LAS VEGAS, April 24, 2013 /PRNewswire/ -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals, is pleased to announce a Pathways of Progress update on the Fencemaker mine preparation works.
This week, James Vogan, Director of Stockpile Reserves LLC (SRL), First Liberty Power's partner at Fencemaker, recommended to First Liberty that it use the Small Development Mine Corp (SDM) as the source for securing the existing mine adit and drift, and undertaking underground mining operations. SDM and SRL have finalized the timetable and costs, identified all necessary work requirements, and will coordinate with Nevada state regulatory bodies on all safety and other requirements to ensure full compliance. This represents another crucial step in the process as the company and its partner's ramp up to production.
Mr. Vogan added, "On Tuesday, the Stockpile Reserves personnel began the required Fencemaker mine site reclamation work, with site security protocols and practices to be implemented thereafter. Additionally, the team will finalize the implementation plan for the well water monitoring equipment and water management processes."
CEO Don Nicholson stated, "Further to the announcement last week in respect to the $500,000 funding, final legal review is underway, with closing and first funding to follow. Upon closing, we will provide additional details on the specific scheduling of remaining pre-operational work, and projected date for first ore extraction."
First Liberty Power will continue to use its Pathways of Progress program to inform and update on all operational advances on the mining and financial operations.
ABOUT FIRST LIBERTY POWER CORPORATION: First Liberty Power Corporation (OTCQB: FLPC) is an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals. Our corporate philosophy is driven by a dedication to Pathways of Progress, our program of best corporate practices designed to drive us rapidly towards mine production & milling, to the greatest benefit of FLPC shareholders, investors and mining partners, while 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. www.firstlibertypower.com
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: Robert Reynolds (800) 709-1196
SOURCE First Liberty Power Corp.