Reno, NV, June 6, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTCQB), a diversified exploration, development and mining company focused on strategic minerals for America's future, is today providing an update by Chief Operating Officer, Jimmy Trikeriotis. This update is part of an ongoing investor relations outreach, made public at the end of May.
Mr. Trikeriotis, seeking to highlight the essential elements of our plan forward, provides the following strategic details. "We are now actively redesigning the Fencemaker mine project, seeking to make improvements to the permits that will allow for improved operations when we resume mining. We will also seek to increase our annual mining capacity above our current 36,000 Metric Tons per year.
Simultaneously, we have achieved final design, and have commenced execution on, the staged implementation plan for the first centralized ore upgrading facility in the Lovelock, Nevada area. This will allow for us to produce an initial antimony concentrate, followed in succession by increased ore handling capacity, the ability to take the ores to a higher concentrate, and to be able to concentrate other recoverable metals that may be economically recoverable from our, or other, properties (silver, lead, zinc, and gold). This phased plan is posted on the company website:
Upon the mill becoming operational, it will form a central hub for First Liberty mines, and potentially other mines, in the surrounding area. Our absolute focus is on getting a product processed and deliverable for commercial sale as soon as possible. At present, subject to further regulatory approvals, we are planning to have the mill and mine operational by late 2014.
In order to keep all of our stakeholders apprised of our progress, we will continually update as milestones in permitting, approvals, equipment purchases and other tangible outcomes are achieved towards the 2014 production goal. As committed, we will update on positive achievements, as well as operational and financial challenges faced, as they may occur.
First Liberty Power will continue to use Pathways of Progress announcements to inform and update all interested parties of advancements in Company mining and financial operations.
ABOUT FIRST LIBERTY POWER CORPORATION (OTCQB: FLPC): First Liberty Power Corporation is a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. First Liberty Power's corporate philosophy is founded on a methodology of open and transparent procedures designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advancements through open and transparent communication. First Liberty is focused on exploring and developing antimony and other strategic metal projects and properties.
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.
Source:First Liberty Power Corporation