Liberty Increases Production by 69% and Appoints VP Exploration
Liberty Mines Inc. ('Liberty or the Company?) is pleased to announce
that the Redstone nickel concentrator ('Mill') processed 95,587 tonnes
during the third quarter of 2010 ('Q3'); an increase of 69% over the
56,520 tonnes processed during the second quarter of 2010. Full
production details will be released later this month after all costs
related to Q3 have been processed.
Liberty would also like to announce that Mr. Peter Caldbick P.Geo joins
the Company today as Vice President Exploration. Mr. Caldbick has been
active in exploration and mining for the past 27 years throughout
Northern Ontario and Quebec, Newfoundland and the Northwest Territories
in the positions of exploration geologist, mine geologist, and
consultant. He was directly responsible for building and managing the
exploration teams that led to the discovery of Golden Chalice Resources'
Langmuir nickel discovery adjacent to one of Liberty's mining claims in
the Shaw Dome nickel belt. His exploration experience and insight into
the formation of nickel deposits will be invaluable to the continued
development of Liberty's resources.
Dr. Gary Nash, Liberty's President & CEO, commented: 'We consider the
Shaw Dome nickel belt under explored with significant potential for
additional nickel discoveries. It may be the only region in the Abitibi
greenstone belt that has nickel deposits associated with komatiitic
extrusions and intrusions. With our fine team of geologists, we have the
ability to discover new nickel deposits and increase our mine reserves
from new and existing ore bodies. This is most important now that we
have quickly increased our mine and mill production; with a further
significant increase expected over the next quarter.'
About Liberty Mines Inc.
Liberty Mines Inc. is a producer of nickel and is focused on the
exploration, development and production of nickel, copper, cobalt and
platinum group metals from its properties in Ontario, Canada. It owns
and operates the Redstone nickel concentrator near Timmins Ontario.
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This News
Release includes certain 'forward looking statements?. All statements
other than statements of historical fact included in this release,
without limitation, statements regarding future plans and objectives of
Liberty, are forward looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from Liberty′s
expectations are: exploration risks; commodity prices; regulatory
approvals; receipt of mining permits and leases; equipment failures and
shortage of supplies; and assumed startup and operating costs detailed
herein and from time to time in the filings made by Liberty with
securities regulators. Forward-looking statements speak only as of the
date on which they are made. The Company undertakes no obligation to
publicly update any such statement or reflect new information or the
occurrence of future events or circumstances, except where required by
securities regulations. Accordingly, readers should not place undue
reliance on forward-looking statements.
Liberty Mines Inc.
Dr. Gary Nash, PhD (Physics), President & CEO
Phone:
416-238-9736
Fax: 780-437-7898
e-mail: gnash@libertymines.com