In the sprawling landscape of Cochise County, Arizona, mineral exploration specialist Liberty Star Uranium and Metals Corporation (OTC:LBSR) has identified a potential new gold prospect. was accurately identified.
Located approximately nine miles southeast of the iconic town of Tombstone, Liberty Star’s holdings include a 40-acre mineralized area within the Red Rock Canyon region. With its surface exposure and significant gold mineralization history, Liberty Star’s latest discovery has sparked excitement and anticipation within the mining industry.
“What’s interesting about Red Rock Canyon is that we have historical drilling data that shows the quality of the gold ore that matters,” CEO Brett Gross recently told Proactive. “We are now poised to confirm drilling and further expand the program.”
Because the drilling took place in the late 1980s, the SEC’s SK-1300 regulation prevents Liberty Star from disclosing historical drilling results. As a result, the company is embarking on a new confirmation drilling program within the same 40-acre area, estimated to cost just $750,000.
The first phase has already received full approval from the State of Arizona and will begin immediately. Once the Liberty Star is complete, investors will finally be able to get a glimpse of the true potential of gold’s potential.
During that time, Liberty Star meticulously conducted a large exploratory survey and collected numerous sample analyses. These analyzes indicate that gold mineralization extends over a vast 3.5 square mile area of her with shallow depth and abundant hydrothermal jasperoid host rock outcrops. Building on confirmation drilling, Liberty Star plans to phase out its program to cover its entire holdings and is working to reveal the full extent of future ore bodies.
This comprehensive drilling campaign is estimated to cost approximately $18 million and will be accomplished within a promising 12-24 month timeline if adequately funded to continue. It is possible.
Early-stage gold prospects often come with inherent risks, but Liberty Star strongly believes Red Rock Canyon offers a unique set of factors that mitigate these uncertainties.
“First, pre-drilling on the 40-acre site, shielded from gold-rich mineralization and surface outcrops, gives us confidence that a confirmation drilling program will produce similar results.” Gross said proactively.
“Additionally, the program includes an induced polarization (IP) study, which will enable the definition of IP signatures for gold mineralization. It will lead you to the realm.”
In addition, the presence of commercially significant gold grades in jasperoid outcrops over a vast 3.5 square mile stretch of Red Rock Canyon enhances the potential of this project. This finding not only contributed to the porphyry copper anomaly in the region, but also suggested the existence of a large hydrothermal system that deposited high-grade gold in the jasperoid outcrops, making Red Rock Canyon There is an increasing likelihood that substantial and economically viable gold deposits will be found within .
Taken together, Liberty Star is confident that Red Rock Canyon is significantly less risky than a typical early-stage gold prospect. To further minimize risk, the company plans to phase the development of Red Rock Canyon and carefully mitigate risk as the project progresses.
Liberty Star is looking for investors who share its vision, but the company faces challenges due to its penny stock status and could face resistance from big brokerages when it comes to settling trades. Additionally, Liberty Star has been designated “shell risk” due to its lack of revenue generation, which is typical of most companies of Liberty Star’s size.
“Most small mineral exploration companies like ours don’t generate revenue until the deposits they discover are sold or developed,” Gross explained. “We have been asking for the removal of the artillery risk designation, but it has taken a long time.”
Nonetheless, for those seeking opportunities in the penny stock niche market, smaller brokerages specialize in serving such needs and explore the investment potential offered by Liberty Star. could be the key.
If Liberty Star’s trust is rewarded in the form of financial deposits, it could solidify its position as one of Arizona’s premier gold prospectors.
Please contact Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas
