Shares of Liberty Star Uranium & Metals Corp. (OTC: LBSR), an exploration stage company engaged in the acquisition and exploration of mineral properties in Arizona and Alaska, are gaining in trading today.
At last check, LBSR shares were trading 3% higher at $0.0412 on above average volume of 6.48 million. The stock gained 18.73% in the last three trading sessions.
LBSR recently announced the discovery of large intrusion under the Tombstone caldera. The intrusion was indicated by an aerially extensive low flight level magnetic survey.
The intrusion covers approximately 215 square miles and its generalized edges appear to follow the outer edge of the interpreted caldera margins, LBSR recently said.
James Briscoe, CEO and Chief Geologist of Liberty Star, said that he has surmised for many years that the Tombstone caldera could be one of the large hosts for porphyry copper zones in southeastern Arizona and LBSR now has an accurate measurement of the caldera’s size and precise location of the driving granite intrusive.
Briscoe said that LBSR will work to see if it can confirm additional porphyry copper mineral targets, beyond the targets the company already has, using its normal, careful, methodical application of cutting edge geotechnology.
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