg District in
California. He was also instrumental in the discovery of the large
McDermitt open-pit mercury mine in Nevada, and he co-discovered
and co-owned the Wind Mountain gold-silver mine, also in Nevada.
Guilbert, a director of Liberty Star, currently holds the
position of Professor Emeritus at the University of Arizona. Dr
Guilbert is a world-renowned and award winning geologist & author.
He is the co-developer of the Lowell-Guilbert porphyry copper
model, and recipient of mining's two most prestigious awards
back-to-back (R. A. F. Penrose Medal and the D. C. Jackling
George is the Company's vice-president of exploration. He has
extensive experience with major mining companies in Alaska,
particularly with moving grass-roots projects into operating
mines. He discovered the Pebble Deposit while working for Cominco
(before Pebble was sold to Northern Dynasty). He spent 5 years
expanding Pebble and drilled out 500 million tons of ore grade
material. Additionally, he has managed exploration and/or
operating programs for the Cominco Red Dog Mine, Placer Dome's
Gaines Creek Project and the Phelps-Dodge Chino porphyry copper
mine, New Mexico. Mr. St George was also instrumental in the
financial and technical aspects of developing and drilling out
NovaGold's massive Donlin Creek disseminated open pit gold mine,
which is now under construction.
All of Liberty Star's claims, known as the Big Chunk property,
were staked by helicopter in December of 2003. It was the largest,
one-event block of State mineral land staking in Alaska's history.
The ground was strategically selected because it contained the
large, volcanic caldera that is believed to be the source of the
Pebble deposit's copper and gold. Deposits of this type almost
always occur in clusters, and it is foreseen that more large
deposits remain to be discovered along this caldera. Many of these
discoveries shall occur within Liberty Star's strategically
positioned claim holdings.
The Pebble deposit is also believed to be one of the largest
alteration zones of its kind in the world and comparable to the
world's most significant copper-gold porphyry districts-all of
which contain multiple, large-scale deposits. Four new porphyry
discoveries were announced in the Pebble alteration zone outside
of the original discovery in 2003, which is consistent with these
types of districts.
The Big Chunk claims were staked following exhaustive research
by Liberty Star's exploration and engineering team. This work
included map imagery interpretation, geomorphology (study of land
forms), geologic compilation, structural interpretation and the
previous intimate study and knowledge of other porphyry systems.
Liberty Star's ground is well-located near infrastructure and
year-round ice-free tidewater on the Pacific Ocean. Mineralization
in this area occurs near surface in an area of gentle topography
and low elevations.
Liberty Star's 2004 exploration program is well underway,
beginning with a large-scale aeromagnetic survey of the Big Chunk
ground. This low-level, fixed-wing survey will cover about 1,408
square miles with 11,185 miles (about 18,000 km) of flight line.
Phillip St. George, who discovered the Pebble deposit while
working for Cominco (which later vended the Pebble project to
Northern Dynasty), is supervising the project for Liberty Star.
Following geophysical and geologic analysis of the detailed
aeromagnetic data (along with geology), additional exploration
work will be planned. To some extent, the next phase will be
dependant on results from the previous phase. It is expected,
however, that additional geophysics-most likely ground based
electrical geophysics (Induced Polarization/IP)-will be run, as IP
was extremely effective on the Pebble deposit.
From the above-described work, along with subsequent phases,
the Company expects to locate one or more large, porphyry
gold-copper-molybdenum mineral zones similar to the Pebble deposit
(and other deposits discovered to date in the Pebble zone).
Liberty Star anticipates making a number of periodic
announcements detailing the progress of this program. Now is a good time to take a closer look at Liberty Star Gold
Corporation and make an investment before discoveries and
announcements are made public.
To learn more, please visit Liberty
Star Gold Corporation's web site at