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AGORACOM SYSTEM UPDATE COMPLETE
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From The Agoracom Team
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.
The Redstone nickel mine near Timmins is in commercial production with the McWatters nickel mine anticipated to be in pre-production during the 2nd quarter of 2008. The Hart nickel project is currently being drilled to 43-101 standards and is a very prospective project to become Liberty's third nickel mine to follow McWatters into production.All of the company's nickel ore will be processed at the Redstone Mill which is located at the Redstone mine site. The mill is fully permitted and uniqely designed to process 1500 tonnes of altered komatiite ore per day.
The Groves nickel-copper-PGM (Platinum Group Metals) project near Gogama has a known historical resource. A group of 6400 ha of contiguous mining claims has been assembled around the historical deposit. An airborne VTEM survey followed by a extensive drill program is in progress.
The McAra Lake property near Shining Tree, about 150 km south of Timmins, hosts a system averaging approximately 2% cobalt. The property has been minorly explored and will the subject of an intense drill program to prove up tonnage of this unusually rich cobalt resource (Cobalt normally occurs in deposits as a .02% by-product of nickel ores or as a deposit with copper or nickel ores with a .5% cobalt grade, 4 times less rich than Liberty's deposit).
