Liberty Mines Inc.
TSX : LBE

Liberty Mines Inc.

February 26, 2008 08:00 ET

Liberty Intersects 2.51% Ni Over 10.4m at the Hart Project

EDMONTON, ALBERTA--(Marketwire - Feb. 26, 2008) - Liberty Mines Inc. ("Liberty or the Corporation") (TSX:LBE) is pleased to announce that diamond drilling at the Hart Nickel Project continues to return high grade Nickel ("Ni") intersections in the sulphide pool described in earlier releases. Diamond drill hole H-08-66 intersected 2.51% Ni over 10.4 metres of core, close to the central portion of the lower zone. This intersection confirms the grade and width of the orebody within the previously stated strike length of 210m, having intersected 50 east and up dip of hole H-07-63 which returned a high grade zone of 2.05% Ni over 9.8m.

Other boreholes in the vicinity intersected 2.15% Ni over 14.55 (H-07-35), 1.19% Ni over 25.55m (H-07-45), 1.15% Ni over 27.4m (H-07-30), 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(1) (m) Ni%
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H-08-66 404.30 414.70 10.40 2.51
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H-07-64 305.00 315.50 10.50 0.65
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Including 1.50 2.10
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(1) 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-07-64 2450 3850 2300.6 360 -66
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H-08-66 2500 3800 2300 360 -68
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Borehole H-07-64 intersected the upper edge of the same zone approximately 25m east of previously released borehole H-07-61. Together they represent what is, at present, the upper margin of the embayment that led to major sulphide accumulation. This area will be tested further to determine the margins with increased confidence.

"Hart continues to deliver," said William Randall, Liberty's Vice President of Exploration. "This latest drill hole confirms the economic potential of the orebody, returning concentrations high enough to compensate for weaker nickel commodity prices, should they occur. And, as stated previously, the large sulphide pool is wide open to the east, west and at depth." he added.

The project was supervised by Liberty's Vice President of Exploration, William Randall 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

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

Contact Information

  • Liberty Mines Inc.
    Dr. Gary Nash, PhD (Physics)
    President & CEO
    (416) 238-9736
    (780) 437-7898 (FAX)
    Email: gnash@libertymines.com
    or
    Liberty Mines Inc.
    Chris Simister
    Manager Investor Relations
    (780) 485-2299
    (780) 485-2253 (FAX)
    Email: csimister@libertymines.com