Liberty Star Uranium and Metals Corp. (LBSR) records new find, stock leaps

Liberty Star Uranium and Metals Corp. (OTCBB: LBSR) shares leapfrogged 17.7% to six cents Wednesday, on word of a new find. Volume for the stock surpassed 4.2 million shares.

A news release dated August 3 announced the detailed delimitation of a zoned series of geochemical metal anomalies over a large covered area which are interpreted to indicate a covered porphyry copper-gold-silver-moly mineral zone approximately 0.7 miles in diameter.

The geometry of the anomalous copper, gold, silver and potassium are just like the Lowell Guilbert porphyry copper model and are interpreted to indicate a buried porphyry copper system exhibiting a gold center and a copper and potassium halo surrounded by a very large gold-silver and low temperature metal halo.

Multi-element anomalies include copper, molybdenum (moly), gold, silver, lead, zinc and potassium, and other low temperature metals. These anomalies were determined through the analysis of vegetation samples conceived and developed by geochemist Dr. Herbert Hawkes over the copper mines south of Tucson in the 1950s and ’60s. Jim Briscoe and geochemist Shea Clark Smith, along with Dr. John Guilbert, refined the process at Silver Bell, AZ, in the mid-1990s, as well as at the Big Chunk Caldera, AK, in 2004 and 2005 where significant discoveries were made.

Comments CEO/Chief Geologist Briscoe, “This geochemical discovery falls squarely within the theoretical framework of the Porphyry Copper Model laid out by Liberty Star Board Director Dr. John Guilbert [in The Geology of Ore Deposits]. Of course drilling will be ultimately required to determine the character and grade of the covered mineralization giving rise to anomalous metal values at the surface.”

Colorado Rare Earths Inc. (CALY) jumps on Boeing contract

Colorado Rare Earths Inc. (OTCBB: CALY) jumped 6.3% in price to $8.50, on word it had awarded a contract to the Boeing Company (NYSE: BA) for the utilization of their leading edge technology designed to identify and confirm rare earth and other mineral deposits. Volume for the stock had yet to register by late morning Tuesday; its usual daily average totaled more than 3,700 shares.

In a news release dated August, 2, company CEO Michael Parnell decalred, “Boeing’s technology will greatly expand the scope and efficiency of our exploration activities and may provide definitive profiles of individual Heavy Rare Earth Elements (HREE) as well as Light Rare Earth Elements (LREE).”

“We have worked diligently and have been extremely successful in acquiring large resource claims with a goal to commercialize our holdings for the U.S. market. Boeing’s technology should accelerate our timetable. With Boeing’s ability to expand our exploration and incorporate large-scale analysis of our claims and other possible rare-earth deposits, this contract could greatly increase our ability to become a substantial domestic supplier of rare earths for the U.S. military’s strategic requirements as well as for the green technologies sector,” Parnell added.

Colorado Rare Earths, Inc. is a mineral claims acquisition company. The Company currently focuses on rare-earth elements and owns a 100% interest in a group of Colorado, Idaho and Montana unpatented, mineral claims; the Iron Hill Property located in Gunnison County, the Wet Mountains Property located in Freemont and Custer Counties, and the Lemhi Pass District Property located in Idaho and Montana.

Colorado Rare Earths, Inc., (CALY) branches out, stock shines

Colorado Rare Earths, Inc., (OTCBB: CALY) shares prospered 7.7% Monday to $7.00, on word of new staking. Volume for the stock was a mere 2,125 shares, short of its daily average around 3,600.

The Lonoke, Ark.-based company put out a news release Monday saying that it has staked in excess of 8,000 acres in and around the Lemhi Pass District located in Idaho and Montana.

The United States Geological Survey report, released in December 2010, “The Principal Rare Earth Elements Deposits of the United States,” lists the Lemhi Pass District among the major Rare Earth Element (REE) deposits in the United States, while the December 2010 Department of Energy Critical Materials Strategy reports that Lemhi hosts significant concentrations of Heavy Rare Earths critical to green-tech and national security applications.

CREC’s new claims in Idaho follow the Company’s April 2011 staking of an additional 4,000 acres in Colorado’s Iron Hill and Wet Mountains mineral belts.

Company President Greg Schifrin was quoted in the same release as saying “our staking at Lemhi Pass adds to our portfolio of significant REE properties in Colorado. Taken together, Colorado Rare Earths’ claims now include some of the most prospective REE properties in the U.S.”

Colorado Rare Earths, Inc. is a mineral claims acquisition company. The Company currently focuses on rare earth elements and owns a 100% interest in a group of Colorado, unpatented, mineral claims; the Iron Hill Property, located in Gunnison County and a 100% interest in a group of unpatented mineral claims including the Wet Mountains Property which are located in Freemont and Custer Counties.