* Sees further increase over Q4
* Shares jump almost 20 percent
Oct 1 (Reuters) - Liberty Mines Inc said its Redstone nickel mill processed 69 percent more tonnes sequentially and it sees a further increase over the next quarter, sending shares of the Canadian nickel producer up nearly 20 percent.
The company, which processed 95,587 tonnes at Redstone in the third quarter, said the Shaw Dome nickel belt in Ontario was under explored and that there was potential for more nickel discoveries.
Liberty, which appointed Peter Caldbick as Vice President Exploration, also operates the McWatters nickel mine and the Hart nickel property in the Shaw Dome area.
Shares of the Edmonton, Alberta-based company were up nearly 20 percent at 21.5 Canadian cents Friday morning on the Toronto Stock Exchange.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Jarshad Kakkrakandy) Keywords: LIBERTYMINES/ (firstname.lastname@example.org; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: email@example.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.