This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

First Liberty Power Announces Acquisition Of Additional Nevada Lithium Mineral Claims

LAS VEGAS, June 13, 2012 /PRNewswire/ -- First Liberty Power Corp. (OTCBB:FLPC) (the "Company"), a Nevada based mineral exploration company with a primary focus on lithium exploration and development, is pleased to announce that it has entered into a purchase agreement with GeoXplor Corp. for 70 placer claims totaling 11,200 acres, located in Smokey Valley, Esmeralda County, Nevada ("SV Property"). 

Don Nicholson, President of First Liberty, comments "We are extremely pleased to be able to add this unique SV Property to our existing Lida Valley property, as it greatly expands our exploration options and future operational potential.   It is our intention to rapidly complete the first two major stages of exploratory work on the SV Property, bringing it to a comparable stage as Lida Valley, and then make a determination as to the first choice for undertaking an initial exploratory drilling program this summer or fall.   We are very grateful for the hard work and support of GeoXplor in working with us to accelerate the growth and development of First Liberty."

The SV Property is located approximately 5 miles north west of Chemetall Foote Lithium operation in Silver Peak, the only producing lithium brine operation in North America. In the 1970's the US Geological Survey ("USGS") conducted a gravity survey covering Clayton Valley and the valley connecting Clayton Valley to Big Smokey, where these additional First Liberty Property claims are located. The USGS survey map demonstrated a noticeable relationship between the brine field in Clayton Valley and the deepest parts of the valley. The map proposed to the surveyors that there is a height of bedrock between the Smokey Valley Property claims and Clayton Valley which could act as a barrier for water moving from Big Smokey Valley to Clayton Valley.

With the further identification of this deep trough system, the potential for a catch basin for lithium brine will be better defined. In this regards, the Company will be making an announcement pertaining to the first stage of its geophysical exploration of First Liberty Power's Smokey Valley Property, a gravity survey designed to add information on the delineation of bedrock surface depth along with topography and identification of paleostructures potentially underlying the property. The mineral Lithium is liberated through mechanical and chemical weathering processes and transported until it is trapped in a closed basin or by impermeable rock along a fault scarp.  The rhylote rocks that feed this system are the most enriched lithium bearing rhyolites in the world, according to the USGS.  Nearby Montezuma Peak is believed to be the volcanic center that created the unique conditions in region and the resultant lithium brines. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs