President and CEO of First Liberty Power, Don Nicholson, comments "It is exciting to be involved in a sector that is receiving such a rapid growth in investor interest. I believe this level of activity will only help to draw attention to the sector, and to lithium exploration companies like First Liberty Power." Mr. Nicholson added "Our Company’s Lida Valley project ("LVW Claims") is superior in many ways to other projects, as it is located in the most strategically attractive and economically viable lithium producing area in the world, in my opinion."
The majority of the world’s lithium production comes from brines, or salt lakes, where prospective lithium mineralization is generally hosted in brine horizons. The LVW Claims are well positioned for lithium brine production, in that there is plenty of room for evaporation ponds, and we are located directly adjacent to Highway 95 with power-lines, roughly half way between Las Vegas and Reno Nevada.
Geophysical work already finished on the property includes two gravity surveys and a CSAMT/MT (EM) Survey. Results from all of the geophysical surveys are available on the Company’s website www.firstlibertypower.com. The LVW Claim shares a similar geology and weathering history to nearby Clayton Valley, and are located within 15 miles of the Montezuma Peak, which is believed to be the source of the region’s lithium. The north end of Clayton Valley hosts Chemetall Foote Corporation’s Silver Peak Mine, the only lithium brine producer in the United States. Mine production comes from lithium enriched brine located below the surface. This plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithium hydroxide per annum.
First Liberty Power Corp. is a Nevada based mineral exploration company with a primary focus on lithium exploration and development in the United States. The Company is positioned to capitalize on the anticipated increase in demand for lithium carbonate that is projected to result from the acceleration of the adoption and use of clean renewable energy products that utilize lithium-ion batteries.