LAS VEGAS, NV — (Marketwire) — 12/18/12 — First Liberty Power Corp. (OTCQB: FLPC) (the “Company”) is pleased to update our investors on the Antimony property known as Fencemaker. The Company–s objective is to mine and process Antimony ore and any related minerals at a nearby processing operation during the 1st quarter of 2013.
This past August, we entered into a Stock Purchase Agreement to acquire a 40.5% interest in Fencemaker and promptly began assisting in finalizing the processes for getting the mine and mill prepared and ready for production. As of December, the Fencemaker mine remains under the “Notice of Intent” permit from our completed drill program and the team is completing the final steps of getting the “Plan of Operation” permit. Our Water Pollution Control Permit (WPCP) is considered to be administratively complete, as the site supervisor has completed the technical and a description of the mine for Nevada officials. Additionally, we have completed one well and expect to have another well completed, so we can monitor ground water for any contaminants as soon as the mining starts.
Furthermore, all needed data and analysis has been completed by McClelland Labs on the hard rock, ore, and tailings including the Alph analytical. This now allows the crew to engage in the final phase of engineering the Mill site to include a tailings impoundment location. Currently, the mining team is waiting for a “sign-off” from a certified Geo Technical Engineer, which will then allow the company to put further components of the mill in place.
Antimony is typically refined from stibnite ore and is used as a hardening alloy for lead, especially in storage batteries and cable sheaths. It is also used in bearing metal, solder, collapsible tubes, foil sheets and pipes, as well as semiconductor technology and in the manufacture of fireworks. Antimony is presently priced at approximately $12,500/MT, making it a high value strategic industrial metal, with a stable and growing demand.
CEO Nicholson stated, “As First Liberty undertakes this important next step in our company–s action plan, the mining of antimony on the Fencemaker property, it is a major stride forward for our investors and shareholders. This escalation represents FLPC–s first production operation and continues the Company–s momentum by working to enhance our ability to generate revenue in the near future. Management and the Fencemaker mining team are working diligently to get the process up and running as quickly as we can, including completing additional financing requirements. We will continue to deliver regular updates for our investors and stockholders not only on this property, but on our other mineral prospects as well.”
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.
Contact
First Liberty Power Corp.
Investor Relations Telephone: (800) 709-1196