The acquisition of the Groves Ni Cu PGM deposit provides a major resource base for Liberty with tremendous potential. Deposits of this type typically have a few million tonnes of ore. The structure is very significant at 12 km long and 1-3 km wide. Timmins Nickel was just getting into a serious drill program on the property in 1992 when they declared bankruptcy. As reported, most of the work on the main claim was in the fifties. Our western boundary is a few km from the CNR railway tracks so the ore could very easily be shipped to Sudbury for processing. The Groves gabbro based ore does not require the extra chemistry we deal with at the Redstone mill for concentration of komatiite ores.
This is another effort by the company to quickly grow its resource base. We will have more drill results on the growing Hart project and another Shaw Dome property very soon.
Gary Nash, President, Liberty Mines Inc.
416-238-9736
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Liberty Mines Inc.
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DEVELOPMENT STAGE |
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CODE : LBE.TO |
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ISIN : CA6658031027 |
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Liberty Mines is a nickel development stage company based in Canada. Liberty Mines develops nickel and copper in Canada, and holds various exploration projects in Canada. Its main asset in development is REDSTONE in Canada and its main exploration properties are MCARA LAKE, HART and MCWATTERS/ SHAW DOME in Canada. Liberty Mines is listed in Canada and in Germany. Its market capitalisation is CA$ 150.7 millions as of today (US$ 144.9 millions, € 105.0 millions). Its stock quote reached its lowest recent point on November 14, 2008 at CA$ 0.03, and its highest recent level on September 17, 2010 at CA$ 9.50. Liberty Mines has 206 477 000 shares outstanding. |