LAS VEGAS, April 11, 2013 /PRNewswire/ -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals, is pleased to announce, site preparation for the Fencemaker mine will be commencing with water removal.
On Tuesday of this week, James Vogan, Director of Stockpile Reserves LLC, First Liberty Power's partner at Fencemaker, and State of Nevada officials, agreed upon a water removal and disposal/containment plan. As a result of this agreement on the water removal strategy, the team will be commencing the work this week. Mr. Vogan explained, "The ground support team will pump the water into containment facilities on the property, and during the impending mining operations will recycle the water to assist with the mining process, which will help reduce the cost of the operation."
In addition, the Water Pollution Control Permit (WPCP), which is current with the State of Nevada, requires quarterly analysis of the monitoring well, which we now intend to undertake ourselves with a micro purge system. This is another cost saving initiative as the team continues to implement "six sigma" practices on the mine site as much as we can at this stage. Mr. Vogan is also close to completing the interview process with qualified companies as for the reinforcement of the existing adit.
Bob Reynolds, FLPC Vice President Operations, stated, "The Fencemaker project continues to move forward, and now with the water removal procedure being implemented, the team will now shift their attention to the reinforcement of the existing adit."First Liberty Power will continue to use its Pathways of Progress program to inform and update on all operational advances on the mining operation. ABOUT FIRST LIBERTY POWER CORPORATION: First Liberty Power Corporation (OTCQB: FLPC) is an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals. Our corporate philosophy is driven by a dedication to Pathways of Progress, our program of best corporate practices designed to drive us rapidly towards mine production & milling, to the greatest benefit of FLPC shareholders, investors and mining partners, while ensuring safety, environmental integrity, and good governance. Presently, FLPC has interests in four properties: the Fencemaker Antimony project in Nevada, the Lida Valley and Smoky Valley Lithium Brine projects in Nevada, and the San Juan Vanadium / Uranium project in Utah. www.firstlibertypower.com Notice Regarding Forward-Looking StatementsThis 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 plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including 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 they 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 SEC.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV