Liberty′s Nickel Concentrator Operating at Full Permitted Capacity
Liberty Mines Inc. ('Liberty or the Company?) is pleased to announce
that the Redstone nickel concentrator ('Mill?) located near Timmins
Ontario is operating at its permitted capacity of 1500 tonnes per day.
The Mill has demonstrated the ability to run at its design capacity of
2000 tonnes per day and an amendment to the Certificate of Industrial
Sewage Works is being submitted to the Ministry of Environment to
increase the permitted capacity of the Mill to 2000 tonnes per day.
During the month of June 2010, the McWatters open pit produced 32,500
tonnes of ore grading 0.42% nickel and the McWatters underground
operations produced 16,278 tonnes grading 1.17% nickel from development
and stoping. Sublevel caving is scheduled for mid August 2010 after the
open pit is exploited to approximately the 1270 level. Long hole
blasting from the 140L is scheduled to commence shortly providing high
grade ore for processing.
Gary Nash, Liberty's President & CEO, commented: 'We now have ample ore
to run our concentrator at its full permitted capacity. This is a
milestone for the Company which enables us to run our mining and milling
operations efficiently. The extra capacity of the Mill provides us the
opportunity to further enhance those efficiencies.'
About Liberty Mines Inc.
Liberty Mines Inc. is a producer of nickel and is focused on the
exploration, development and production of nickel, copper, cobalt and
platinum group metals from its properties in Ontario, Canada. It owns
and operates the Redstone nickel concentrator near Timmins Ontario.
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This News
Release includes certain 'forward looking statements?. All statements
other than statements of historical fact included in this release,
without limitation, statements regarding future plans and objectives of
Liberty, are forward looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from Liberty′s
expectations are: exploration risks; commodity prices; regulatory
approvals; receipt of mining permits and leases; equipment failures and
shortage of supplies; and assumed startup and operating costs detailed
herein and from time to time in the filings made by Liberty with
securities regulators. Forward-looking statements speak only as of the
date on which they are made. The Company undertakes no obligation to
publicly update any such statement or reflect new information or the
occurrence of future events or circumstances, except where required by
securities regulations. Accordingly, readers should not place undue
reliance on forward-looking statements.
Liberty Mines Inc.
Dr. Gary Nash, PhD (Physics), 416-238-9736
President
& CEO
Fax 780-437-7898
gnash@libertymines.com