First Liberty Power Corp. Lithium Exploration Update
LAS VEGAS, Jan. 4, 2011 /PRNewswire/ -- First Liberty Power Corp. (OTC Bulletin Board: FLPC) www.firstlibertypower.com is pleased to announce the status of the second phase of its exploration program on its Lida Valley Lithium prospect, which encompasses 84 placer claims (12,800 acres) strategically located in Esmeralda County, Nevada (the "LVW claims").
The first phase of the exploration program was a two part gravity survey successfully completed this past summer. The data generated by the gravity surveys indicate several areas of increased bedrock depths or lower bedrock elevations. These areas may be conducive for concentration of lithium bearing brines.
The second phase of the exploration program will consist of a controlled source audio magnetotellurics/magentotellurics (CSAMT/MT) survey. This survey determines if conductive zones, possibly indicative of lithium-bearing brines, are present and continuous within the basin.
The second phase is tentatively expected to begin in late February 2011.Mr. Don Nicholson, President and CEO, comments, "As part of my mandate to quickly implement the next phases of our exploration program, the first step is this definitive scheduling of the CSAMT/MT survey. Completion of this survey will be instrumental in defining the scope of the potential LVW claims resource, and planning the next phases of the program. As a company, we are committed to keeping our shareholders and supporters up to date as to our plans and progress." First Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium and vanadium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for both lithium carbonate and vanadium that is projected to result from the adoption and use of clean renewable energy that will fuel demand for products that utilize lithium-ion batteries and vanadium redox 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 exploration/work program for the LVW claims, the scheduling or completion of, or any results of any controlled source audio magnetotellurics/magentotellurics (CSAMT/MT) surveys undertaken, Lithium production from the Clayton Valley or surrounding region, and any mineralization, exploration and development of our mineral properties, specifically in regards to Lithium and Vanadium.
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