RE: halt ..........News just out
Liberty Mines identifies chrysotile at McWatters
2013-01-23 15:45 ET - News Release
Mr. Chris Stewart reports
LIBERTY PROVIDES UPDATE
Liberty Mines Inc. has identified the presence of chrysotile in its orebody at its McWatters mine.
As announced previously, the McWatters mine, which was intermittently operated from 2009 to 2012, is currently in care and maintenance mode following the company's decision to suspend operations due to low spot prices for nickel. As chrysotile, a form of asbestos, is a designated substance under Ontario Health and Safety Regulation, the company is investigating these matters further and is taking all required measures.
The company expects to conduct additional testing and further independent analysis to determine the impact on the economic feasibility of restarting mine operations at the McWatters mine having regard to this information.
The company is also reviewing conditions at its former operating Redstone mine, its Hart project and its mill.
Liberty expects to provide additional updates as material information becomes available.
We seek Safe Harbor.