お知らせ • Feb 23
Liberty Star Uranium & Metals Corp. Reports Significant 2024 Exploration Advancements At Hay Mountain & Red Rock Gold Projects
Liberty Star Uranium & Metals Corp. reflects on 2024 as a breakthrough year for exploration and positive discovery at its wholly owned Red Rock Canyon Gold Project (RRC) within its Hay Mountain Project (HMP) in southeast Arizona. The Company is actively pursuing a joint venture partnership to advance both projects, which lie within a regionally significant porphyry copper-gold-moly system extending from central Arizona into northern Mexico. With historic first-time drilling at Hay Mountain and bonanza-grade gold discoveries at Red Rock Canyon, Liberty Star has established a strong foundation for continued exploration and development in 2025. Hay Mountain Project: First-Ever Drilling Confirms Porphyry System Potential: Located within the historic Tombstone Mining District of Cochise County, Arizona, the Hay Mountain Project has been the focus of Liberty Star’s founder and native Arizonan James A. Briscoe (P Geo.) since the 1970s. Briscoe’s early studies led to the discovery of the Tombstone Caldera, an expansive geological structure that hosts a porphyry copper mineral center. Over the past two decades, geochemical sampling, airborne geophysical surveys, and structural analysis have refined drill targets within the property. In December 2023, Liberty Star commenced its first-ever diamond core drill program at Hay Mountain. By February 2024, two deep drill holes were completed, targeting the interpreted porphyry system, and Liberty Star Chief Geologist James Bryce reported: Hole 1 reached 1,354 feet and intercepted the Colina Formation, with elevated copper, lead, and zinc values and increasing potassic alteration, a hallmark of porphyry mineralization. Hole 2, drilled incrementally to nearly 3,000 feet, encountered the Horquilla Formation at 420 feet, which hosts multiple copper deposits in the region. Downhole analysis revealed increasing alteration, thermal indicators, intrusive sills, and the presence of sulfides, all of which support the presence of a large-scale porphyry system. The initial drill program confirmed key geological indicators, validating Hay Mountain’s potential as a porphyry copper-gold deposit. These results offered enough evidence to justify further deep drilling in 2025, focusing on Target 1 and additional high-priority areas within the project. Red Rock Canyon Gold Project: High-Grade Gold with Bulk Tonnage Potential Liberty Star’s wholly owned Red Rock Gold Project is situated immediately north of drill Target 1 within the larger Hay Mountain Project. The approximately 1,000-acre area has undergone limited exploratory drilling between 1999 and 2004, indicating near-surface gold mineralization. Recognizing the potential for a high-grade epithermal gold system, Liberty Star initiated systemic surface exploration in 2020, incorporating geochemical surveys, biogeochemical sampling, and x-ray fluorescence (XRF) analysis to refine targets. 2024 Channel Sampling Results: Bonanza-Grade Gold Confirmed In March 2024, Liberty Star’s Field Operations Manager Jay Crawford and his team began an extensive channel sampling program, systematically testing gold-bearing jasperoid lenses throughout the RRC property. In July 2024, the Company reported multiple bonanza-grade assays, confirming the presence of a high-grade gold system: Multiple assays exceeding one ounce per ton; Bonanza grades of 107.5 g/t and 60.0 g/t gold; A single high-grade vein structure extending approximately 400 feet, intermittently covered by overburden Follow-up sampling in September and December 2024 continued to support this high-grade system, reinforcing evidence of an expansive epithermal gold deposit tied to the Hay Mountain porphyry center. These results will be surveyed in and plotted on maps to further refine exploration plans. Next Steps at Red Rock Canyon Liberty Star’s 2025 exploration plan will focus on: Induced Polarization (IP) test grid which will accompany the expanded channel sampling and trenching to define the vein’s surface dimensions; Drilling to test depth continuity and assess the bulk tonnage potential surrounding the high-grade structures; Integrating geological data to refine targets for future resource estimation. 2025: Exploration Strategy for Near-Surface Gold and Joint Venture Development at Red Rock Canyon: With the price of gold rising from $2,037 (January 2024) to $2,809 (January 2025)—and analysts projecting $3,200+ per ounce in 2025—Liberty Star is strategically positioned to capitalize on market conditions. In the near term, Induced Polarization geophysics along with the channel sampling results, remains the most cost-effective method for refining targets at RRC, with drilling to follow. Additionally, a suitable financial arrangement through a joint venture will accelerate development across both the Red Rock Canyon gold property and the larger copper-focused Hay Mountain Project through a value accretion model. King and Liberty Star Board Chair Pete O’Heeron are currently working with potential partners within the mining industry to secure funding for the Company’s next phase of development.