LAS VEGAS, May 4, 2011 /PRNewswire/ -- First Liberty Power Corp. (OTCBB:FLPC) (the "Company") www.firstlibertypower.com announces that GeoXplor Corp. has been engaged to prepare a draft budget and timeline for a 3 to 5 hole initial drill program on the Company's Lida Valley lithium prospect (the "LVW claims").
Don Nicholson, CEO, stated "A substantial body of high quality geophysical work has already been completed, and the drill program will be specifically targeted based on the positive results from 2 gravity surveys in 2010 and the recently finished CSAMT/MT (EM) Survey. Drilling targets in both the southern end of the Property and in the northern area of the playa have been located."
Additional information and the complete reports from Hasbrouck Geophysics for all exploration stages on the LVW claims are available at www.firstlibertypower.com/properties/nevada.
Nicholson added, "I believe that with the combination of our existing data and being able to work on this next exploration phase with an experienced and proven local operator like GeoXplor Corp., we have a solid foundation for continued success."
First Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for lithium carbonate that is projected to result from the acceleration of the adoption and use of clean renewable energy products that utilize lithium-ion batteries.
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, including but not limited to, the final outcome Lida Valley exploration / work programs, the specific nature and extent of the next phase of our exploration program, our ability to raise the necessary capital to complete our exploration program, and any mineralization, exploration and development of our mineral properties, specifically in regards to Lithium.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, 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 such beliefs, plans, expectations or intentions 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 Securities and Exchange Commission.
SOURCE First Liberty Power Corp.