Reno NV, Aug. 25, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTCPK), a diversified exploration, development and mining company focused on strategic minerals for America's future, today announced its entry into two Mining Lease Agreements for prospective gold properties located in Winnemucca, Nevada.
First Liberty Power CEO, Don Nicholson, highlighted key points of the agreements. "On August 20th, the Company completed two 20-year mineral lease agreements with Krugerrand, LLC, covering two five-acre private land properties in Winnemucca, Nevada. These agreements provide First Liberty with the exclusive right and privilege to explore for, develop, and mine any ores, minerals, and material on, or under, the properties." Full details on the agreements are available on the Form 8-K filed with the SEC and are available at: http://www.firstlibertypower.com/investors/filings/
CEO Nicholson added, "The addition of these prospective gold producers to our portfolio of properties is intended to complement our strategic vision of becoming a major supplier of US mined and refined strategic metals, by bringing these near term prospects into production in a simple and efficient manner. All positive cash flow that is achieved will serve to assist First Liberty in meeting its operating and overhead obligations, and correspondingly reduce and help eliminate reliance on other costly external sources of finance. Additionally, as First Liberty delivers upon the implementation of its plans for a local mill, further property developments can be realistically undertaken and implemented to achieve our long term vision."
COO Jimmy Trikeriotis provided further details. "These two adjacent properties, which are approximately 70 miles from Lovelock, are both placer gold prospective properties that have had limited artisanal type gold recovery activities undertaken on them historically. We have already received preliminary regulatory approval for exploration activities on the properties, which includes mapping, surveying, physical exploration and sampling work. Furthermore, the permit application for placer gold mining has also been submitted. The company already has in place the critical exploration equipment, transportation, initial crew, key working partners, as well as a local base in Winnemucca established. Subject only to final confirmation from regulators, we plan on commencing on-site exploration related activities on September 2nd, while awaiting for placer mining operations approval which would allow for the dry processing of up to 500 metric tonnes of raw ore on site per day. The expectations are that as early as Sept 15th, photos, maps, and other specific information emerging from our exploration work for these specific properties will be available for the investment community."
Mr. Nicholson further commented, "The First Liberty management team is pursuing every opportunity to bring additional funding options, including these anticipated gold operations, to assist us in achieving our operational goals and financial stability. Moreover, the company will continue to locate properties that are complementary to our current investment properties, with an emphasis on properties with near term production potential as the company continues implementation of the mill project."
First Liberty Power will continue to use Pathways of Progress announcements to update advancements in Company operations.
ABOUT FIRST LIBERTY POWER CORPORATION: First Liberty Power Corporation is a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. First Liberty Power's corporate philosophy is founded on a methodology of open and transparent procedures designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advances. First Liberty Power is focused on exploring and developing antimony and other strategic metal projects and properties.
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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 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.