All Liberty Star Projects Update: Land Payments, Field Work and Financing

All Bureau of Land Management federal lode mining claim payments for properties located in Arizona have been made before noon September 1, 2014. This includes Cochise County (Tombstone Super Project), Pima County (East Silver Bell Porphyry Copper Project), and Mohave and Coconino Counties (North Pipes Super Project).

Alaska mineral claims comprising Liberty Star’s Big Chunk Super Project have been accounted for with the State of Alaska Department of Natural Resources Division of Mining. All Alaska State mining claim assessment has been paid as of noon or before September 1, 2014. Rental fees have not been paid and are not due until November 30, 2014.

New outcrops have been discovered in the main porphyry copper alteration zone target within the geochemical and geophysical zone that did not appear on any current geologic maps. Additional geologic work is ongoing to define the location and alteration of these outcrops which so far consist of silicification and brecciated (broken) silicified limestone with leached capping. Green copper oxide (chrysocolla) was identified in a very small area, but this is the first visible copper mineralization we have seen in the project surface area to date. All the copper and other metal anomalies are from trace element geochemistry and do not outcrop but are from depth where they are not visible and able to be detected except geochemically. The alteration seen recently in newly identified low outcrops is what would be expected on the edge of a skarn hosted porphyry system.

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The plotting of the drill grid on a 400 m (1,320 feet) square pattern in the main target is now complete. We have also marked the hole locations with labeled, 2” x 2” x 5’ long wood posts so that the drillers can go easily from drill hole to drill hole as directed. No roads will be used but instead paths for rubber tracked equipment will be used, as previously explained in News Release 187 (8/12/2014). In our Exploration Plan of Operation submitted to the Arizona State Land Department (ASLD), we proposed rubber track paths using a course of least resistance so no mechanical bulldozing or road building would be used. The ASLD has agreed to it, but has required that the paths be surveyed by a Registered Professional Archaeologist. Antigua Archaeology LLC, with whom we have worked for years, has been contracted for this purpose, and they expect to be done in a week to 2 weeks, pending unusual rainy weather. Our prime target appears to be an area of low aboriginal activity (pre-Columbian Indians) because, as Jim Moses head archaeologist opined, the lands surrounding the target area were a less desirable area for permanent habitation, farming or any other activity. His initial conclusion is that the target area was not inhabited as there were more attractive areas to live. Thus we believe few if any artifacts will be located, as was the case in previously surveyed proposed roads and geochemical lines in this area.

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Liberty Star should have drilling permits for the Phase 1 drilling project (the 1^st year) within approximately two months and to be ready to drill as soon as funding is in place and equipment can be mobilized to the site by our drill contractor.

A Naru Capital sponsored road show to the Far East is expected in November with stops in Hong Kong and perhaps Japan, and South Korea. (NR 188)