Liberty Mines has entered into a binding term sheet with QMX Gold Corporation to acquire the Snow Lake gold project.  The company says the completion of this transaction will position Liberty Mines as a near term gold producer with two fully permitted mills located in two leading Canadian gold camps.

The Snow Lake property’s assets include the New Britannia Mine with associated plant, infrastructure, and equipment including a fully permitted 2150 tonne per day modern mill and tailings facility. The property consists of approximately 104 square kilometers of mineral claims and leases containing over ten known mineralize zones three of which are historic production sites.

Liberty Mines also owns the only nickel concentrator in the Shaw Dome area, a prospective nickel belt region near Timmons, Ontario as well as two former producing nickel mines and a prospective land package near Timmons.