Las Vegas, NV, Oct. 4, 2013 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified mine exploration and development company focused on "Mined in America" strategic industrial minerals, today announced that they are drawing near to production and sales of stibnite ore (antimony) from their Fencemaker mine.
Fencemaker Operations Director, James Vogan of Stockpile Reserves, LLC, confirmed that the external mine-site drainage is nearing completion and the internal mine Water Management Plan (WMP) is being implemented. "Once we put the finishing touches on the remaining details of the Water Management Plan, we will schedule a final site inspection with the appropriate regulatory departments," Vogan said. "We anticipate that the inspection will occur next week, at which point SRL, First Liberty Power and Small Mine Development will take the final steps required to begin mining stibnite ore (antimony)."
In conjunction with the final WMP approval, Bob Reynolds, VP of Operations for First liberty Power, disclosed that the Company has secured a first buyer for the lower concentration stibnite ore. "While our management teams have been focused on bringing Fencemaker to production, we have also been diligently working on securing purchasers for the ore once it is mined, and an initial threshold grading achieved," Reynolds said. "When those near term objectives are achieved, we will commence the filing of permits and engineering designs for our milling site operation so that the ore can be further upgraded."
Antimony is a lustrous gray strategic industrial mineral found in nature primarily as the sulfide mineral stibnite. Antimony compounds have been known since ancient times and were once used for cosmetics. Today, the largest applications for metallic antimony are as alloying material for lead and tin and for lead antimony plates in lead-acid batteries. Alloying lead and tin with antimony improves the properties of the alloys which are used in solders, bulletsand plain bearings. Antimony compounds are prominent additives for chlorine- and bromine-containing fire retardantsfound in many commercial and domestic products. An emerging application is the use of antimony in microelectronics.
FLPC will continue to use Pathways of Progress announcements to inform and update all interested parties of advancements in their mining and financial operations.
ABOUT FIRST LIBERTY POWER CORPORATION (OTCQB: FLPC):First Liberty Power Corporation is an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals. The FLPC corporate philosophy is driven by a dedication to Pathways of Progress (POP). It is a program of best corporate practices designed to rapidly drive the company towards mine production/milling, benefitting FLPC shareholders, investors and mining partners and ensuring safety, environmental integrity, and good governance. Presently, FLPC has interests in four properties: the Fencemaker antimony project in Nevada, the Lida Valley and Smoky Valley lithium brine projects in Nevada, and the San Juan vanadium/uranium project in Utah.
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Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC.