First Liberty Power Corp. (FLPC.OB) Provides Status Update on Lida Valley Lithium Prospect Phase Two Exploration

QualityStocks would like to highlight First Liberty Power Corp. (OTCBB: FLPC), a Nevada based mineral exploration company with a primary focus on lithium and vanadium exploration and development in the United States. The company is positioned to capitalize on the anticipated increase in demand for both lithium carbonate and vanadium that is projected to result from the adoption and use of clean renewable energy that will fuel demand for products that utilize lithium-ion batteries and vanadium redox batteries.

In the company’s news yesterday,

First Liberty Power reported the status of the second phase of the company’s exploration program at its Lida Valley Lithium prospect today.

The roughly 12.8k-acre Lida Valley prospect consists of some 84 place claims and is ideally located in Nevada’s Esmeralda County, where immediate access to strategic infrastructure ensures that future productivity will go swimmingly.

A controlled source audio CSAMT/MT (magnetotellurics/magentotellurics) survey will be utilized in the second phase (slated to begin in Feb. 2011) and the data which is generated allows for the identification of conductive zones, a major indicator of lithium-rich brines.

This is an excellent follow-up methodology coming out of the first phase, which consisted of a two part gravity survey last summer that offers a clear picture of multiple areas of increased/decreased bedrock elevation, primary structures for brine concentrations.

President and CEO of FLPC, Don Nicholson, stated that definitive scheduling of the CSAMT/MT survey was the first step in his mandate to “quickly implement the next phases of exploration”, explaining that the results would be crucial for defining the potential scope of the claims and the next phases of exploration.

Nicholson sees this as another huge opportunity for the Company and its shareholders to secure additional territory in the run up to unprecedented domestic and global demand for both lithium and vanadium.

Sitting on top of prime acreage in the Saudi Arabia of lithium (Nevada), with substantial vanadium/uranium interests under its belt, FLPC is in an amazingly good position to exploit today’s massive requirements from energy and industry, which will surely increase rapidly.

Nicholson hailed the strong future of FLPC, underwritten by surging global demand for clean/renewable energy inputs, currently realized in products ranging from consumer-grade to industrial/automotive lithium-ion and vanadium redox batteries.

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