Las Vegas, NV, Sept. 12, 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 a lease extension on the Fencemaker Mine Property.
According to FLPC Board Chairman, Robert Reynolds, the extension is a significant step in their Mined in America Mission. "Our strategic partners, Stockpile Reserves, LLC, recently signed a five year lease renewal with Silver Bell Mining Developing Inc., owners of the Fencemaker Mine Site claims," Reynolds said. "This is significant as it gives both Stockpile Reserves and First Liberty Power control of the Fencemaker site through September of 2018, proving once again the shared determination of First Liberty Power and our strategic partners in our Mined in America mission."
Fencemaker is an Antimony Mine located in Pershing County, Nevada. The mine was worked in the 1940's and again in the 1980's with consistent high grades of antimony. An interval sampling and RC drilling program was completed on Fencemaker in June and August of 2012 with a resultant 43-101 report that is available for review on the Company's website. An initial ore extraction by First Liberty and SRL is planned for the fall of 2013.
Stockpile Reserves Director of Operations James Vogan confirmed the importance of the new lease agreement. "Currently we are waiting for Nevada Department of Environmental Protection (NDEP) approval of our revised Fencemaker Water Management Plan (WMP); we are optimistic that it will be forthcoming soon," Vogan said. "When we receive that approval, we will immediately implement necessary components and processes per the plan and thereafter commence mining operations. The security of this extended lease agreement is another important piece of the mine's development that will allow for uninterrupted antimony production."
FLPC will continue to use Pathways of Progress announcements to inform and update all interested parties of advancements in our 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.
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: For more information contact: Robert Reynolds (800) 709-1196 email@example.com
Source:First Liberty Power Corporation