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$FLPC -The Liberty Property and Circuit
Liberty has an 8 acre fenced yard on 40 private acres, and operates on 4.8 acres within the fenced area. There is an 80 by 150 feet industrial building with a concrete reinforced floor surrounded by an 8 inch high containment curb. Liberty has sufficient water (4 acre feet/yr) and new electrical service (800 amps at 480 volts, 3 phase) to meet expanded processing requirements. There are containment structures outside the building for (1) storing feed materials, (2) solid liquid separation, (3) recycling solutions and (4) evaporation of process solutions. Delivery and stockpiling of materials is preferred in super sacks, but bulk and barrels can be accommodated.
The building floor is graded to a floor drain which drains to a 500 gallon covered sump which can be transferred to a 5,000 gallon recycle tank. There are 35,000 gallons of secondary containment in the building. The pad, sump and containment are all coated with epoxy based acid resistant material. Liberty’s 6 bay building has a 76 by 122 foot processing area with the remaining area devoted to a wet laboratory, AA room/office, weigh room, fire assay and laboratory roof mezzanine warehouse. There are separate maintenance and electrical shops, 2 office buildings, a break/lunch trailer for personnel, and 2 trailers for housing.
The processing circuit includes: a feed storage containment area, feed hopper, Deister table, wet magnetic separation, ball mill, chemical leaching circuit, filtration, Merrill-Crowe precious metals precipitation, refinery, and two separate water recovery/recycle systems.
http://www.coronetmetals.com/liberty-processing-facility-property-circuit.html
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-gallery.html
As a result of this transaction, First Liberty will have a 50% ownership interest in Coronet USA, which includes the following: i) all of Coronet USA’s equipment, lease-hold improvements, and other assets, valued at approximately $2.1 million; (ii) all identified liabilities of Coronet USA, totalling approximately $100,000 ; (iii) all obligations and rights under the Lease held by Coronet USA in respect of the Liberty Mill and associated permits, and; (iv) prioritization for the processing and refining of First Liberty and Coronet sourced ore and/or concentrates.
$FLPC - First Liberty Power Secures Refining Capacity in the United States
Reno, NV , Sept. 29, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTC Pink), a diversified exploration, development and junior mining company focused on strategic minerals for America's future, today announced the completion of a Letter of Intent ("LOI") to acquire a 50% operational interest in a central Nevada processing facility, known as the Liberty Precious Metals Processing Facility (the " Liberty Mill ").
First Liberty Power CEO, Don Nicholson , provided details of this significant FLPC development. "After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill , which is located on 40-acres of private land in Amargosa Valley, Nevada , approximately two hours northwest of Las Vegas. The SPA is to be concluded before Monday, October 6 th."
http://www.firstlibertypower.com/investors/filings/
The Liberty Mill is a gravity separation operation that is also permitted to use cyanide for leaching material that is not recoverable through that separation process. Currently, the operation is fully permitted to process up to 50 tons of feed material per day from Nevada , as well as out-of-state supply. Identified assets of the Liberty operation include a feed storage containment area, feed hopper, Deister table, wet magnetic separation, ball mill, chemical leaching circuit, filtration, Merrill-Crowe precious metals precipitation, refinery, and two separate water recovery/recycle systems.
CEO Nicholson noted the impact of the joint mill venture relative to the Company's broad-based advances and objectives. "Over the last year, the FLPC management team has increased the Company's mineral properties to more than 1200 acres, including a gold (AG) mineral exploration operation on the Rose Creek Properties with near-term expectations of gold production to improve the FLPC balance sheet. In obtaining this well-established Liberty Mill operation, FLPC has now taken steps that immediately enhances the prospects of the Company's mining business by providing a near-term solution to refining constraints. Moreover, this joint venture advances another FLPC objective of having a facility which, with relatively straight-forward enhancements, will be able to host a dedicated operational line to produce high grade stibnite (antimony) concentrate sourced from our properties."
In acknowledging the significance of the Liberty Mill acquisition, First Liberty Power COO, Jimmy Trikeriotis , detailed the operational impact. "Having access to the Liberty Mill operation greatly expands FLPC's short and mid-term options for both the refining of gold oreconcentrates andstibnite as well asother ores. This opportunity fits in ideally with the Company's active development plans for milling and refining capacity in Winnemucca , as it allows for the tailoring of the respective facilities for different ore types and processing methods, and optimizes the transportation logistics of varying ore and concentrate sources."
First Liberty Power will continue to use Pathways of Progress announcements to make public Company details and operational advancements. www.firstlibertypower.com
ABOUT FIRST LIBERTY POWER CORPORATION (OTC Pink: FLPC): First Liberty Power Corporation is a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. First Liberty Power's corporate philosophy is founded on a methodology designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advancements through open and transparent communication. First Liberty is focused on exploring and developing antimony and other strategic metal projects and properties.
www.firstlibertypower.com www.facebook.com/FirstLibertyPower https://twitter.com/FirstLibertyOTC
ABOUT CORONET METALS USA : Coronet Metals Inc. (TSXV:CRF, OTCQX:CORMF, FWB: 2CM) is a junior gold exploration and development company focused on building a substantial junior gold production and exploration company by acquiring advanced, near production, low cost assets with upside potential in the Americas and is well positioned to generate value for its shareholders. The Company is advancing the Liberty Precious Metals Testing in Nevada to production over the next year. Liberty commenced production in 2013 and is permitted to commercially process up to 50 tons per day of material to recover precious metals from feed materials such as mine ores and flotation/gravity concentrates. Liberty offers near-term cash flow and significant upside potential. It is located two hours north-west of Las Vegas, Nevada on 40 acres of private land. In February 2013 , Coronet entered into a 24-month Lease with the option to purchase the facility. http://www.coronetmetals.com/
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC .
CONTACT: For more information contact: Robert Reynolds (800)709-1196 ir@firstlibertypower.com Thomas Dean (646)396-9615 Murdock Capital Partners tdean@murdockcapital.com
Source: First Liberty Power Corporation
FLPC - Could even close green , imo
FLPC - Looks like note holders did their job , time to fair trade now ?
Thanks ;0)
I saw that too. ;0) Who would take $100M debt in charge ? Typo ,imo.
LETTER OF INTENT RELATIVE TO THE ACQUISITION OF 50% INTEREST IN CORONET METALS US INC., WHOLLY OWNED SUBSIDIARY OF CORONET METALS INC.
Strategic Minerals for America’s Future
September 27, 2014
To: Coronet Metals Inc.
2630 – 1175 West Georgia St
Vancouver, BC, V6E 3C9
Attention: Theo van der Line
President
Re: Acquisition of Coronet Metals US Inc., wholly owned subsidiary of Coronet Metals Inc.
This binding Letter of Intent (“LOI”) sets out the terms under which First Liberty Power Corp. and/or its wholly owned subsidiary First Liberty Mineral Processing Corp. (collectively, “First Liberty”) will enter into a definitive share purchase agreement (the "SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (“Coronet USA”), which currently holds a lease to operate (the “Lease”) the Liberty Precious Metals Processing Facility (“Liberty Mill”) located in Amargosa Valley, Nevada, from Coronet Metals Inc. (“Coronet”).
The provisions of the LOI are binding on the parties hereto. The LOI is to be replaced by the SPA on or before the Effective Date.
The terms under which First Liberty will enter into the SPA are as follows:
1.
Effective Date. The SPA must be entered into on or before October 6, 2014, otherwise this LOI will terminate. The Effective Date for the purpose of this LOI and the SPA will be the third business day following the date the SPA is fully executed (the "Effective Date")
2.
Coronet USA. First Liberty shall be acquiring 50% of the issued and outstanding shares of Coronet USA, and Coronet USA is inclusive of the following:
a.
All identified assets on Coronet USA’s balance sheet, valued at approximately $2.1 million as at September 19, 2014, and not materially changed through to Effective Date, and as shall be identified in an appendix to the SPA.
b.
All identified liabilities on Coronet USA’s balance sheet, identified as being approximately $100,000K as at September 19, 2014, and not materially changed through to Effective Date, and as shall be identified in an appendix to the SPA.
c.
All obligations and rights under the Lease held by Coronet USA in respect of the Liberty Mill and associated permits.
d.
Prioritization for the processing and refining of First Liberty and Coronet sourced ore and/or concentrates.
1
3.
Consideration & Commitments. In exchange for First Liberty acquiring 50% of the shares of Coronet USA from Coronet, First Liberty shall:
a)
Provide to Coronet a total of $200,000 in cash consideration, of which the timing and allocation is:
a.
The parties agree that $20,000 has previously been provided to Coronet, which amount was applied towards a payment on the Lease.
b.
Within 3 days of the signing of the LOI, a total of US$35,000, which funds shall be (i) utilized by Coronet to undertake a $20,000 payment towards outstanding amounts owing on the Lease, and (ii) the remainder available to Coronet for purposes of its own discretion
c.
On or before the Effective Date, a total of $60,000, which amounts are to be used in their entirety towards remaining outstanding Lease payments and payment in full for the October 2014 Lease obligation.
d.
On or before 60 days from the Effective Date, the remaining $85,000, which amounts shall be utilized towards: (i) November 2014 Lease obligation; (ii) necessary and agreed payments on outstanding amounts owed by Coronet USA; (iii) ongoing operational costs associated with Coronet USA including costs required to bring facility back into full operational status.
4.
Coronet’s Obligations: In exchange for the consideration and commitments provided by First Liberty, Coronet shall:
a)
Provide necessary support for the assets and liabilities as referenced in 2.a) and 2.b) herein.
b)
Forbearance agreement between Coronet USA and the parties to the Lease, that upon all Lease arrears being addressed and October lease being paid, all default provision triggers shall be reset to a base state as if no deficiencies had previously occurred, and lease toll be considered in full and good standing.
a.
The $20,000 component of the $35,000 not to be released until forbearance agreement obtained. Forbearance can be in full effect upon full payment of lease amounts.
c)
Delivery of good standing of Coronet USA and other requested support documents as may be reasonably requested by First Liberty.
d)
Certification as to the good standing of all permits in place, and validity of Lease agreement.
e)
Upon delivery of First Liberty’s full consideration, delivery of all applicable share certificates and other required corporate documentation.
5.
Due Diligence. First Liberty will have until the Effective Date to undertake additional due-diligence on Coronet USA, the Lease and associated permits, and have the SPA reviewed and approved by the First Liberty Board of Directors.
a)
This LOI may be terminated, and all funds delivered returned, with the exception of the $20,000 identified in 3.a).a. should material and potentially detrimental non-disclosed information be identified prior to the completion of the SPA.
b)
This LOI may be terminated at First Liberty’s discretion prior to the completion of the SPA, however any provided funds through to termination shall be forfeited by First Liberty.
2
6.
Operational Considerations of Coronet USA. The parties agree that upon execution of the SPA, Coronet USA shall be generally operated as follows:
a)
Upon First Liberty completing its consideration requirements, all subsequent capital and operating costs required to maintain and develop Coronet USA to be provided equally by First Liberty and Coronet.
b)
The parties shall respectively identify an equal number of members to form a committee (“Committee”) which shall be responsible for all decision making of Coronet USA.
a.
For any matters for which there is disagreement within the Committee and involved capital or operational considerations of less than $20,000, First Liberty shall have a decisive vote.
b.
For any matters in excess of $20,000, First Liberty and Coronet to follow a proscribed dispute resolution mechanism to be identified in the SPA.
7.
Terms of the SPA. The SPA will contain terms and conditions that are standard to SPAs of this nature including the terms within this LOI, and without limiting the generality of the foregoing:
a)
Standard representations and warranties as to title and corporate authority of each of Coronet, Coronet USA and First Liberty.
b)
Right of entry and access to Liberty Mill or its agents and representatives for the sole purpose of conducting due diligence;
8.
Standstill. Until October 6, 2014, Coronet agrees not to enter into any discussions, make any offers to enter into any agreement whatsoever with any third party for the purpose of disposing of any interest in Coronet USA or its assets, directly or indirectly.
9.
Confidentiality. Each of the parties agree that all information obtained hereunder will be the exclusive property of the parties and not publicly disclosed or used other than for the activities contemplated hereunder except as required by law or by rules and regulations of any regulatory authority or stock exchange having jurisdiction or with the prior written consent of the other party, with such consent not to be unreasonably withheld.
10.
Miscellaneous.
a)
Time is of the essence of this LOI.
b)
This LOI shall enure to the benefit of and be binding upon the parties and their respective successors and permitted assigns.
c)
Each of the parties hereby covenants and agrees to do or cause to be done all acts or things necessary to implement and carry into effect the provisions and intent of this LOI.
d)
This LOI shall be interpreted in accordance with the laws of the State of Nevada, USA.
3
If the foregoing accurately sets forth your understanding of our agreement with respect' of our mutual intent to enter into a binding SPA, please sign below.
Yours very truly,
Coronet Metals Inc.
Per:
Theo van der Line
President
UNDERSTOOD AND AGREED TO THIS _____ DAY OF _________________, 2014.
First Liberty Power Corp.
Per:
Don Nicholson
CEO
First Liberty Power Corp
7251 West Lake Mead Blvd, Ste 300
Las Vegas, NV 89128
702.539.9723
www.firstlibertypower.com
Correction : Sorry , after reading the 8K , we acquired 50% in Coronet USA , which is a subsidiary of Coronet Inc. , nothing on his other Gold properties.
"On September 27, 2014, First Liberty Power Corp. executed a binding Letter of Intent (“LOI”) under which First Liberty Power Corp. and/or its wholly owned subsidiary First Liberty Mineral Processing Corp. (collectively, “First Liberty”) will enter into a definitive share purchase agreement (the "SPA") on or before October 6, 2014 (“Effective Date”) to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (“Coronet USA”), which currently holds a lease to operate (the “Lease”) the Liberty Precious Metals Processing Facility (“Liberty Mill”) located in Amargosa Valley, Nevada, from Coronet Metals Inc. (“Coronet”).
As a result of this transaction, First Liberty will have a 50% ownership interest in Coronet USA, which includes the following: i) all of Coronet USA’s equipment, lease-hold improvements, and other assets, valued at approximately $2.1 million; (ii) all identified liabilities of Coronet USA, totalling approximately $100,000K; (iii) all obligations and rights under the Lease held by Coronet USA in respect of the Liberty Mill and associated permits, and; (iv) prioritization for the processing and refining of First Liberty and Coronet sourced ore and/or concentrates.
"
$FLPC - First Liberty Power Secures Refining Capacity in the United States
http://www.irdirect.net/pr/release/id/909425
Reno, NV , Sept. 29, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTC Pink), a diversified exploration, development and junior mining company focused on strategic minerals for America's future, today announced the completion of a Letter of Intent ("LOI") to acquire a 50% operational interest in a central Nevada processing facility, known as the Liberty Precious Metals Processing Facility (the " Liberty Mill ").
First Liberty Power CEO, Don Nicholson , provided details of this significant FLPC development. "After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill , which is located on 40-acres of private land in Amargosa Valley, Nevada , approximately two hours northwest of Las Vegas. The SPA is to be concluded before Monday, October 6 th." www.firstlibertypower.com/investors/filings/
The Liberty Mill is a gravity separation operation that is also permitted to use cyanide for leaching material that is not recoverable through that separation process. Currently, the operation is fully permitted to process up to 50 tons of feed material per day from Nevada , as well as out-of-state supply. Identified assets of the Liberty operation include a feed storage containment area, feed hopper, Deister table, wet magnetic separation, ball mill, chemical leaching circuit, filtration, Merrill-Crowe precious metals precipitation, refinery, and two separate water recovery/recycle systems.
CEO Nicholson noted the impact of the joint mill venture relative to the Company's broad-based advances and objectives. "Over the last year, the FLPC management team has increased the Company's mineral properties to more than 1200 acres, including a gold (AG) mineral exploration operation on the Rose Creek Properties with near-term expectations of gold production to improve the FLPC balance sheet. In obtaining this well-established Liberty Mill operation, FLPC has now taken steps that immediately enhances the prospects of the Company's mining business by providing a near-term solution to refining constraints. Moreover, this joint venture advances another FLPC objective of having a facility which, with relatively straight-forward enhancements, will be able to host a dedicated operational line to produce high grade stibnite (antimony) concentrate sourced from our properties."
In acknowledging the significance of the Liberty Mill acquisition, First Liberty Power COO, Jimmy Trikeriotis , detailed the operational impact. "Having access to the Liberty Mill operation greatly expands FLPC's short and mid-term options for both the refining of gold oreconcentrates andstibnite as well asother ores. This opportunity fits in ideally with the Company's active development plans for milling and refining capacity in Winnemucca , as it allows for the tailoring of the respective facilities for different ore types and processing methods, and optimizes the transportation logistics of varying ore and concentrate sources."
First Liberty Power will continue to use Pathways of Progress announcements to make public Company details and operational advancements. www.firstlibertypower.com
ABOUT FIRST LIBERTY POWER CORPORATION (OTC Pink: FLPC): First Liberty Power Corporation is a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. First Liberty Power's corporate philosophy is founded on a methodology designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advancements through open and transparent communication. First Liberty is focused on exploring and developing antimony and other strategic metal projects and properties.
www.firstlibertypower.com www.facebook.com/FirstLibertyPower https://twitter.com/FirstLibertyOTC
ABOUT CORONET METALS USA : Coronet Metals Inc. (TSXV:CRF, OTCQX:CORMF, FWB: 2CM) is a junior gold exploration and development company focused on building a substantial junior gold production and exploration company by acquiring advanced, near production, low cost assets with upside potential in the Americas and is well positioned to generate value for its shareholders. The Company is advancing the Liberty Precious Metals Testing in Nevada to production over the next year. Liberty commenced production in 2013 and is permitted to commercially process up to 50 tons per day of material to recover precious metals from feed materials such as mine ores and flotation/gravity concentrates. Liberty offers near-term cash flow and significant upside potential. It is located two hours north-west of Las Vegas, Nevada on 40 acres of private land. In February 2013 , Coronet entered into a 24-month Lease with the option to purchase the facility. http://www.coronetmetals.com/
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC .
CONTACT: For more information contact: Robert Reynolds (800)709-1196 ir@firstlibertypower.com Thomas Dean (646)396-9615 Murdock Capital Partners tdean@murdockcapital.com
Source: First Liberty Power Corporation
$FLPC - MORE ON YANAMINA GOLD PROJECT :
YANAMINA
-
PEA FINDINGS
Per the PEA, the
Capex
to build and operate a mine at
Yanamina
is estimated at $35.5M
Using the current resource estimate,
Yanamina
would have a 5 year mine life with initial
annual production of 41,000 oz. gold and 95,000 oz. silver
Treating 4,802,000 tonnes of ore grading 1.3 g/t gold and 5.65 g/t silver with heap leach
recoveries of 73% gold and 40% silver would result in the production of 151,000 oz Au and 349,000 oz Ag over a 5 year mine life (at a cash cost of $US 257/eq oz. Au )
At $US 1,025/oz Au and $16.50/oz Ag,
the IRR is 50%, the NPV at 5% is US$ 40.5M
and
the payback is 1.47 years from the start of operations
Beyond the existing defined resource,here is still excellent upside potential at Yanamina
NI 43-101 Technical Report
proposes a 10,000m, US$ 3.5M definition and expansion drill
program with the potential to double or triple the existing resource
The resource remains open at depth, along strike and on both sides
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
"After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill, which is located on 40-acres of private land in Amargosa Valley, Nevada, approximately two hours north?west of Las Vegas. The SPA is to be concluded before Monday, October 6th."
http://www.irdirect.net/pr/release/id/909425
$FLPC - 50% STAKE IN : Yanamina Gold Project
(Ancash, Peru)
YANAMINA GOLD PROJECT
Mineral Project:
Yanamina
Gold Project
Status
: Advanced Stage Exploration
Location
: 40 km north of Barrick Gold’s Pierina
mine (7.5M oz. Au) and 120 km south of the Alto
Chicama
/Laguna Norte mines (9.1M oz. Au)
Property Size
: 224 hectares
Deposit Type
: Project is envisioned to be an open
pit, heap leach gold and silver recovery operation
Key Takeaway
:
Yanamina has a NI 43-101
compliant resource of 83,100 oz. Au Indicated and 123,700 oz. Au Inferred (cut off grade of 0.5 g/t)
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
"After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill, which is located on 40-acres of private land in Amargosa Valley, Nevada, approximately two hours north?west of Las Vegas. The SPA is to be concluded before Monday, October 6th."
http://www.irdirect.net/pr/release/id/909425
$FLPC - 50% STAKE IN : Yanamina Gold Project
(Ancash, Peru)
YANAMINA GOLD PROJECT
Mineral Project:
Yanamina
Gold Project
Status
: Advanced Stage Exploration
Location
: 40 km north of Barrick Gold’s Pierina
mine (7.5M oz. Au) and 120 km south of the Alto
Chicama
/Laguna Norte mines (9.1M oz. Au)
Property Size
: 224 hectares
Deposit Type
: Project is envisioned to be an open
pit, heap leach gold and silver recovery operation
Key Takeaway
:
Yanamina has a NI 43-101
compliant resource of 83,100 oz. Au Indicated and 123,700 oz. Au Inferred (cut off grade of 0.5 g/t)
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
"After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill, which is located on 40-acres of private land in Amargosa Valley, Nevada, approximately two hours north?west of Las Vegas. The SPA is to be concluded before Monday, October 6th."
http://www.irdirect.net/pr/release/id/909425
$FLPC - 50% STAKE IN : Yanamina Gold Project
(Ancash, Peru)
YANAMINA GOLD PROJECT
Mineral Project:
Yanamina
Gold Project
Status
: Advanced Stage Exploration
Location
: 40 km north of Barrick Gold’s Pierina
mine (7.5M oz. Au) and 120 km south of the Alto
Chicama
/Laguna Norte mines (9.1M oz. Au)
Property Size
: 224 hectares
Deposit Type
: Project is envisioned to be an open
pit, heap leach gold and silver recovery operation
Key Takeaway
:
Yanamina has a NI 43-101
compliant resource of 83,100 oz. Au Indicated and 123,700 oz. Au Inferred (cut off grade of 0.5 g/t)
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
"After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill, which is located on 40-acres of private land in Amargosa Valley, Nevada, approximately two hours north?west of Las Vegas. The SPA is to be concluded before Monday, October 6th."
http://www.irdirect.net/pr/release/id/909425
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-about.html
"After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill, which is located on 40-acres of private land in Amargosa Valley, Nevada, approximately two hours north?west of Las Vegas. The SPA is to be concluded before Monday, October 6th."
www.irdirect.net/pr/release/id/909425
FLPC - ;0)
$FLPC - MORE ON WHITE CAPS GOLD PROJECT
Near Term Production & Cash Flow
Repermitting of the White Caps Gold Project is under way
Plan of Operations for the Project was submitted to BLM in June 2013
There is a historic estimated 300,000 tons of gold
-
bearing tailings and dumps on site
with an average grade of 3 g/t Au
Coronet Metals has begun preparations to produce a NI 43101 Technical Report to
assess the economics of processing the historic tailings
The Company plans to refurbish the existing White Caps Mill, located a ½ mile north
of the town of Manhattan, to a regulation compliant facility capable of processing 250 tons of ore per day (projected cost of $5M to $7M)
The tailings stockpile is expected to yield annual production of 6,000 oz. Au over a period of 3 years
www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
$FLPC - 50% STAKE IN : WHITE CAPS GOLD PROJECT
Mineral Project:
White Caps Gold Project
Tiered Approach
: Near term production of
historic gold
bearing tailings and dumps; early
stage exploration of property for gold and silver
Location
: 13 miles south of the multi million ounce
Round Mountain Gold Mine (a joint venture
between
Barrick Gold and Kinross Gold Corp).
Property Size
: 120 claims covering ~2800 acres
Key Takeaway
: Historical references indicate that
the property contains up to 300,000 tons of gold
-
bearing tailings with an average grade of 3g/tAu
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
"After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill, which is located on 40-acres of private land in Amargosa Valley, Nevada, approximately two hours north?west of Las Vegas. The SPA is to be concluded before Monday, October 6th."
http://www.irdirect.net/pr/release/id/909425
$FLPC - MORE ON WHITE CAPS GOLD PROJECT
Near Term Production & Cash Flow
Repermitting of the White Caps Gold Project is under way
Plan of Operations for the Project was submitted to BLM in June 2013
There is a historic estimated 300,000 tons of gold
-
bearing tailings and dumps on site
with an average grade of 3 g/t Au
Coronet Metals has begun preparations to produce a NI 43101 Technical Report to
assess the economics of processing the historic tailings
The Company plans to refurbish the existing White Caps Mill, located a ½ mile north
of the town of Manhattan, to a regulation compliant facility capable of processing 250 tons of ore per day (projected cost of $5M to $7M)
The tailings stockpile is expected to yield annual production of 6,000 oz. Au over a period of 3 years
www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
$FLPC - 50% STAKE IN : WHITE CAPS GOLD PROJECT
Mineral Project:
White Caps Gold Project
Tiered Approach
: Near term production of
historic gold
bearing tailings and dumps; early
stage exploration of property for gold and silver
Location
: 13 miles south of the multi million ounce
Round Mountain Gold Mine (a joint venture
between
Barrick Gold and Kinross Gold Corp).
Property Size
: 120 claims covering ~2800 acres
Key Takeaway
: Historical references indicate that
the property contains up to 300,000 tons of gold
-
bearing tailings with an average grade of 3g/tAu
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
"After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill, which is located on 40-acres of private land in Amargosa Valley, Nevada, approximately two hours north?west of Las Vegas. The SPA is to be concluded before Monday, October 6th."
http://www.irdirect.net/pr/release/id/909425
I'm there for $$$$$$ , Not Burgers ,0) $FLPC
$FLPC - "Over the last year, the FLPC management team has increased the Company's mineral properties to more than 1200 acres, including a gold (AG) mineral exploration operation on the Rose Creek Properties with near-term expectations of gold production to improve the FLPC balance sheet. In obtaining this well-established Liberty Mill operation, FLPC has now taken steps that immediately enhances the prospects of the Company's mining business by providing a near-term solution to refining constraints. Moreover, this joint venture advances another FLPC objective of having a facility which, with relatively straight-forward enhancements, will be able to host a dedicated operational line to produce high grade stibnite (antimony) concentrate sourced from our properties."
CEO NICHOLSON
http://www.irdirect.net/pr/release/id/909425
$FLPC - MORE ON WHITE CAPS GOLD PROJECT
Near Term Production & Cash Flow
Repermitting of the White Caps Gold Project is under way
Plan of Operations for the Project was submitted to BLM in June 2013
There is a historic estimated 300,000 tons of gold
-
bearing tailings and dumps on site
with an average grade of 3 g/t Au
Coronet Metals has begun preparations to produce a NI 43101 Technical Report to
assess the economics of processing the historic tailings
The Company plans to refurbish the existing White Caps Mill, located a ½ mile north
of the town of Manhattan, to a regulation compliant facility capable of processing 250 tons of ore per day (projected cost of $5M to $7M)
The tailings stockpile is expected to yield annual production of 6,000 oz. Au over a period of 3 years
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
$FLPC - 50% STAKE IN : WHITE CAPS GOLD PROJECT
Mineral Project:
White Caps Gold Project
Tw o
-
Tiered Approach
: Near term production of
historic gold
bearing tailings and dumps; early
stage exploration of property for gold and silver
Location
: 13 miles south of the multi million ounce
Round Mountain Gold Mine (a joint venture
between
Barrick Gold and Kinross Gold Corp).
Property Size
: 120 claims covering ~2800 acres
Key Takeaway
: Historical references indicate that
the property contains up to 300,000 tons of gold
-
bearing tailings with an average grade of 3g/tAu
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
$FLPC - "Having access to the Liberty Mill operation greatly expands FLPC's short and mid-term options for both the refining of gold ore concentrates and stibnite as well as other ores. This opportunity fits in ideally with the Company's active development plans for milling and refining capacity in Winnemucca, as it allows for the tailoring of the respective facilities for different ore types and processing methods, and optimizes the transportation logistics of varying ore and concentrate sources."
Jimmy Trikeriotis
Key Takeaway
: With high grade production at 50 TPD
output, Coronet projects EBITDA could reach
$15M - $25M per year.
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
FLPC - today announced the completion of a Letter of Intent ("LOI") to acquire a 50% operational interest in a central Nevada processing facility, known as the Liberty Precious Metals Processing Facility (the "Liberty Mill").
http://www.irdirect.net/pr/release/id/909425
$FLPC - CORONET METALS - PRESENTATION PDF
http://www.coronetmetals.com/pdf/Coronet-presentation-March-2014.pdf
A close above .004 would be powerful enough ... for today ;0)
Agreed ! ;0)
.01 would only give a poor $9M Market Cap , are you kidding ? ;0)
"The SPA is to be concluded before Monday, October 6 th." http://www.irdirect.net/pr/release/id/909425
$FLPC - Float (Approx.): 773,158,015 ,THEN DEDUCT MORE THAN 150M SHARES HELD BY INSIDERS AND A LARGE PART OF THE 5700 SHAREHOLDERS ARE JUST HOLDING ! ;0)
$FLPC - First Liberty Power Secures Refining Capacity in the United States
http://www.irdirect.net/pr/release/id/909425
Reno, NV , Sept. 29, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTC Pink), a diversified exploration, development and junior mining company focused on strategic minerals for America's future, today announced the completion of a Letter of Intent ("LOI") to acquire a 50% operational interest in a central Nevada processing facility, known as the Liberty Precious Metals Processing Facility (the " Liberty Mill ").
First Liberty Power CEO, Don Nicholson , provided details of this significant FLPC development. "After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill , which is located on 40-acres of private land in Amargosa Valley, Nevada , approximately two hours northwest of Las Vegas. The SPA is to be concluded before Monday, October 6 th." www.firstlibertypower.com/investors/filings/
The Liberty Mill is a gravity separation operation that is also permitted to use cyanide for leaching material that is not recoverable through that separation process. Currently, the operation is fully permitted to process up to 50 tons of feed material per day from Nevada , as well as out-of-state supply. Identified assets of the Liberty operation include a feed storage containment area, feed hopper, Deister table, wet magnetic separation, ball mill, chemical leaching circuit, filtration, Merrill-Crowe precious metals precipitation, refinery, and two separate water recovery/recycle systems.
CEO Nicholson noted the impact of the joint mill venture relative to the Company's broad-based advances and objectives. "Over the last year, the FLPC management team has increased the Company's mineral properties to more than 1200 acres, including a gold (AG) mineral exploration operation on the Rose Creek Properties with near-term expectations of gold production to improve the FLPC balance sheet. In obtaining this well-established Liberty Mill operation, FLPC has now taken steps that immediately enhances the prospects of the Company's mining business by providing a near-term solution to refining constraints. Moreover, this joint venture advances another FLPC objective of having a facility which, with relatively straight-forward enhancements, will be able to host a dedicated operational line to produce high grade stibnite (antimony) concentrate sourced from our properties."
In acknowledging the significance of the Liberty Mill acquisition, First Liberty Power COO, Jimmy Trikeriotis , detailed the operational impact. "Having access to the Liberty Mill operation greatly expands FLPC's short and mid-term options for both the refining of gold oreconcentrates andstibnite as well asother ores. This opportunity fits in ideally with the Company's active development plans for milling and refining capacity in Winnemucca , as it allows for the tailoring of the respective facilities for different ore types and processing methods, and optimizes the transportation logistics of varying ore and concentrate sources."
First Liberty Power will continue to use Pathways of Progress announcements to make public Company details and operational advancements. www.firstlibertypower.com
ABOUT FIRST LIBERTY POWER CORPORATION (OTC Pink: FLPC): First Liberty Power Corporation is a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. First Liberty Power's corporate philosophy is founded on a methodology designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advancements through open and transparent communication. First Liberty is focused on exploring and developing antimony and other strategic metal projects and properties.
www.firstlibertypower.com www.facebook.com/FirstLibertyPower https://twitter.com/FirstLibertyOTC
ABOUT CORONET METALS USA : Coronet Metals Inc. (TSXV:CRF, OTCQX:CORMF, FWB: 2CM) is a junior gold exploration and development company focused on building a substantial junior gold production and exploration company by acquiring advanced, near production, low cost assets with upside potential in the Americas and is well positioned to generate value for its shareholders. The Company is advancing the Liberty Precious Metals Testing in Nevada to production over the next year. Liberty commenced production in 2013 and is permitted to commercially process up to 50 tons per day of material to recover precious metals from feed materials such as mine ores and flotation/gravity concentrates. Liberty offers near-term cash flow and significant upside potential. It is located two hours north-west of Las Vegas, Nevada on 40 acres of private land. In February 2013 , Coronet entered into a 24-month Lease with the option to purchase the facility. http://www.coronetmetals.com/
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC .
CONTACT: For more information contact: Robert Reynolds (800)709-1196 ir@firstlibertypower.com Thomas Dean (646)396-9615 Murdock Capital Partners tdean@murdockcapital.com
Source: First Liberty Power Corporation
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-about.html
Agreed . Pound that ask and let the Burger's flippers buy back higher $$$$$ ! ;0)
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-about.html
$FLPC - Liberty Processing Facility - GALLERY
http://www.coronetmetals.com/liberty-processing-facility-about.html
$FLPC - Breakout mode - Huge News! http://www.irdirect.net/pr/release/id/909425
$FLPC - Breakout mode - Huge News! http://www.irdirect.net/pr/release/id/909425
$FLPC - First Liberty Power Secures Refining Capacity in the United States
Reno, NV , Sept. 29, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTC Pink), a diversified exploration, development and junior mining company focused on strategic minerals for America's future, today announced the completion of a Letter of Intent ("LOI") to acquire a 50% operational interest in a central Nevada processing facility, known as the Liberty Precious Metals Processing Facility (the " Liberty Mill ").
First Liberty Power CEO, Don Nicholson , provided details of this significant FLPC development. "After extensive negotiations, First Liberty Power has entered into a binding LOI for a definitive share purchase agreement ("SPA") to acquire 50% of the issued and outstanding shares of Coronet Metals US Inc. (Coronet US) from Coronet Metals Inc. Coronet US currently holds the lease to operate and has expended a capital investment of $2.1 million in the Liberty Mill , which is located on 40-acres of private land in Amargosa Valley, Nevada , approximately two hours northwest of Las Vegas. The SPA is to be concluded before Monday, October 6 th." http://www.firstlibertypower.com/investors/filings/
The Liberty Mill is a gravity separation operation that is also permitted to use cyanide for leaching material that is not recoverable through that separation process. Currently, the operation is fully permitted to process up to 50 tons of feed material per day from Nevada , as well as out-of-state supply. Identified assets of the Liberty operation include a feed storage containment area, feed hopper, Deister table, wet magnetic separation, ball mill, chemical leaching circuit, filtration, Merrill-Crowe precious metals precipitation, refinery, and two separate water recovery/recycle systems.
CEO Nicholson noted the impact of the joint mill venture relative to the Company's broad-based advances and objectives. "Over the last year, the FLPC management team has increased the Company's mineral properties to more than 1200 acres, including a gold (AG) mineral exploration operation on the Rose Creek Properties with near-term expectations of gold production to improve the FLPC balance sheet. In obtaining this well-established Liberty Mill operation, FLPC has now taken steps that immediately enhances the prospects of the Company's mining business by providing a near-term solution to refining constraints. Moreover, this joint venture advances another FLPC objective of having a facility which, with relatively straight-forward enhancements, will be able to host a dedicated operational line to produce high grade stibnite (antimony) concentrate sourced from our properties."
In acknowledging the significance of the Liberty Mill acquisition, First Liberty Power COO, Jimmy Trikeriotis , detailed the operational impact. "Having access to the Liberty Mill operation greatly expands FLPC's short and mid-term options for both the refining of gold oreconcentrates andstibnite as well asother ores. This opportunity fits in ideally with the Company's active development plans for milling and refining capacity in Winnemucca , as it allows for the tailoring of the respective facilities for different ore types and processing methods, and optimizes the transportation logistics of varying ore and concentrate sources."
First Liberty Power will continue to use Pathways of Progress announcements to make public Company details and operational advancements. www.firstlibertypower.com
ABOUT FIRST LIBERTY POWER CORPORATION (OTC Pink: FLPC): First Liberty Power Corporation is a diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future. First Liberty Power's corporate philosophy is founded on a methodology designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advancements through open and transparent communication. First Liberty is focused on exploring and developing antimony and other strategic metal projects and properties.
www.firstlibertypower.com www.facebook.com/FirstLibertyPower https://twitter.com/FirstLibertyOTC
ABOUT CORONET METALS USA : Coronet Metals Inc. (TSXV:CRF, OTCQX:CORMF, FWB: 2CM) is a junior gold exploration and development company focused on building a substantial junior gold production and exploration company by acquiring advanced, near production, low cost assets with upside potential in the Americas and is well positioned to generate value for its shareholders. The Company is advancing the Liberty Precious Metals Testing in Nevada to production over the next year. Liberty commenced production in 2013 and is permitted to commercially process up to 50 tons per day of material to recover precious metals from feed materials such as mine ores and flotation/gravity concentrates. Liberty offers near-term cash flow and significant upside potential. It is located two hours north-west of Las Vegas, Nevada on 40 acres of private land. In February 2013 , Coronet entered into a 24-month Lease with the option to purchase the facility. http://www.coronetmetals.com/
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC .
CONTACT: For more information contact: Robert Reynolds (800)709-1196 ir@firstlibertypower.com Thomas Dean (646)396-9615 Murdock Capital Partners tdean@murdockcapital.com
Source: First Liberty Power Corporation