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Re: News Releases - Monday, February 11, 2008
First Point Acquires Significant New Nickel Property
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First Point Minerals Corp. (FPX: TSX: V) has acquired by staking the
Joe Nickel property in Oregon State, USA. This property has widespread
"nugget" sized to fine grained nickel-iron alloys and adds to First
Point's expanding work to explore for another large bulk tonnage nickel
deposit.
Joe Nickel property covers a specific part of an ultramafic complex in
the western Cordillera of the USA. Up to two centimeter sized
fragments and clots of nickel-iron alloys in bedrock and similar
sized alluvial material or "nuggets" in creeks that drain the
property are widely dispersed on the property. Photos of the
nickel-iron alloy nuggets can be seen on First Point's updated website
..Widespread finer grained nickel-iron alloys have been identified by
petrographic and scanning electron microscope (SEM) work. The
nickel-iron alloy is very strongly magnetic, contains about 75% nickel
and could allow for efficient magnetic separation of the mineral into a
high grade nickel concentrate.
The next phase of work on the Joe Nickel property will involve
systematic mapping, rock sampling and analyses together with ongoing
petrographic and SEM examination to confirm the grade and
characteristics of the nickel-iron alloys. The recovery of the alloys
from these samples will be tested through both magnetic separation and
leaching methods.
As announced earlier First Point's other 4 nickel properties are
located in British Columbia, Canada. Detailed testing on bedrock
samples from these properties is ongoing and the results will be
released as they are completed.
Peter Bradshaw, P. Eng., is responsible for the content of this news
release.
First Point is a Canadian precious and base metal exploration company
focused on the Americas. For more information, please view the nickel
projects and precious metal projects in Central America in the updated
site www.firstpointminerals.com or phone Peter Bradshaw, President and
CEO, or Ron Britten, Vice-President of Exploration, at (604) 681-8600.
FIRST POINT MINERALS CORP.
"Peter M.D. Bradshaw"
Peter M.D. Bradshaw, President
The TSX Venture Exchange has not reviewed, nor accepts responsibility
for the adequacy or accuracy of this news release.
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Copyright (c) 2008 FIRST POINT MINERALS CORP. (FPX) All rights
reserved. For more information visit our website at
http://www.firstpointminerals.com/ or send
mailto:info@firstpointminerals.com
Message sent on Mon Feb 11, 2008 at 8:57:05 AM Pacific Time
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