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Author Topic: LBSU .37 BUT may have World Class Uranium Deposit.
STAR GAZER
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LBSU Liberty Star Uranium has Arizona claims covering 340 breccia pipes, each of which can contain millions of pounds of uranium. The price used to be a lot higher, but sank like a rock when they tried to drill a pipe, but missed it. They researched why they missed hitting the pipe with the drill and evaluated the best way to determine where to drill to locate a pipe. Research papers show that the best way to determine where to drill is to examine path finder minerals that show up on the surface and use them to determine where to drill. The company has been evaluating these path finder minerals/metals to determine where to drill next so that they can start examining the breccia pipes on their property. Each pipe can be up to 400 feet wide and 3000 feet deep with the center neck portion containing uranium and other metals which have been leached from surrounding areas and preferntially deposited in the pipes. Three pipes were mined in the 80's before falling uranium prices forced the company mining them to shut them down. This showed that each single pipe could become an economically producing uranium mine and Liberty Star has so far found 340 pipes on its property, although all of them may not contain uranium. The pipes are usually covered by a thick layer of over fill, and since the pipes are only 100 to 400 feet wide, it is hard to find them by drilling. However, surface pathfinder metals can help pinpoint where to drill and liberty star has been examining these pathfinder metals over 110 of the pipes and will use this data to determine where to drill. They have almost finished this phase of work and will soon start drilling. Once the drilling starts LBSU's price will probably start climbing, so now is the time to buy shares of LBSU. Liberty Star also has a possible massive gold/copper/molybdenum property in Alaska, but because of political problems, that is on stand by for now and so they are concentrating on their uranium property. Here is a copy of write ups that show what is going on with their uranium property and why this is such a great company to buy.
Most of the uranium ore deposits at present being mined in the world have grades of at least 0.10% of uranium U3O8 or better – that is, 1000 parts per million or higher. However, with the rising price of uranium, concentrations of 0.05% uranium or lower, depending on cost of extraction, will be economical as primary uranium deposits.
There are several differnt types of uranium ore deposits world wide. One such type is the collapse breccia complex, which contains high concentrations of uranium and also contains high values of vanadium plus smaller amounts of other metals. These types of collapse breccia complexes contain 2500 - 8500 ppm Ur concentrated in the matrix and fractures surrounding breccia pipes. The largest complex of collapse breccia pipes in the world is found in Arizona. The area, known as the Arizona Strip district, had historic uranium production of over 20 million pounds at an average grade of 0.65% U3O8. These high-grade underground mines were discovered and mined in the 1980's and contained some of the highest grade and most profitable uranium mines in the United States.

This deposit style is referred to as solution-collapse breccia pipes. These pipes were formed when caves, formed by the dissolution of the underlying Redwall Limestone, collapsed and the sediments above these deeply buried limestone caves also collapsed, caving upwards several hundreds of feet, creating a chimney or pipe-like zone of broken rock (breccia). Over time organic material, which forms alkali complexes, and that probably migrated out of the Brady Canyon Member of the Toroweap Formation and into the porous breccia pipe, plus gases (hydrogen sulfide), and liquids capable of reducing soluable metal ions accumulated in the open areas surrounding the broken rock.

The current theory on the genesis of the uranium and associated metals in the breccia pipes proposes that acidic groundwater flowed through uranium-vanadium bearing volcanic rocks within the Chinle Formation, which covered the entire region during Triassic time. The uranium and vanadium either moved directly down the pipe’s throat or indirectly by moving laterally through an aquifer such as the Coconino sandstone. Under oxidizing conditions uranium exists in a highly soluble form, U6+ (an ion with a positive charge of 6), and is therefore very mobile. Vanadium also forms soluable ions. Under reducing conditions, such as would have been encountered in the breccia pipes, the uranium converts to an insoluble form, U4+, and is precipitated along with the vanadium. It is these characteristics that often result in concentrations of uranium that are sufficient for economic extraction. Precipitation of the uranium occurred when the metal rich oxidizing solutions encountered the highly reduced breccia pipe environment. The mineralizing event probably occurred sometime between the Late Triassic and Cretaceous time.
Uranium grades of these deposits range from 0.16 percent to 0.65 percent U3O8 and in some cases are greater than 1% U3O8. Significant vanadium is also associated with these deposits, which grades about 1% V2O5. Other metals associated with these deposits are copper, silver, selenium, molybdenum, chromium, lead, zinc, arsenic, cobalt and nickel. Although the primary uranium ore associated with these deposits are the reduced minerals pitchblende and coffinite, the brightly colored weathering products of oxidized uranium and vanadium minerals tyuyamunite, carnotite, and montroseite, are also present.

Since uranium grades of 0.1% or even 0.05% can be economical to mine, and since the average grade of uranium in the Arizona breccia pipes is 0.65%, the breccia pipes would be very ecomical to mine. The northern Arizona breccia pipes are vertical columns of broken rock typically 100 feet to 400 feet in diameter and 3000 feet in height. They occur in flat-lying sediments, and originate by collapse of karst solution cavities in the Redwall Limestone. Many of them contain uranium mineralization beginning at depths from 700 to 1000 feet beneath the surface, with the mineralized zone typically being 500 to 800 feet thick.
Some of the attractive features of breccia pipes as exploration targets are:

Underground mining is relatively economical due to the ore being distributed vertically rather than laterally. The small footprint of the operation facilitates reclamation. A mine/mill complex generally covers less than 5 acres, and all or most of the waste can be put back in the mine. Because of this there is very little environmental disturbance/damage to the area and so it is fairly simple to get a mining permit. Plus the state of Arizona is mining friendly.

Because of the narrow diameter of the breccia pipes, it can be difficult to locate them. But, because all known breccia pipe-hosted uranium deposits in the Arizona Strip area are known to contain pathfinder element mineralization on surface, associated with breccias or annular faulting, locating uranium bearing breccia pipes can be greatly facilitated by locating these surface pathfinder minerals. Pathfinder elements found over breccia pipe targets include copper, lead, zinc, silver, arsenic, barium, chromium, molybdenum, nickel, and vanadium, as well as uranium in some cases. Companies have yet to determine which pathfinder minerals and in what concentration would best define the area to be drilled. Follow-up radiometric work conducted over the anomalous structures would also be helpful in choosing where to drill.
LBSU HAS been evaluating these pathfinding minerals and checking radium readings on their property and they state: as of May 2007, we have perfected 1856 standard Federal lode mining claims (over 38,000 acres), in numerous separate blocks covering approximately 340 breccia pipe targets located on the Colorado Plateau Province of Northern Arizona. According to the U.S. Geological Survey, the breccia pipes in this region are of high grade with an estimated potential average grade for ore bearing pipes at about 0.7% to 0.8% uranium. This suggests that such pipes may contain mineral bodies of about 14 to 16 pounds or more of uranium per ton. The pipes contain numerous metals in addition to uranium including copper, silver, vanadium, molybdenum, cobalt and nickel.

110 of the Pipes have individual elemental determinations (assays) ongoing. Pattern analysis of the various geochemical elements over known mineralized Pipes is giving a "geochemical fingerprint" which is being used to prioritize other Pipes which have not been explored. These data will be used in conjunction with the detailed geological mapping and radiometric readings to determine which pipes should receive additional geochemical sampling. Shallow drilling, before deep drilling, may also be used to test for ore grade mineralization.

The geochemical data interpretation process and results are judged by the Company to be unique and a confidential Company trade secret. Thus no specific details related to this methodology will be discussed. However, evaluations will be reported by news release as interpretations come to conclusion.

In simple terms, the sampling appears to be giving us exciting data as was predicted from initial trial work. Geochemical fingerprints combined with other data will be a particularly valuable tool in determining which Pipes have the best potential for containing ore.

The Company is very excited about these results and work is continuing as quickly as possible.

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Lockman
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http://stockcharts.com/h-sc/ui?s=LBSU&p=D&b=5&g=0&id=p15983392828

Just noticed this up 52% Looks like there's still room. jmo

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Let's Go METS!!!

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Lockman
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LIBERTY STAR URANIUM & METALS CORP.



3024 E. Fort Lowell Road
TEL: (520) 731-8786

Tucson, Arizona 85716-1572
FAX: (520) 844-9321




http://www.LibertyStarUranium.com/

November 28, 2007
OTCBB: LBSU



NR 60
Frankfurt: LBV



FOR IMMEDIATE DISSEMINATION
LIBERTY STAR URANIUM ANNOUNCES DIAMOND DRILLING PROGRAM TO START DECEMBER 1, 2007



Tucson, Arizona—November 28, 2007—Liberty Star Uranium & Metals Corp. (the “Company”), (OTCBB symbol: LBSU) is pleased to announce it will start its diamond drilling program to explore its portfolio of breccia pipe targets (Pipes) in the North Pipes Super Project (NPSP) area starting December 1, 2007. This work will be done by its wholly owned subsidiary Redwall Drilling Inc. (Redwall). This is a major transition for the Company—from property accumulation and geoscientific surface studies to almost complete emphasis on drilling to find uranium mineralization in numerous Pipes and define ore bodies.



The Company will first attempt to open fourteen holes drilled in the 1970s-1980s that are close to targets defined by our recent geochemical sampling and geologic mapping campaign. Down hole e-logs (electrical resistance measurements) and radiometric (radioactive) surveys will be conducted in these holes to determine whether a breccia pipe and/or uranium mineralization is present. These data will be compared to and integrated with surface geological and geochemical information. If any of these holes have encountered mineralization they may be used as a parent hole for directional drilling, utilizing this capability of the Redwall rig, crew and directional contractors. This will save substantial time and money and yield important information whether additional directional drilling is done from these holes or not.



Once these holes are opened and logged, the diamond drill crew will commence drilling our prioritized Pipes. As mentioned above, old drill holes will form part of our prioritization process and we will do final prioritization of which Pipes will be drilled first after the old holes have been surveyed.



At this time the company has nine Pipes fully permitted and ready for drilling. The first procedure will be angle drilling to determine the exact location and dimensions of the targeted breccia. Once the breccia has been defined, the center will be determined and a vertical hole will be drilled to a depth where the expected uranium mineralized zone should be encountered—historically found to be between 900 and 1,500 feet below the current surface. If uranium is intersected then a directional diamond core tool will be put on the end of the drill pipe and a directional hole will be drilled off the main hole to test the extent of uranium mineralization. Assuming continued intersection of ore grade mineralization, additional directional drill holes will be drilled until an ore body has been defined. During the drilling process, ore reserves will be calculated and a mine will be designed, and permitting for mine construction will be started. A bankable feasibility study will be finalized for that Pipe within a few months. After the definition of the ore body the drill will pull off that Pipe. The drill rig will go to another Pipe where the process will be repeated. If no ore grade mineralization is encountered with the vertical drill hole in a Pipe, we will immediately move to the next Pipe and repeat the process until one is found with ore grade mineralization. Directional drilling will ensue in a repeat process to define an ore body and so on.



The Company has designed this as a dynamic process in which decisions will be made on a daily and in some cases hourly basis as to what should be done next. This is possible because we are using a diamond drill manned by our own expert crew as part of the exploration team, in which core showing rock textures and mineral characteristics are continuously collected. Most drilling done in the district in the past and being done currently by others has been done by rotary drilling in which continuous samples of only very small fragments of rock are recovered. From such samples rock type and mineralization are interpreted by the project geologist and grade is calculated from down hole logging and assay of the sampled fragmented rock. By owning our own drill we can core drill more cheaply than rotary drill bids we have received and will recover solid core which yields 10 to 100 times as much information. Further, the core holes are less susceptible to hole deviation which has been a substantial problem with rotary drill holes in the district. Should a core drill hole of ours be seriously off target because of any similar = deviation we can correct it with directional drilling to hit the intended target. We will also have two portable XRF (X-Ray Fluorescence) analysers on the drill site that can give us immediate semi-quantitative analysis (assay) of metal content within minutes of the drill core reaching the surface. This will be corroborated, much later, by standard assays on split core by our accredited analytical lab in Vancouver, BC, Canada for ore grade determination according to Canadian 43-101 assay rules. Geological, geochemical, and possibly geophysical parameters will be logged using state of the art computer logging protocols and software. These geologic data will be combined with the Niton assays so that drill logs can be sent over the Company’s Virtual Private Network (VPN) connected to the drill site by satellite dish so that decisions regarding the hole can be made in a timely fashion with geologic management having input, regardless of their location.



The Company intends that the drilling will be dynamic and fluidly changing where necessary to most cost effectively explore for and measure any mineral deposits located.



It is anticipated we will drill some 21 thousand feet of diamond core holes in the next 3 to 5 months, the exact amount being dependant on what the depth of the holes turns out to be, how many are directional versus straight, and rock penetration rate, none of which can be accurately predicted at this point. This may test several Pipes or it could define an ore body in just one or perhaps two Pipes. There are 9 Pipes that are permitted at this point and others are being evaluated and permitted as the summer’s geologic mapping and sampling results are digested.



This is a long-term project with more than 300 pipe targets being evaluated and prioritized. Assuming available funding, drilling will be continuous 24/7/365 for multiple years. The intent is to test all Pipes and bring those with defined ore bodies into production as quickly as possible. Various proposals for additional funding have been received and are being evaluated.







ON BEHALF OF THE BOARD OF DIRECTORS

“James A. Briscoe”

James A. Briscoe,

President/Director



The breccia pipes are part of the large uranium bearing breccia pipe terrain which occurs on the Arizona Strip lying just south of the Utah border. Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area. The uranium bearing pipes which were mined are the second highest grade uranium mineral deposits in the world and the highest grade in the United States. Previously mined mineralization in these pipes has graded about 0.6% to 0.7% uranium or about 12 to 14 pounds per = ton. In addition to uranium they are known to contain copper, zinc, silver, vanadium, cobalt, nickel, molybdenum, gallium, germanium and other metals. Past producers have recovered copper, silver and vanadium as by-products of uranium mining.









SAFE HARBOR STATEMENT

Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include that the Company will start its diamond drilling program to explore its portfolio of Pipes in the NPSP area starting December 1, 2007; that the Company will first attempt to open the specified fourteen holes and the diamond drill crew will then commence drilling the Company’s prioritized Pipes; that the Company’s exploration program will save substantial time and money and yield important information whether or not additional drilling is done therein; that ore reserves will be calculated and a mine will be designed during the drilling process; that permitting for mine construction will begin during the drilling process; and that drilling will be continuous for multiple years, given required funding.



It is important to note that the Company’s actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended exploration; that weather, logistical problems or hazards may prevent us from drilling; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company’s recent 10-KSB and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.



Contact:

Liberty Star Uranium & Metals Investor Relations

Tracy Myers: (520) 731-8786



AGORACOM Investor Relations

http://www.agoracom.com/ir/libertystar

lbsu*agoracom.com

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Let's Go METS!!!

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SandRacer
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I've been sitting on shares of LBSU for a while now. It's good to see some upward movement. It will be interesting to see how many opt to gamble on this one. It does seem poised to do some substantial gains.
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Lockman
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Did you make the bottom?

I got out when this was around .50 I've made some decent gains on this in the past.

I was watching it but some how missed the bottom
if it holds .30 I'll probably join you. GL

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Let's Go METS!!!

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SandRacer
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Unfortunately, no.

I first started watching it at .34 and bought in at .41 only to watch it fall.

But, I'm in no hurry. I've been watching it climb back up on today's news. Just a few more cents and I'm even and can sit back and enjoy a nice steady climb, I hope.

Fortunately, for me, I'm not a day trader.

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Lockman
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I'd guess your alright. You'll probably see atleast .75. GL

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Let's Go METS!!!

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Lockman
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Looks like that was it. .32 x .34

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Let's Go METS!!!

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SandRacer
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I'm looking down the road a bit for this one.

Volume has dropped off since earlier in the week.

Drilling starts tomorrow. If their surface studies were on target, this time, I'm hoping we'll see some good PR's in a few weeks.

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STAR GAZER
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Here is a summary of Liberty Star Uranium:

Liberty Star Uranium and Metals Company (LBSU) is a company with a massive uranium property and possibly also a massive world class gold and molybdenum property which borders Nothern Dynasty's (NDM) Pebble project. And yet the price of LBSU is only around 25 cents. NDM's stock price is $11/share and NDM has more than twice as many shares of stock as LBSU. 91.9 million shares vs 42.9 million shares for LBSU. Northern Dynasty's Pebble project has known/inferred resources of 138 billion pounds of copper, 149 million ounces of gold and 1.687 billion pounds of molybdenum. When NDM first announced their find and described it, the mamagement of LBSU realized that it was part of a gigantic collapsed caldera (a caldera is the wall surrounding the cone of a volcano.) Since a volcano and its caldera is formed by upwelling, churning magma, it usually means that any metals found in one part of the caldera, will probably also be found in other parts of the caldera. NDM had staked what turned out to be 1/4 of the caldera. LBSU (which at that time was called Libetry Star Gold corporation) staked out the other 3/4 of the caldera. They started to explore the caldera and also outlying areas. They called their caldera project Big Chunk because of its potential for containing a big chunk of the metals to be found in the caldera. 40 miles away they found a gold bearing area. Out of 20 samples, 17 only had trace amounts of gold, but one had
8 grams/per ton, one had 12g/t and one had a bonanza grade of 96g/t. So they called this property Bonanza Hills. Things were looking good, but it turned out that the Pebble project was near some pristine Alaskan rivers where salmon spawn. The owner of a fishing lodge in the area complained that NDM was going to pollute the area and shouldn't be allowed to build a mine. Alaskan politicians,including the governer, joined in and now the plans for a mine by Northern Dynasty are on hold until they can show that they have come up with a way to mine the area without polluting the rivers.
While this was going on, LBSU put its plans for exploring and developing the area on hold. In addition to their gold properties, the management of LBSU had been looking around the world for uranium properties, because the price of uranium has been climbing even more stronly than gold. In the 1980's the price of uranium was up because it was being used to make nuclear bombs plus it was also being used in nuclear power plants which were being built at that time. But then we had a major nuclear power plant disaster and new nuclear power plants were put on hold, plus the cold war ended, and so uranium was no longer needed for nuclear bombs. Because of this, the price of uranium started falling, and by 2001 it was under $7/pound. When the price of uranium started falling, most uranium mines were shut down and the uranium containing properties abandoned. Now however, nuclear power plants are being built again and new ones planned because they don't pollute the air, they produce cheap electricity and the new plant designs will automatically shut down the nuclear core if anything goes wrong. Because of the growing awareness that nuclear power plants are less polluting than coal and oil powered plants and because we no longer have to worry about a nuclear power plant accident, the new demand for nuclear fuel will not suffer a set back. In fact, the demand for the uranium to fuel these plants is growning faster than uranium is being mined and so the price of uranium is climbing. Since the low of 2001,when it was under $7/lb, it has almost reached $100/lb., and it looks like the demand and price of uranium is going to continue growing for decades to come. At the time that their Alaskan property was put on hold, the price of uranium had only started its price climb and it was much lower than it is now, and so there was still a lot of uranium bearing property that was up for grabs. In northern Arizona there is an area where water has formed hundreds of underground caves. Over time the weight of the surrounding limestone caused the caves to collapse and fill with broken limestone, called braccia. This empty space surrounding the rock eventually was filled in with organic material. These vertical collapsed caves can be 3,000 feet long. It turns out that millions of years ago there was a large upwelling of magma in the surrounding area that had traces of uranium, vanadium and other metals in it. Uranium ores, and also vanaduim ores, react with acidic water to form very soluable compounds. Acidic rainwater (water plus co2 forms a weak acid) which flowed through the magma dissolved the uranium and vanadium and other metals and carried them away. This underground flowing water encountered the breccia pipes, and because they were less dense than the surrounding limestone, the water preferntially flowed down through them. Organic material neutalizes acids and so, as the water flowed through the braccia pipes, it would loose its acidity and the uranium and vanadium, plus other metals would precipitate out of the water and be deposited in the braccia. Over millennium the amount or uranium and vanadium (which is also a very profitable metal to mine, it is used in specialty steels) built up and braccia pipes that were mined in the area contained, on average, .7% uranium (U3O8) and 1% vanadium. And the concentration of uranium even went up to 55% U3O8. Since a concentration of .1% or even less of U3O8 is considered economical to mine, these braccia pipes had high grade deposits of uranium. In the 1980's there were eight breccia pipes that were mined in the area and produced millions of pounds of uranium. They were shut down when the price of uranium started falling. LBSU started acquiring land in the area and over a period of years they staked most of the area. They now have 340 braccia pipes that they have found. Not all of the pipes may contain uranium and/or other metals, but many of them will probably have economical amounts of metals that can be mined. The breccia pipes are usually located hundreds of feet below the surface and so are hard to find. Since they are only 100 to 400 feet wide, the drill can easily miss them. LBSU (since it is now concentrating on finding uranium instead of gold, it changed its name from Liberty Star Gold to Liberty Star Uranium and Metals) drilled a few holes but missed the breccia pipes and because of that, plus because its Alaska property is on hold, it's price has gone way down to the 25 cents area. However, since then, it has taken thousands of surface soil samples and had them tested for trace metals. These are also called tracer metals, because by correlating the amounts and combinations of the metals, you can determine where to drill to find the breccia pipes. All this has taken a long time to accomplish and while it was in progress, LBSU bought its own deep drilling rig and then acquired a team to use it. LBSU just gave a news report last week that starting in December, which is now, they are going to start drilling to locate and test the breccia pipes. The drill can drill sideways as well as vertically, and so any pipes that they locate, they can thoroughly explore. As soon as they find a breccia pipe, and if it has uranium, the price of the stock will start climbing. LBSU has also formed a joint venture with an Australian mining company to explore an area that has 20 breccia pipes. The Australian company will spend the money to explore and develop any breccia pipes that contain uranium and LBSU will get a share of the money. In the meantime LBSU will be exploring the other 320 breccia pipes on their property. Each pipe can be a producing mine and so LBSU could end up finding millions of pounds of uranium. Most other junior mining companies have to wait months to rent a drill, and then can only use the drill for a limited amount of time. LBSU, on the other hand, has its own drill which they can use whenever and where ever they want, and this will greatly facillitate it in exploring its property.

While LBSU has been concentrating on its uranium properties, Norhern Dynasty
realized that it needed the backing of a major mining company which would have the money and resources to not only help counter the bad publicity, but to help explore/develop their property. The giant mining company Rio Tinto bought a 19.8% stake in the company, plus the giant mining company, Anglo American formed a 50/50 joint venture with NDM. Since then they have been working with the local Alaskan population and the Alaskan government to come up with a mining plan that meet with their approval and it is starting to look like they will eventually succeed in getting a mining approval. Since it is starting to look like they will get approval to mine their Pebble property, it will probably mean that other companies that have acquired property in the area, may be able to get large mining companies, with the money and staff to develop their property, to form a joint ventre with them. In fact, a company called Full Metals, which acquired land surrounding the part of the caldera that Northern Dynasty owns, just announced that they have formed a joint venture with the giant mining company Freeport-McMoRAn Copper & Gold incorporated to explore and develop their property. I would think that LBSU may now form a joint venture with a mining company, maybe even Freeport-McMoRAn, to develop its part of the caldera that they control. NDM has the S-SE section of the caldera. LBSU has the N-NE & N-NW part of the caldera. They decided to relinquish the S-SW portion of the caldera. Maybe their previous preliminary work up indicated that it didn't have great potential. At this time LBSU hasn't said anything about forming a joint venture to develop the remaining parts of their Big Chunk property, but this September they announced that they had formed a joint venture for another company to develop their Bonanza Hills property. So this shows that they are thinking about the area and may even form further joint ventures on their Alaskan property.

It could be that shortly the price of LBSU could start climbing, after having gone nowhere for over a year. They have now started to drill their uranium property, and at any time they may announce that they have found a braccia pipe. Also, they may now do something with their Alaskan gold-molybdenum property. If they form a joint venture with a major mining company to develop their Big Chunk property, and especially if they start finding gold-molybdenum,
just from that alone, their share price could go into the multidollar price range. And if they start finding breccia pipes that contain uranium, that could drive their share price to the multidollar range. So down the road we could be easily looking at a share price of $2.50 which is 10 times higher than its present price. And we could possibly even reach the $25 dollar range which would be 100 times higher than its present price. So LBSU looks like it could be a good speculation. But remember, that it is only a speculation.

The following is a press release previously put out by Liberty Star Uranium:
Jim Briscoe, President and Chairman of the Board, developed uranium exploration experience from 1978 through 1980 when his consulting company was under contract with the exploration subsidiary of the largest nuclear electric utility in the U.S.A. His company had responsibility for uranium exploration over the entire state of New Mexico. Based on this experience, he started a thorough research program in late 2003 to determine the prospects of exploration on the Colorado Plateau. Using a multifaceted approach, Liberty Star geologists, along with the help of a very talented geologic expert particularly familiar with these breccia pipes identified the breccia pipe targets that we have staked starting in the fall of 2004.

According to the U.S. Geological Survey, the breccia pipes in this region are of high grade compared to sediment hosted roll front deposits mined throughout the western US, with an estimated potential average grade for ore bearing pipes at about 0.7% to 0.8% uranium. This suggests that such pipes may contain mineral bodies of about 14 to 16 pounds or more of uranium per ton. At current prices this is approximately equal to 3 ounce of gold per ton. The pipes contain numerous metals in addition to uranium including copper, silver, vanadium, molybdenum, cobalt and nickel. The uranium mineralization however is by far the most economically important. Mines in this region have produced some 26 million pounds of uranium; some of these known ore bodies have contained as much as 55% uranium (1100 pounds per ton) in some samples.

This is the latest press release put out by the company:
TUCSON, Ariz., Nov 28, 2007 (BUSINESS WIRE) --
Liberty Star Uranium & Metals Corp. (the "Company") (OTCBB:LBSU) is pleased to announce it will start its diamond drilling program to explore its portfolio of breccia pipe targets (Pipes) in the North Pipes Super Project (NPSP) area starting December 1, 2007. This work will be done by its wholly owned subsidiary Redwall Drilling Inc. (Redwall). This is a major transition for the Company--from property accumulation and geoscientific surface studies to almost complete emphasis on drilling to find uranium mineralization in numerous Pipes and define ore bodies.

The Company will first attempt to open fourteen holes drilled in the 1970s-1980s that are close to targets defined by our recent geochemical sampling and geologic mapping campaign. Down hole e-logs (electrical resistance measurements) and radiometric (radioactive) surveys will be conducted in these holes to determine whether a breccia pipe and/or uranium mineralization is present. These data will be compared to and integrated with surface geological and geochemical information. If any of these holes have encountered mineralization they may be used as a parent hole for directional drilling, utilizing this capability of the Redwall rig, crew and directional contractors. This will save substantial time and money and yield important information whether additional directional drilling is done from these holes or not.

Once these holes are opened and logged, the diamond drill crew will commence drilling our prioritized Pipes. As mentioned above, old drill holes will form part of our prioritization process and we will do final prioritization of which Pipes will be drilled first after the old holes have been surveyed.

At this time the company has nine Pipes fully permitted and ready for drilling. The first procedure will be angle drilling to determine the exact location and dimensions of the targeted breccia. Once the breccia has been defined, the center will be determined and a vertical hole will be drilled to a depth where the expected uranium mineralized zone should be encountered--historically found to be between 900 and 1,500 feet below the current surface. If uranium is intersected then a directional diamond core tool will be put on the end of the drill pipe and a directional hole will be drilled off the main hole to test the extent of uranium mineralization. Assuming continued intersection of ore grade mineralization, additional directional drill holes will be drilled until an ore body has been defined. During the drilling process, ore reserves will be calculated and a mine will be designed, and permitting for mine construction will be started. A bankable feasibility study will be finalized for that Pipe within a few months. After the definition of the ore body the drill will pull off that Pipe. The drill rig will go to another Pipe where the process will be repeated. If no ore grade mineralization is encountered with the vertical drill hole in a Pipe, we will immediately move to the next Pipe and repeat the process until one is found with ore grade mineralization.

The Company has designed this as a dynamic process in which decisions will be made on a daily and in some cases hourly basis as to what should be done next. This is possible because we are using a diamond drill manned by our own expert crew as part of the exploration team, in which core showing rock textures and mineral characteristics are continuously collected. Most drilling done in the district in the past and being done currently by others has been done by rotary drilling in which continuous samples of only very small fragments of rock are recovered. From such samples rock type and mineralization are interpreted by the project geologist and grade is calculated from down hole logging and assay of the sampled fragmented rock. By owning our own drill we can core drill more cheaply than rotary drill bids we have received and will recover solid core which yields 10 to 100 times as much information. Further, the core holes are less susceptible to hole deviation which has been a substantial problem with rotary drill holes in the district. Should a core drill hole of ours be seriously off target because of any similar deviation we can correct it with directional drilling to hit the intended target. We will also have two portable XRF (X-Ray Fluorescence) analysers on the drill site that can give us immediate semi-quantitative analysis (assay) of metal content within minutes of the drill core reaching the surface.

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STAR GAZER
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Native Alaskan tribes are now backing the development of the Pebble project.

We have important information regarding Alaska mining exploration issues. As many of you know, environmental extremists have continued to slow the progress of the mining industry in Alaska, including Liberty Star. There may be change underway however. According to the Anchorage Daily News:

"Prominent Native organizations have sued the state of Alaska to stop certification of two ballot initiatives, alleging the initiatives, designed to stop development of the controversial Pebble Mine prospect, are unconstitutional. The Association of ANCSA Regional Corp. Presidents and CEOs and the Alaska Federation of Natives joined to file a suit, naming Lt. Gov. Sean Parnell and the state as defendants, alleging the initiatives violate the Alaska Constitution."
(Full story available http://www.adn.com/news/alaska/story/9471367p-9382571c.html)

Comments Mr. Briscoe:



“This is a water shed move by two key Native organizations. Should the initiatives pass they will stop all mining in Alaska. The Native Americans involved are coming to the realization that the extreme environmentalists are not their friends but will subject them to never ending poverty in the midst of a wonderful endowment of mineral resources; and the realization that modern mining companies can exploit very large mines with no long lasting impact and no environmental damage -- examples Red Dog, Greens Creek and many others. It will have an important impact in our ability to go back into Alaska and further explore or joint venture our Big Chunk project if these very bad initiatives are rejected.”



Tracy Myers
Investor Relations
Liberty Star Uranium & Metals Corp.
Phone (520) 731-8786
TMyers*LibertyStarUranium.com
www.libertystaruranium.com
www.agoracom.com/ir/libertystar

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Lockman
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They better drill and find something or where gonna be buying this at .15.

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Let's Go METS!!!

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Lockman
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http://stockcharts.com/h-sc/ui?s=LBSU&p=D&b=5&g=0&id=p40819052504

Some news recently. Just a flipper. imo

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Let's Go METS!!!

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Lockman
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http://stockcharts.com/h-sc/ui?s=LBSU&p=D&b=5&g=0&id=p27636995171

Beaten down a bit. Some news about drilling.

keep an eye out, this could have a nice move with some positive news.

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Let's Go METS!!!

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STAR GAZER
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02/12/08 LBSU after falling to the low .20's for over a year is now moving up. It has taken them three years to do thousands of sample analysis of surface finder metals and then buy a drill for their exclusive use, plus train the crew. But now after three long years, everything is in place and they have started their drilling program. They have over 300 potential uranium bearing breccia pipes, and since eith pipes in the 1980's had over 19 million pounds of uranium, there is an allmost certainty that they will find uranium.

Drilling at an angle towards a breccia pipe increases the chance of intersecting the pipe plus it will define the shape of the pipe and so allow vertical drilling which is needed to intersect and analyize the deeper uranium bearing zone of the breccia pipe. Since LBSU has accumulated the surface finder metal signatures of the over 300 breccia pipes on their property they can prioritize their targets and now start a multiple breccia pipes drilling schedule. Plus since they have their own drilling rig with horizontal to vertical drilling capabilities, and their multiyear accumulated data base of surface finder metal signatures, they should be able to pipoint the location of the breccia pipes and proceed to the vertical uranium drilling in shorter time periods than would be possible with other companies.
Supergen water is mentioned in the company press release which is printed further down. Supergene water contains supersaturated minerals which can be precipitated out of solution as slightly acidic ground water seeps down through breccia pipes and is slowly neutralized by the organic material which has accumulated in the open areas around the collapsed beccia in the pipes. Minerals such as iron precititate first and so are closer to the surface. Minerals, such as uranium, which have large complex crystals, precipitate later and so precipitate further down in the breccia pipe.
http://www.utexas.edu/tmm/npl/mineralogy/Mineral_Genesis/HydrothermalAqueousSolu tio.htm
http://pubs.usgs.gov/bul/b2004/html/bull2004breccia_pipe_uranium_deposits.htm
http://www.usetdas.com/maps/tournigangold/pipeschematic_2007Feb_R02quickfix.jpg

The average width of the breccia pipes in the Arizona strip is 50 to 200 feet. The uranium precipitates out of solution and accumulates in the breccia pipes in a zone that extends from a depth of 900 to 1,500 feet. The wider the breccia pipe, the greater the amount of uranium that might accumulate.
The source of the uranium was probably from the volcanic rocks within the Chinle Formation, which covered the entire region during Triassic time. The uranium either moved directly down the pipe’s throat or indirectly by moving laterally through an aquifer such as the Coconino Sandstone. Precipitation of the uranium occurred when the metal rich oxidizing solutions encountered the highly reduced breccia pipe environment. Reduction in the described EZ-2 collapse breccia pipe was caused by hydrocarbons that probably migrated out of the Brady Canyon Member of the Toroweap Formation and into the porous breccia pipe. The mineralizing event probably occurred sometime between the Late Triassic and Cretaceous time.

LIBERTY STAR URANIUM & METALS CORP.

http://www.LibertyStarUranium.com
LBSU:OTCBB
Feb 12, 2008

FOR IMMEDIATE DISSEMINATION
LIBERTY STAR DEFINES NORTH HALF OF NEOLA BRECCIA PIPE, DRILL HOLE 6 COLLARED TO DEFINE SOUTH HALF

TUCSON, Arizona-- February 12, 2008--Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB: LBSU - News) is pleased to announce that diamond drill hole NEOL-05 has penetrated the northeast wall of the Neola breccia pipe, penetrating and testing a surface geochemical anomaly as well. The surface projection and the depth of the 45 degree angle drill hole has a length and depth of 360 feet. Breccia intersection in NEOL - 05 plus breccia encountered in drill holes NEOL - 01, 02, 03, and 04 have been reviewed in detail and show the following:
1. The holes have penetrated the northwest and northeast walls of the Neola breccia pipe in four places.
2. The north half of the breccia pipe is roughly circular and it is presumed the south half will be as well. This will be confirmed by drilling.
3. It has an approximate diameter of 600 feet.
4. It contains strongly broken (brecciated) rock in which fragments of the overlying Moenkopi formation are down dropped into the underlying Kaibab limestone. This is a characteristic of all the known mineralized breccia pipes in the uranium breccia province of northern Arizona
5. The fragmental breccia is moderately to strongly altered and infused with finely disseminated pyrite (iron sulfide) in the breccia matrix, in the breccia fragments and in cross cutting veinlets. Much of the pyrite has been oxidized to red and yellow iron oxides (hematite and limonite) by downward moving oxygen bearing surface water (supergene solutions).
6. No uranium or other metals of economic interest have yet been identified. However none were expected at the depths so far penetrated. Uranium is not expected above 900 feet below the surface.
7. All characteristics of the Neola breccia pipe are similar to those described in historic technical literature for numerous other known mineralized breccia pipes.

The drill core is being split in standard fashion and sent to a Certified assay laboratory in Vancouver BC Canada (News Release 52). The core is being assayed for 63 different elements, corresponding to surface geochemical assays and the results are expected in due course.

The Neola breccia pipe is different in one characteristic. The pipe measures approximately 600 feet in diameter whereas the average breccia pipe at this level is about 300 feet in diameter. The Neola subsidence zone around the breccia pipe is quite large and this may relate to the size of the breccia center. The Company believes this is a favorable factor. However until a vertical hole is drilled down the center of the breccia pipe, penetrating to the historic depths where mineralization has been intersected in other mineralized breccia pipes, no determination can be made about possible mineralization. This depth is expected to range from 900 to 1500 feet to the top of the potential mineral zone which typically continues for about 600 feet or to a depth of 1,400 feet to 2,100 feet.

Diamond Drill Hole NEOL- 6 has been collared 300 feet south of the collar location of NEOL – 01, 02, 03 and 04. It will be drilled in a northwest direction to cross under NEOL – 01 and confirm the south half of the Neola breccia pipe. After the breccia pipe has been sufficiently defined, the center of the pipe will be determined and a vertical hole drilled to test for mineralization at depth.

The Company is very pleased with the results of this work. We l have progressed methodically in a series of carefully planned steps since starting uranium exploration three years ago. These steps are summarized as follows:

1. Determined that the price of uranium would go up from the then spot price of $19 per pound to the current long-term contract price of $95 per pound.
2. Identified the district where historically the highest grade uranium in the United States and second highest grade in the world has been mined in the past – the Arizona Strip.
3. Moved quickly, before our competitors, to acquire the largest number of breccia pipe targets (Pipes) in the district – this emphasis on acquisition continued until the late summer of 2007.
4. Determined a way to evaluate which targets had the most potential for finding strong mineralization and thus prioritize targets (regional geochemical surveys of all Pipes (News Release 59 and News Release 60). This phase is essentially complete as of February 1, 2008.
5. Devised the new approach of low angle diamond core drilling to quickly and precisely define the breccia pipe surface geometry at low cost to allow an accurate deep hole(s) test to be precisely placed.

This has been hard, slow, professional and technical work over the last three years but we have accomplished much. We believe we can now move quickly and precisely forward, efficiently testing numerous pipes, with the objective of defining multiple ore bodies.

ON BEHALF OF THE BOARD OF DIRECTORS
James A. Briscoe, President/Director

About the Liberty Star North Pipes Super Project

The breccia pipes are part of the large uranium bearing breccia pipe terrain, which occurs on the Arizona Strip lying just south of the Utah border. Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area. The uranium bearing pipes which were mined are the second highest grade uranium mineral deposits in the world and the highest grade in the United States. Previously mined mineralization in these pipes has graded about 0.6% to 0.7% uranium or about 12 to 14 pounds per ton which at a price of $95/lb equals $1140 tto $1330/ton and a breccia pipe can contain thousands of tons of ore. In addition to uranium they are known to contain copper, zinc, silver, vanadium, cobalt, nickel, molybdenum, gallium, germanium and other metals. Past producers have recovered copper, silver and vanadium as by-products of uranium mining. Liberty Star Uranium & Metals holds about 300 pipe targets, approximately 40% currently identified total. Approximately 22 other companies hold the other approximately 60% of breccia pipes.

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