First Liberty Power Corp. Funds CSAMT/MT Survey Program For Lida Valley Lithium Property In Nevada
LAS VEGAS, Jan. 31, 2011 /PRNewswire/ -- First Liberty Power Corp. (OTC Bulletin Board: FLPC) www.firstlibertypower.com today announced that it has paid $55,000 to initiate the second phase of the Company's exploration program of its Lida Valley Lithium prospect.
This second phase 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 Lida Valley Lithium prospect, which encompasses 84 placer claims (12,800 acres), is strategically located in Esmeralda County, Nevada (the "LVW claims").
Mr. Don Nicholson, President and CEO, comments, "A key part of my mandate at First Liberty is to quickly implement the next phases of our exploration program, and this is the first step in keeping that pledge. I anticipate we will be announcing the commencement date of this survey in the very near future."
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 CSAMT/MT survey will assist in determining if conductive zones, possibly indicative of lithium-bearing brines, are present and continuous within the basin. CSAMT/MT is an electronic (EM) geophysical method commonly used in the exploration industry. It determines the earth's two dimensional subsurface electrical resistivity distribution by measuring time dependent variations of the Earth's natural electric and magnetic fields, as well as the electric and magnetic fields resulting from high frequency-induced waves. The resistivity information is generally used to determine subsurface geologic and hydrogeologic conditions and structure. The CSAMT/MT method is designed to investigate from depths of approximately 20 - 750 metres.
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