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Liberty Provides 2011 Exploration Program Update

Feb. 25, 2011 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), is pleased to announc...

articleGrid Metals Corp.February 25, 20113/company/grid-metals-corp/news/liberty-provides-2011-exploration-program-update
Liberty Provides 2011 Exploration Program Update

About this update from Grid Metals Corp.

[{"type":"text","content":"\nLiberty Provides 2011 Exploration Program Update\n\n Feb. 25, 2011 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), is pleased to announce an 8,000 meter drill program to commence early March 2011 designed to augment current ore resources at the Hart deposit which is located approximately 27 kilometers southeast of the city of Timmins, Ontario and to target new nickel opportunities. The Shaw Dome has long been recognized as possessing geological similarities to the Kambalda mining camp of Western Australia and is believed to have the potential for additional nickel deposits, as these types of deposits are known to occur in clusters. \"With an inventory of producing nickel deposits, the Hart deposit scheduled for production and an excellent land position, Liberty is well positioned to extend past successes with new opportunities for additional discoveries in the Shaw Dome nickel belt\", commented VP of Exploration Peter Caldbick. The drill program, designated as phase 1, will largely target the Hart deposit, as it is believed to host additional tonnages down plunge of the known mineralization as defined in the current resource and scoping study by SRK Consultants. The drill program is further designed to follow up on earlier drill intersections, notably an  intercept approximately 300 meters east of the Hart deposit which intersected 1.62% Ni over 1.9 meters drilled width. The drill program will also follow up on a nickel discovery by Mustang Minerals in 2005, approximately 1.5 km northwest of the Redstone Mine on the Croxall claim group where drilling intersected 0.62% Ni over 3.34 meters drilled width. Liberty has retained additional expertise for interpreting the VTEM survey flown by Geotech Ltd. over Liberty's land position in the Shaw Dome in order to target potential channel flow pathways which host such deposits as the Redstone and Hart as well as ultramafic intrusive sills, host to the McWatters Deposit. This conceptual approach is being utilized in the drill target selection process as a strategy to enhance the likelihood of discoveries of more elusive Kambalda nickel deposits in the Shaw Dome area.In addition, Liberty will focus on the Groves project approximately 75 km south of Timmins, Ontario in Groves Township which is recognized as a magmatic Ni-Cu sulphide deposit hosted within a gabbroic in...

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