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news

in response to Financial Statements by Wanderer5

posted on Aug 17, 09 09:15AM

Here is a sample of this item:

Liberty Mines to restart production from Redstone

2009-08-17 08:17 ET - News Release

Dr. Gary Nash reports

LIBERTY TO RE-START THE REDSTONE NICKEL MINE AND CORPORATE UPDATE

Liberty Mines Inc. plans to recommence production from the Redstone nickel mine near Timmins, Ont., by Aug. 24, 2009. The mine has been on care and maintenance since Oct. 31, 2008. A notice of project status to commence development and production was recently filed with the Ministry of Northern Development Mines and Forestry.

Development to the 488-metre level was completed in August, 2008, enabling access to the resource above that level. The mineralization was previously mined by shrinkage stoping at a reported production rate of 208 tonnes per day in 2008. Management is investigating other mining methods to safely increase the production rate and lower the cost of production. Crews will work in conjunction with the McWatters mine so as to optimize the manpower as needed at both mines. The continuity of the operations at the Redstone mine is sensitive to the price of nickel so the short-term goal will be to provide sufficient mineralization for start-up of the Redstone nickel concentrator by Sept. 15, 2009.