Business
Liberty Provides Operational and Corporate Update
Liberty Provides Operational and Corporate Update
About this update from Sherritt International Corporation
[{"type":"text","content":"\nLiberty Provides Operational and Corporate Update\n\n\n Jul. 21, 2009 (Filing Services Canada) -- Liberty Mines Inc. (LBE - TSX), (\"Liberty or the Company\") is pleased to announce that it will re-commence development of the McWatters nickel mine 31km S.E. of Timmins Ontario as of August 4, 2009. A notice of Project Status to commence development and production was recently filed with the Ministry of Northern Development Mines and Forestry as the mine has been on care and maintenance since October 31, 2008. Site preparation and mobilization of equipment for the mine is well underway. Liberty has assembled its own mining crews and owns the mining equipment necessary for ramp development and subsequent mining.Development of the ramp from approximately 100m to 140m below surface, the ventilation raise to the 140m level and access to the ventilation raise remain to be completed. Mining is scheduled to commence in November 2009 from the 140m level which will access the high grade zone at the 150m level. Financing for the mine development is currently in progress and will be announced shortly.SRK Consulting is scheduled to release a feasibility study for the McWatters mine in September; a pre-feasibility study for the Redstone mine in October; and a preliminary assessment for the Hart mine in November.Exploration programs for the Groves nickel-copper-platinum-group metal project and the investigation of 6 untested geophysical targets close to the Redstone, Hart and McWatters mines are in the planning stage. Mr. William (Bill) Rogers P.Eng joined the Company June 11, 2009 as Project Manager. Bill has over 35 years of mining experience as a mine engineer and manager. His previous positions include Manager of Mines for Falconbridge/Noranda (now Xstrata) in Sudbury; Manager of Mine Operations for Noranda at the Brunswick mine; Chief Mine Engineer to Manager of Small Mines/Capital Projects while at Hudson Bay Mining and Smelting in Manitoba. Bill will oversee the operations at the McWatters, Redstone and Hart projects. He will emphasize building and maintaining a high-performance-safety-conscious team dedicated to meeting production targets while minimizing costs. Liberty is also pleased to announce Mr. William (Bill) Woods CMA, as Chief Financial Officer of the Company effective July 20, 2009. Bill has over twenty five years of experie...