Las Vegas, NV,, Nov. 20, 2013 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified exploration, development and mining company focused on "Mined in America" strategic industrial minerals, today announced ongoing progress in its Fencemaker mining and milling operations.
First Liberty CEO, Don Nicholson, noted that ongoing blasting and mining work at Fencemaker has advanced to four blasts per week, with more than 350 tons of stibnite (antimony) ore prepared for shipment. "We anticipate that the first container loads will be ready for sale by mid-December," Nicolson said. "At that time we will provide details on ore grading and deliverable quantities."
Mr. Nicholson further noted that First Liberty CFO Mario Beckles recently spent a week at the Fencemaker site to advance accounting / production oversight policies and mining operation procedures. A follow-up visit by Mr. Beckles is scheduled for early December to review and finalize the systems, as well as to implement additional testing protocols for ore grading and transportation logistics.
Vice President of Operations Bob Reynolds announced that the company is continuing to progress on design and finance for the mill operation in Lovelock, Nevada, which is close to the Fencemaker mine site. "By having our own milling facility, we will have the ability to process the ore at a faster rate as well as achieve greater recovery and grading," Mr. Reynolds said. "These processes will result in an ore concentrate of 50% and above, which has a greater value to the company. Upon completion of mill design specifications, we anticipate submitting the permit applications in December."
Nicholson completed the Pathways of Progress update by announcing preparations are underway for the inaugural First Liberty Power Annual General Shareholders Meeting (AGM) at a date early in 2014.
FLPC will continue to use Pathways of Progress announcements to update advancements in their mining and overall operations.
ABOUT FIRST LIBERTY POWER CORPORATION (OTCQB: FLPC): First Liberty Power Corporation is an innovative and diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. The First Liberty corporate philosophy is driven by a dedication to the Pathways of Progress (POP) program. This is a program of best corporate practices designed to drive the company's exploration, development and mining operations, benefitting First Liberty shareholders, investors and mining partners, in addition to ensuring safety, environmental integrity, and good governance. Presently, First Liberty 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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ABOUT ANTIMONY: 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, bullets and plain bearings. Antimony compounds are prominent additives for chlorine- and bromine-containing fire retardants found in many commercial and domestic products. An emerging application is the use of antimony in microelectronics.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital.
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.