Liberty intersects 2.05% Ni over 11.45m at the Hart Project



    TSX: LBE

    EDMONTON, Jan. 15 /CNW/ - Liberty Mines Inc. ("Liberty or the
Corporation") is pleased to announce that diamond drilling at the Hart Nickel
Project has intersected 11.45 meters averaging 2.05% Ni in hole H-07-45. This
zone is part of a larger mineralized intersection spanning 25.55 meters of
drill core with a weighted average of 1.19% Ni. Additionally, H-07-50
intersected a 26.20 meter zone averaging 0.51% Ni, that includes two massive
to semi-massive intervals of 2.70 and 2.45 meters that averaged 1.09 and
1.47% Ni, respectively. Both these holes intersected the main sulphide pool
described in previous releases, with the latter intersecting the zone at a
depth of 425 meters, indicating that the large mineralized zone continues at
depth.
    H-07-44 and H-07-46 intersected a mineralized horizon approximately
350 meters east of the main zone at depths of 200 and 275m below surface
respectively. Although it will take more drilling to determine if the zones
encountered are part of the large accumulations intersected in holes such as
H-07-45, the high grades certainly demonstrate the potential for additional
mineralization in more distal locations within the same komatiitic flow. The
flow has been mapped over a strike length of over 2 kilometers, representing a
large, prospective target.
    The core lengths presented in the table are the intersected core lengths,
and the composite lengths are core weighted.

    
    -------------------------------------------------------------------------
    Hole Number      From (m)         To (m)        Interval (m)        Ni%
    -------------------------------------------------------------------------
    H-07-44           257.00          259.20            2.20            0.60
    -------------------------------------------------------------------------
    H-07-45           363.90          389.45           25.55            1.19
    -------------------------------------------------------------------------
    Including                                          11.45            2.05
    -------------------------------------------------------------------------
    H-07-46           183.50          183.70            0.20            5.47
    -------------------------------------------------------------------------
    H-07-49           248.00          256.00            8.00            0.27
    -------------------------------------------------------------------------
    Including                                           0.10            1.35
    -------------------------------------------------------------------------
    H-07-50           426.00          452.20           26.20            0.51
    -------------------------------------------------------------------------
    Including                                           2.70            1.09
    -------------------------------------------------------------------------
    And                                                 2.45            1.47
    -------------------------------------------------------------------------


                             Borehole Coordinates

    -------------------------------------------------------------------------
    Hole Number           Collar Coordinates              Azimuth        Dip
                   ---------------------------------
                   Easting     Northing    Elevation
    -------------------------------------------------------------------------
    H-07-44         2900         3920         2292          360          -70
    -------------------------------------------------------------------------
    H-07-45         2500         3800         2300          355          -63
    -------------------------------------------------------------------------
    H-07-46         2900         3920         2292          360          -45
    -------------------------------------------------------------------------
    H-07-47         2650         3850         2297          350          -75
    -------------------------------------------------------------------------
    H-07-49         2575         3900       2302.8          360          -65
    -------------------------------------------------------------------------
    H-07-50         2525         3800       2300.6          355          -71
    -------------------------------------------------------------------------
    

    H-07-50 contains two massive to semi-massive sulphides zones that are
separated by an intrusive felsic dyke, similar in composition to that observed
in H-07-37. The size of the dyke appears to have substantially decreased in
the vicinity of H-07-50, increasing the potential for the large sulphide zone
to continue at depth. The orientation and full impact of this dyke is still
unknown but will be deciphered with future diamond drilling.
    H-07-47 and H-07-49 denote the eastern margins of the main horizon, with
the latter intersecting a narrow massive sulphide interval. H-07-47
intersected far enough to the east not to alter previously reported strike
lengths.
    "This is an incredibly encouraging group of results," said William
Randall, Liberty's Vice President of Exploration. "The significance of
H-07-45, in addition to its wide interval, is the confirmation of high grade
material within the main zone; while H-07-50 indicates the same zone is wide
open at depth. We are anxious to get the three drills turning again when the
men return from their Christmas break and training," 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.
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.





For further information:

For further information: Dr. Gary Nash, PhD (Physics), President & CEO,
Liberty Mines Inc., Phone (416) 238-9736, Fax (780) 437-7898, e-mail:
gnash@libertymines.com

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