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Liberty Star Uranium & Metals Corp. (OTCQB:LBSR) reported Tuesday the completion of induced polarization (IP) and resistivity testing over known gold-bearing veins at its wholly owned Red Rock Canyon Gold Project, located within the Hay Mountain Project in southeast Arizona.
According to a statement included in the company’s SEC filing, the geophysical test was conducted in July 2025 and was successful in detecting and characterizing gold-bearing veins. The company outlined three key findings from the IP test: first, that gold-bearing veins can be detected, mapped, and characterized using electrical geophysics; second, that the veins exhibit higher resistivity than the surrounding limestone due to their siliceous and jasperoidal nature, making them detectable even when covered by soil; and third, that the veins display higher IP values than the hosting limestone, which is consistent with the presence of sulfide mineralization, including pyrite and arsenopyrite, typical of Carlin-style deposits.
Dr. Jim B. Fink, chief technology officer and geophysicist with Sub Rosa Monitoring LLC, who conducted the survey, stated, “The data did exactly what a calibration test should do—light up what we already know is there.” Pete O’Heeron, chairman of Liberty Star, said the results validate the company’s systematic exploration approach and support the use of IP technology to optimize drilling programs and potentially identify additional high-grade targets.
Liberty Star Uranium & Metals Corp. is incorporated in Nevada and its common shares are traded on the OTCQB market under the symbol LBSR. The information in this article is based on a press release statement included in the company’s current report filed with the Securities and Exchange Commission.
In other recent news, Liberty Star Uranium & Metals Corp. announced it has entered into a Securities Purchase Agreement with FirstFire Global Opportunities Fund LLP. The agreement involves a convertible promissory note with a principal amount of $137,500. This note carries a 10% original issue discount and bears an interest rate of 8%. It is set to mature one year from the date of the agreement. The terms allow for the conversion of the outstanding principal and accrued interest into shares of Liberty Star Uranium & Metals’ common stock. The agreement and the note were executed on August 25, as per the SEC filing. These developments reflect the company’s recent financial activities.
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