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Re: News Releases - Wednesday, May 28, 2008
*First Point Announces Results of 24.3 g/t Gold over 1.8 meters
at the Noria Target on the Corralitos Property, Mexico*
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First Point Minerals Corp. ("First Point") is pleased to announce
results from recent underground channel sampling at the Noria Target at
the Corralitos Property, Mexico which returned 24.3 grams/tonne (g/t)
gold over 1.8 meters estimated true width.
The Noria Target is the western most known mineralization within the
large Corralitos property and consists of 3 mineralized structures.
Structures A and C consist of strong silicification and zones of iron
oxide mineralization whereas Structure B contains both calcite and
quartz fillings. All three structures are hosted in limestone. Where
noted, the widths reported in the table below are estimated true
widths.
An historic vertical shaft and tunnel driven by local miners in the
early 1900's had been excavated on the silicified zone on the west
margin of Structure C. Four new channel samples from Structure C were
taken in the underground workings over 26 meters of strike length with
results as shown in the table below. Channel sampling about one meter
below the lip of the vertical shaft returned 24.8 g/t gold over 1.8
meters across the silicified zone which spans the total width of the
shaft. A further three channel samples were taken 8 meters below the
lip of the shaft in an adit driven along the structure, one of which
carried 7.0 g/t gold over 3.8 meters the full width of the adit. Dump
material around this historic opening has returned values from 10.3 to
13.9 g/t gold from grab samples taken by First Point.
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Width Gold Silver
Noria Target Site (Meters) (g/t) (g/t) True Width
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Structure A Trench(i) 5.6 5.7 7 estimated true
width
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Trench(i) 2.4 5.8 16 estimated true
width
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Trench(i) 1.5 17.0 1 estimated true
width
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Structure B Trench(i) 3 10.7 5 estimated true
width
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Structure C Trench(i) 9.2 3.7 17 estimated true
width
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Underground 1.8 24.8 4 estimated true
width
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Underground 3.8 7.0 4 estimated true
width
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Underground 0.9 14.1 43 unknown
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Underground 1.5 4.1 4 unknown
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(*) Previously released results
The Noria targets are iron-oxide, silica-altered zones and exhibit
"Carlin" type characteristics. Limestone has been intensely
silicified, iron oxide stained and correlates with strong multi-element
geochemical anomalies including arsenic, antimony and mercury. These
targets range up to 200 meters in strike length and up to 9.2 meters
wide. An induced polarized geophysical survey is anticipated being
carried out to explore for southwest extensions of the zones, which are
covered by overburden, and for deeper extensions of the targets prior
to drill testing in the next 6 months.
The Candelaria target area at Corralitos is located 3 kilometers east
of the Noria target area. Candelaria veins range from 100 to 1,200
meters in strike length and 12 of the 15 veins are marked by old
workings (shafts, adits and stopes). Results of rock channel samples
from the Candelaria veins' underground workings are expected shortly.
First Point has commenced this season's field work on its nickel
properties. This work will focus on the 3 most promising targets, the
Joe Nickel property in the USA and the Shulaps and Decar properties,
both in B.C.
First Point holds the Corralitos Property under option from Teck
Cominco Limited's Mexican subsidiary, Minera Teck Cominco, S.A. de C.V.
"MTC". The Corralitos Property exploration work was supervised by Ron
Britten, P.Eng. All samples were submitted to International Plasma
Labs Ltd. (IPL) preparation lab in Hermosillo, Mexico and ICP-MS
analytical work was completed at IPL Richmond, BC.
First Point is a Canadian precious and base metal exploration company
focused on the Americas. For more information, please view: or phone
Peter M.D. 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
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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 Wed May 28, 2008 at 10:55:26 AM Pacific Time
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