Liberty Mines Inc.
TSX : LBE

Liberty Mines Inc.

March 13, 2008 08:00 ET

Liberty Expands the Hart Nickel Deposit Another 50m

EDMONTON, ALBERTA--(Marketwire - March 13, 2008) - Liberty Mines Inc. (TSX:LBE) ("Liberty or the Corporation") is pleased to announce that diamond drilling at the Hart Nickel Project continues to expand the strike of the deposit. Diamond drill hole H-08-72 intersected 9.2 metres averaging 1.19% Nickel ("Ni") approximately 50m west (and up-dip) of hole H-07-63. The sulphide pool has now been defined over a total strike length of 260m, and remains open in all directions.

H-07-63 returned a higher grade zone of 2.05% Ni over 9.8m and forms part of the large sulphide pool discovered by Liberty in 2007. Other boreholes in the vicinity intersected 2.15% Ni over 14.55m (H-07-35), 1.19% Ni over 25.55m (H-07-45), 1.15% Ni over 27.4m (H-07-30), 2.51% Ni over 10.4m (H-08-66), and 1.37% Ni over 14.2m (H-07-48). Collectively, these boreholes have outlined the main sulphide pool discovered last year which remains open to the east, west and at depth.

The core lengths presented in the table are the intersected core lengths, and the composite lengths are core weighted.



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Hole Number From (m) To (m) Interval(i) (m) Ni%
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H-08-72 363.50 372.70 9.20 1.19
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H-08-71 430.20 431.20 1.00 1.81
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(i) True widths are generally 70-95% of reported widths, where possible to
ascertain.
In cases where data is sparse true widths are yet unknown.


Borehole Coordinates

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Hole Number Collar Coordinates Azimuth Dip
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Easting Northing Elevation
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H-08-72 2450 3850 2300.6 360 -66
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H-08-71 2500 3800 2300 360 -68
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Borehole H-97-71 intersected almost 100 metres below H-07-72, at an elevation of approximately 400m below surface, and was drilled on the same easting. In this hole the massive sulphide is contained within a felsic unit, which has probably played a role in the diminished size of the zone when compared to other holes in the area. The significance of this will be deciphered as diamond drilling on the project progresses.

"The Hart project continues to return positive results," said William Randall, Liberty's Vice President of Exploration. "We have now determined a strike length of 260 metres for the deeper zone, and, as stated previously, the large sulphide pool is wide open to the east, west and at depth. We will continue to explore this deposit in 50m step outs until we have defined the total strike length." he added.

McWatters Mine Update

All surface infrastructures at the McWatters Mine site have been completed which include a machine shop, compressor room, dry, shifters room, security gate and office. The treatment and recycling ponds have been completed. The ramp is currently at 52m of underground advance which is behind schedule due to the severe winter weather encountered in late February and early March. Pre-production from sill development in the upper level is still scheduled for late May 2008.

The project was supervised by Liberty's Vice President of Exploration, William Randall P.Geo. MSc (Geology), Tyron Breytenbach BSc (Geology) and by Richard Allard P. Geo., a qualified person as defined by National Instrument 43-101, has reviewed the contents of this release. According to the company sampling protocol, half of the diamond drill core is sampled and sent to ALS CHEMEX in Timmins to be prepared for analysis. The prepared samples are then forwarded to the ALS CHEMEX Laboratory in Vancouver for analysis. Base metal values are analyzed by aqua regia digestion and ICP-AES finish. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

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.

CAUTIONARY STATEMENT

This News Release includes certain "forward looking statements". All statements other than statements of historical fact included in this release, without limitation, statements regarding potential mineralization and reserves, exploration results, and 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, assumed startup and operating costs detailed herein and from time to time in the filings made by Liberty with securities regulators.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Liberty Mines Inc.
    Dr. Gary Nash, PhD (Physics)
    President & CEO
    (416) 238-9736
    (780) 437-7898 (FAX)
    Email: gnash@libertymines.com