During the last quarter, a variety of positive events have occurred. CEO/Chief Geologist will discuss recent events at the Meeting in a short presentation, including the following:
1. Increasing accuracy of the analysis of our ZTEM is going forward. It appears there may be a horizontal shallow zone that could contain copper oxides that would be leachable. We will work on a more shallow drill program during this very difficult fund raising period. Later, we will extend the depth of holes to test the sulfide zone indicated by the ZTEM geophysics.
2. On June 19th Geotech delivered three dimensional (3D) plots of the magnetics and electromagnetics (EM) with our geochem data superimposed on the geophysics so that the relationship is even more clearly depicted than it was in the 2D treatment. This 3D treatment is very computer intensive and was not easily possible until recently. These data are posted in our web page in the Hay Mountain Image Gallery: take a look.
3. Also sent to our website is a report about the Balboa discovery (Cobre, Panama) presented at the PDAC in 2014, and just released after the recent Geological Society of Nevada meeting, this Spring. The Balboa discovery is a recent blind discovery in Panama and now is part a cluster of six porphyry copper deposits previously discovered in close proximity to one another by more traditional exploration techniques. Balboa was discovered completely by use of the ZTEM geophysical method. This is very similar to what we believe we have at Hay Mountain – a cluster of porphyry copper deposits indicated by ZTEM and corroborated by geochemical analysis of clippings of twigs of desert vegetation collected over several square miles. This is called biogeochemistry or veggie geochemistry, and has been verified by Liberty Star and predecessors over the last 20 years and by other geochemists.
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