Liberty Mines Inc. Expands Nickel Mineralization on Hart East Project

Liberty Mines Inc. Expands Nickel Mineralization on Hart East Project

September 20, 2011 /FSC/ - Liberty Mines Inc. (LBE - TSX), is pleased to announce eight additional drill hole results totalling 4,128 meters from the newly identified Hart East Nickel Project.  Drilling has focussed on expanding upon an earlier drill hole H-11-11 which intersected 0.82% Ni over a drilled width of 36.0 meters from 335.0 to 371.0 meters including 2.05% Ni over a drilled width of 9.5 meters. The drill hole intercept occurred approximately 300 meters east of the Hart Deposit at a vertical depth of approximately 350 meters below surface. Subsequent drilling has focussed on up dip, down dip and on strike potential with 25 meter step outs to expand upon the discovery hole intercept. The satellite pod of nickel mineralization, referred to as the "Hart East" is typical of Kambalda styles of nickel mineralization wherein these deposits typically occur in clusters in relatively close proximity to one another. Drill hole H-11-11 intersected mineralization described as disseminated, blebby, fracture filled and settling into net textured to semi massive sulphides.

Drilling has thus far expanded mineralization for a strike length of 75 meters with up dip and down dip continuity of approximately 150 meters. Some of the more significant drill hole intercepts include drill hole H-11-13, drilled approximately 75 meters up dip of drill hole H-11-11 which intersected 0.83% Ni over a drilled width of 6.5 meters from 279.2 to 285.7 meters.  Drill hole H-11-17, collared 25 meters west of drill hole H-11-11 intersected 0.58% Ni over a drilled width of 7.0 meters from 392.0 to 399.0 meters including 1.0% Ni over a drilled width of 2.5 meters from 395.0 to 397.5 meters. Drill hole H-11-15, collared 25 meters east of H-11-11, intersected 1.49% Ni over a drilled width of 1.50 meters from 353.7 to 355.2 meters. A further step out drill hole, H-11-16, collared 50 meters east of the discovery drill hole intersected 0.33% Ni over a drilled width of 5.0 meters from 287.0 to 292.0 meters. Results are tabulated below.

"The results to date on the Hart East are most encouraging and indicate that a substantial pod of nickel mineralization occurs within a relatively short distance from the main Hart Deposit," commented Chris Stewart, President CEO of Liberty Mines.  "This nickel mineralization would be easily accessible from the underground workings of the main Hart Deposit where we currently have an indicated resource of 1.55 million tonnes grading 1.40% Nickel.  As little drilling has ever been done east of the main Hart Deposit, the potential for additional pods or deposits of nickel mineralization inhabiting the characteristic komatiitic flow channel associated with these iron formations is exceedingly good."

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Hole ID    From(m)  To(m)  Interval*(m)  Ni%
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H-11-11    335.0    371.0   36.0         0.82
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H-11-12                                  NSV
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H-11-13    57.16    57.46   0.3          3.15
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           279.2    285.7   6.5          0.83
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Including  283.8    285.7   1.9          1.15
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H-11-14    427.0    436.2   9.2          0.25
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H-11-15    353.7    355.2   1.5          1.49
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H-11-16    287.0    292.0   5.0          0.33
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H-11-17    392.0    399.0   7.0          0.58
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Including  395.0    397.5   2.5          1.00
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H-11-18    408.2    408.0   0.6          1.43
---------------------------------------------
H-11-19    423.0    431.4   8.4          0.46
---------------------------------------------
-****-

*True widths are generally 70-95% of reported widths, where possible to ascertain.  *The core lengths presented in the table are the intersected core lengths.  The composite lengths are core weighted.



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Hole ID     Collar Coordinates        Azimuth     Dip
                                     (degrees) (degrees)
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         Easting Northing Elevation  
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H-11-11   2900     3846     2296          360      -77
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H-11-12   2500     3550     2300          360      -73
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H-11-13   2900     3888     2296          360      -74
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H-11-14   2900    3811.5    2296          360      -77
--------------------------------------------------------
H-11-15   2925     3850     2290          360      -75
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H-11-16   2950     3850     2290          360      -75
--------------------------------------------------------
H-11-17   2875     3850     2290          360      -75
--------------------------------------------------------
H-11-18   2925     3810     2296          360      -77
--------------------------------------------------------
H-11-19   2900     3826     2296          360      -76
--------------------------------------------------------

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Liberty owns and operates the Redstone Mill which currently has a permitted capacity of 1,500 tpd.  This is the only operating mill located within the Shaw Dome region and the Hart East discovery is approximately 6.0 km away.  

Drilling has also commenced on the Groves nickel/copper project located approximately 11 km southeast of the town of Gogama.  Liberty is following up on earlier drilling which occurred on a near surface magmatic nickel copper inferred resource of approximately 500,000 tonnes grading 1.50% combined copper/nickel (non 43-101 compliant, Canadian Mines Handbook, 1957).  A 10.5 km all weather access road has been built to the drill site and a recent ground geophysics program consisting of IP and mag has been completed.  Company geologists have planned a series of drill holes designed to follow up on historical drilling and to target IP and mag responses as well.  Drilling has been contracted out to Mallette Drilling Inc.

In addition, Liberty will be focusing on drilling the Redstone deposit at depth targeting 340 meters below the 1600 meter level where the drilling will take place.  The drill program will largely focus on historic drill holes targeting the down plunge of the nickel mineralization.  There is a strong potential to increase the Inferred Resources to an Indicated category in the lower zone. The most recent SRK resource estimate indicates an Inferred Resource of 737,000 tonnes of 1.57% Ni (Reported at 0.51% nickel cut-off. Cut-off grades are based on a nickel price of US$7.00/lb and on a mill recovery of eighty-seven percent). Fourteen holes totalling 4,350 meters have been planned and will be initiated in the next month. This drilling will also help identify potential targets that may be drilled from surface.

The projects are being supervised by Liberty's Vice President of Exploration, Peter Caldbick BSc, PGeo a qualified person as defined by National Instrument 43-101. The technical contents of the press release have been reviewed and approved by Peter Caldbick and Richard Allard, PGeo. A rigorous quality assurance program is employed which includes the insertion of standards and blanks for each batch of samples. Samples of the NQ size drill core are sawed in half, with one-half sent to a commercial laboratory, Agat Laboratories Mississauga, Ontario, and the other half retained for future reference. Core samples are routinely analyzed for nickel and copper using sodium peroxide fusion and ICP finish. Any analyses greater than 5,000 ppm are re-analyzed using total acid digestion.


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; 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.

For further information please contact:
Chris Stewart, President CEO
Phone (416) 226-4360 Fax (416) 226-0857    
cstewart@libertymines.com  



Press Release 14-11  

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