Latest news.............Liberty Mines drills 1.01% Ni over 7.4 m at Hart
Liberty Mines Inc (C:LBE)
Shares Issued 81,347,495
Last Close 4/29/2008 $0.79
Wednesday April 30 2008 - News Release
Dr. Gary Nash reports
LIBERTY PROVIDES UPDATE ON THE HART NICKEL PROJECT
Liberty Mines Inc.'s diamond drilling at the Hart nickel project is nearing completion, having defined the bulk of the zone down to the 500-metre level. Diamond drilling to date has defined an orebody with an average strike length of approximately 265 metres that can be subdivided into two zones based on sulphide content and ore zone width: the upper zone contained within the top 275 metres below surface, and the lower zone found below this elevation.
The upper zone was largely defined in 2007 and has been the subject of a 25-metre to 30-metre centre in-fill drill program in 2008. The latest drill results have returned very positive intersections including: 1.01 per cent nickel over 7.4 metres (H-08-81), 1.01 per cent nickel over 5.6 metres (H-08-78) and 0.48 per cent nickel over 13.8 metres (H-08-75). These results, in combination with previously released diamond drill hole intersections, have defined a continuously mineralized zone with an average strike length of 275 metres and an average true width of approximately four metres.
The lower zone, discovered by Liberty in 2007, comprises a large sulphide pool collected in a pronounced paleotopographical depression. This ore zone has been defined over a strike length of 260 metres, and has an average true width of approximately 14 metres. The central portion of the zone is characterized by intersections such as 2.15 per cent nickel over 14.55 metres (H-07-35), 1.19 per cent nickel over 25.55 metres (H-07-45), 1.15 per cent nickel over 27.4 metres (H-07-30), 2.51 per cent nickel over 10.4 metres (H-08-66) and 1.37 per cent nickel over 14.2 metres (H-07-48). This zone appears to be truncated to the west and at depth by a relatively large gabbroic dike. This dike appears to have displaced the mineralization as narrow zones of nickel rich sulphides can be located at the upper contact, as evidenced in H-08-68. The ore zone may continue on the far side of the dike, and will be investigated very shortly. The eastern margin has been defined, terminating in a barren iron formation.