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First Liberty Power Corp. announced that it has entered into a mineral property acquisition agreement to acquire 84 placer claims (12,800 acres) strategically located in Esmeralda County, Nevada (the "LVW claims") and 66 mineral lode claims in San Juan County, Utah (the "Uravan mineral claims").
The LVW claims share a similar geology and weathering history to nearby Clayton Valley, the LVW Claims are located within 15 miles of the Montezuma Peak, which is believed to be the source of the regions lithium. The north end of ClaytonValley hosts Chemetall Foote Corporation's Silver Peak Mine, the only lithium brine producer in the United States. Mine production comes from a 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.
The Company's exploration of the LVW claims will evaluate the potential for lithium enriched brines within this highly prospective basin.
The Uravan Mineral claims are located within the Colorado Plateau near the Utah-Colorado border. A preliminary radon survey was completed on the Uravan Mineral Claims during September, 2009. The preliminary radon survey data indicates an anomalous east-west radiometric trend. The size of the anomalies appears to be similar to the size of the high grade vanadium-uranium beds mined from the nearby Firefly, Gray Daun and Vanadium Queen Mine. The channel system already delineated by the radon survey is part of the channel system that hosts the Pandora and Beaver Shaft mines, both producing Uranium and Vanadium ore that is transported to and processed at the Dennison Mill located near Blanding Utah.
Glyn R Garner, President and CEO of First Liberty Power Corp, commented, "First Liberty believes lithium, vanadium and uranium will play a key role in the revolutionary transformation taking place in the way the world is powered. In addition to excellent infrastructure of these highly prospective properties, First Liberty has positioned itself under the guidance of renowned geological consulting firm GeoXplorCorp. who have performed more radon surveys and successfully drilled into more radon anomalies in SE Utah than anyone in addition to having more exploration experience with Nevada brines than any other company in the USA. The company plans on aggressive exploration programs to consist of various geophysical methods prior to drilling on both of these exceptional properties."