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There is strong geological evidence to suggest the potential for a massive mineral discovery on the Company's claims. This effort is known as the "Big Chunk Project" and encompasses 153,000 acres in southwestern Alaska mineralized zone. Liberty Star holds a huge land position (237 square miles; 153,000 acres) bordering the massive Pebble copper-gold-molybdenum deposit in southwestern Alaska. The Pebble property, hosts the largest deposit of contained gold resources (26.5 million ounces) and second-largest deposit of contained copper resources (16.5 billion pounds) in North America. As gold and copper prices approach or reach new highs for the year (and with many analysts predicting US$500 gold), Liberty Star is extremely well positioned to capitalize on this exciting bull market. Liberty Star's claims cover an area roughly three times that of Northern Dynasty's, bordering it to the north and south, and include key geological features relating to the Pebble mineralization. More significant copper-gold discoveries are expected, and a major exploration program is already underway and will continue on the property through 2004 and beyond.
Investing Spotlight
Canadian Exploration holds vast promise and is under-exploited. Canadian drilling has increased by 60% while U.S. drilling fell by 71% over the past 20 years. Canada produces 5.5% of the world's energy and is the largest exporter of energy to the U.S., exporting 3.5 million BOE (Barrels of Oil Equivalent) per day to the U.S. vs. 1.5 million BOE/Day from Saudi Arabia. Canada produces 5.5% of the world's energy and has exported 3.5 million BOE per day to US in 2000 compared to:
The price of natural gas has almost tripled in the past four years and risen dramatically over the past decade from approximately $2US to nearly $6US and is expected to continue to rise. The United States is facing a potential crisis of natural gas supply due to increasing demand and a shortage of supply, with inventories 29% below their five-year average, and decreasing North American production. The Energy Department estimates electricity demand will rise more than 45% over the next 20 years, with natural gas accounting for as much as 95% of new generation capacity. Silver Star has entered into two agreements with a private Alberta company which allows Silver Star a farm-in and option to drill oil and natural gas wells on two potentially prolific projects in Alberta
In addition to marketing, Air-Q's business plan has a dual focus on acquisitions. Key strategic acquisi-tions will be made to accelerate the growth of the Q-Spot "footprint." Air-Q creates and maintains Q-Spots, Wi-Fi Hot Spots, to provide wireless high-speed Internet access. From anywhere within range of a Q-Spot, individuals can connect to the Internet wirelessly using their Wi-Fi enabled equipment.
Richard Hughes is one of Canada's most successful mineral explorationists. He is responsible for discovering three of Canada's most significant gold mines, Belmoral, Sleeping Giant and the countries largest ever gold find — Hemlo. Gold, considered by many as a monetary currency, plays a vital role in global stability. In an era of global tension it may not be surprising to see a renewed interest in gold and an increase in pricing, as witnessed in late 2002 and 2003. Many forward looking views have been expressed recently regarding the future pricing of gold relative to the U.S. currency, and the effect that a consumer debt crisis may have on those values. It is estimated that as much as 20,000,000 oz of gold has been mined over the past 107 years, and that this gold has migrated from sources at the headwaters of Bonanza and Eldorado creeks. This headwater is known as Lone Star mountain, and is contained within the Lone Star claims. The Lone Star claims, including famed Eldorado and Bonanza Creeks, are the nexus of the original Klondike Gold Rush. The Klondike is considered to be the richest placer, or surface, gold producing area in world history and experienced the greatest gold rush the world has known. Klondike Star is providing capital resources for the final step in the search for the Mother Lode.
The long-term outlook for U.S. natural gas prices appears to be quite favorable. Domestic consumption remains in an uptrend, and is expected to rise to more than 30 trillion cubic feet per year by 2020, versus approximately 26 tcf at present. Demand is bolstered by rising electricity needs, coupled with the cost and environmental advantages of natural gas-burning power plants, which account for 95% of all new electricity generation. The domestic gas supply is falling at the unprecedented rate of about 5 - 6% per year, and storage inventories are well below optimal levels (seasonally adjusted). Onshore production is being limited by aging wells; conventional gas wells typically have high production rates in their early years, followed by a longer period of greatly diminished output. Drilling opportunities are also on the wane, as this country has already exploited most of its onshore fields. New wells are mostly small and shallow and have short life spans, factors that discourage development by large firms, which have lately been conservative with their cash. The U.S. government has recently moved aggressively to encourage development of these coal bed methane (CBM) reserves. CBM is inexpensive to drill and complete, and wells typically have a very high success rate. Galaxy's acreage is strategically located near roads and pipelines with a 20-inch high pressure gas transmission line running through the acreage. The business plan calls for development of approximately 800 bcf of gas reserves by fiscal year-end 2005. Galaxy has recently acquired an operating interest in 61 exisiting coalbed methane (CBM) wells and approximately 12,000 additional gross acres in the Powder River Basin in Wyoming. Galaxy has a 30-year concession from the Romanian government on 21,500 acres overlaying shallow coal seams that are likely rich in gas. Galaxy has also leased 3,600 acres of the prolific Trawick field in East Texas; horizontal drilling techniques have yielded strong results in this area. Disclaimer The information contained in the documents in this website should not be construed as an offer to sell, or a solicitation to buy, any securities referred to herein. The information is considered reliable, but not guaranteed as to accuracy or completeness. Investor Communications specifically disclaims any liability in connection with the documents and/or information contained within this website. See complete Disclaimer and SEC Compliance.
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1.5
Million BOE/Day from Saudi Arabia