Business
Liberty Provides Operations Update
Liberty Provides Operations Update
About this update from Electric Metals Usa Limited
[{"type":"text","content":"\nLiberty Provides Operations Update\n\n\n Oct. 29, 2009 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), (\"Liberty or the Company\") is pleased to announce that it shipped 831.97 tonnes of concentrate from the Redstone nickel concentrator (\"Mill\") to the Xstrata Nickel smelter in Sudbury, Ontario, during the period October 6 to October 26, 2009. The Mill operated with half staff for most of the month, and a third crew was in training during the week previous to October 26. A fourth crew is currently being trained to bring the mill up to full operating staff by mid November. A new atomic absorption spectrometer was recently installed in the laboratory at the Mill and a new weigh scale for heavy trucks is being installed at the concentrate load-out building. From September 25 to the end of October 26, 8448 tonnes of mineralization from the Redstone mine were delivered to the Mill for processing. To date, the nickel in concentrate grades of the shipments are averaging 15.4% -17.1%. Grades and payable pounds of nickel, copper and cobalt will be reported for the fourth quarter shipments of concentrate when all details have been finalized with Xstrata. Ramp and raise development at the nearby McWatters nickel mine are progressing well. Development to the mineralized zone on the 85m level has been completed. Approximately 50m of ramp development is required to reach the 140 meter level. Subsequently, the ramp to the 155m level and the ventilation raise connecting the 140m level to the 65m level are scheduled to be completed by the end of November, Overburden stripping of the open pit is anticipated to commence in January 2010 upon receipt of the amended Closure Plan and an amended Permit to Take Water, A soil geotechnical study is in progress to confirm the overburden design slope. As a result, the feasibility study scheduled for release this month will be delayed pending completion of the geotechnical study, which is expected to be complete in November.Permitting for the Hart nickel project continued to progress. The perimeter survey of the mining claims which constitutes the application for the Hart mining lease was completed and submitted to the mining recorders office for review. Once the lease is registered and a Closure Plan is approved for the project, construction of the mine can begin. The target date for constr...