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.
www.firstlibertypower.com
www.facebook.com/FirstLibertyPower
https://twitter.com/FirstLibertyOTC
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.
CONTACT: Robert Reynolds (800)709-1196
ir@firstlibertypower.com
Thomas Dean (646)396-9615
Murdock Capital Partners
tdean@murdockcapital.com
