Liberty Star Minerals' Chief Geologist James Bryce recently shared significant updates regarding the drilling progress at the Hay Mountain property, underscoring the company's dedication to meticulous exploration and project de-risking. The discussion centered around two pivotal holes, HM-117 and HM-001, which have yielded promising geological data.
Hole HM-117, strategically drilled at the center of a magnetic high and over a conductor identified by the ZTEM survey, encountered limestones of the Morita formation at a depth of 108 feet. This discovery suggested a faulting event with a vertical offset exceeding 800 feet, prompting the company to deepen the hole by an additional 500 feet and extend the overall program by 1000 feet. Such adjustments reflect Liberty Star's adaptive exploration strategy in response to geological findings.
Further east, hole HM-001 was collared on a Colina limestone outcrop, revealing polymetallic leakage textures at the surface. These textures indicated elevated levels of lead, zinc, molybdenum, and occasionally copper. Despite being at a similar elevation to HM-117, HM-001 allowed drilling approximately 1350 feet deeper into the stratigraphy. The encounter with the Horquilla Formation at 420 feet, a formation renowned for hosting numerous copper deposits in the region, marked a significant milestone. As drilling approached 1500 feet, the decision to deepen the hole by 1000 feet was made, driven by increasing alteration, the presence of minor sulfides, and extensive carbonate vein stockworks.
Despite operating within budget constraints, Liberty Star Minerals has successfully de-risked the project, laying a solid foundation for future exploration endeavors. Bryce expressed optimism about refining the drill program with a larger budget, based on the results obtained thus far. These updates not only shed light on Liberty Star's exploration efforts but also on the complex geological features encountered during drilling at the Hay Mountain property, offering valuable insights for the mining and exploration community.
