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Re: News Releases - Thursday, July 08, 2010
First Point Commences Drilling on the Corralitos Gold Property
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First Point Minerals Corp. (FPX-TSX.V) ("First Point" or the "Company")
is pleased to announce that it has commenced diamond drilling at its
Corallitos Gold property in Chihuahua State, Mexico. First Point plans
to drill 12 holes and a minimum of 1,200 metres within the project's
Noria target area located west of the historic San Pedro Corralitos
mining camp.
Preliminary exploration work by First Point at Corralitos, a carbonate
hosted gold-silver-lead-zinc (Au-Ag-Pb-Zn) property with significant
historic production, has included mapping, soil and rock sampling that
includes the sizeable old workings, pits and trenches. The current
drill programme has been developed to follow-up on encouraging results
from the preliminary exploration work and will test several targets,
including 5.7 g/t Au (grams per tonne gold) over 5.6 meters, 17.2 g/t
Au over 1.5 meter and 3.7 g/t Au over 9.6 meters (refer to news
releases dated Sept 24, 2007, March 25, 2008 and May 28, 2008).
First Point's VP Exploration, Dr. Ron Britten, recently visited the
property to finalize arrangements and staffing to commence the drill
programme. Says Dr. Britten, "The Noria target exhibits excellent
Carlin gold type characteristics including strong silicification, iron
oxide bearing gold, and strong Carlin type indicator elements hosted in
carbonates. This first-ever drill program could indicate an exciting
upside potential of this gold mineralized zone, and if the results are
positive, the drill program will be expanded."
Landdrill International Mexico, based out of Hermosillo, Mexico, has
been contracted to complete the drill program. Core samples will be
sent to ALS Laboratory Group ("ALS"), Chihuahua, Mexico for core
preparation and later analyzed by ALS in Vancouver, Canada.
"While First Point's primary initiatives focus on expanding its
nickel-iron alloy prospects, the Corralitos property provides the
Company with good secondary exposure to the gold sector," said Dr.
Peter Bradshaw, President and CEO of First Point. "We are quite
excited at the prospects of this drilling program and the value it
could bring to our shareholders."
The Corralitos property is under option from Teck Resources Limited's
Mexican subsidiary, Minera Teck S.A. de C.V. (refer to First Point news
releases dated May 29, 2007, and July 8, 2009 for details of the option
agreement).
About First Point
First Point Minerals Corp. is a Canadian base and precious metal
exploration company. The Company's flagship Decar property hosts
naturally formed nickel-iron alloy mineralization that is the subject
of an exploration program being financed by Cliffs Natural Resources
Exploration Canada Inc., a wholly-owned subsidiary of Cliffs Natural
Resources Inc. (NYSE: CLF) (Paris: CLF), an international mining and
natural resources company. For more information, please view the
Company's website at www.firstpointminerals.com or phone Brian
Soregaroli, Vice-President of Corporate Development, or Peter Bradshaw,
President and CEO, at (604) 681-8600.
On behalf of First Point Minerals Corp.
"Peter Bradshaw"
Peter Bradshaw, Ph.D., P.Eng., President & CEO
TSX Venture Exchange: FPX
Suite 906 - 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604.681.8600 Fax: 604.681.8799
e-mail: firstpoint@firstpointminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
accepts
responsibility for the adequacy or accuracy of this release.
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Copyright (c) 2010 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 Thu Jul 8, 2010 at 11:56:12 AM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : FPX.T |
ISIN : CA3359371083 |
CUSIP : 335937108 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
First Point Min. est une société d’exploration minière d'or et d'argent basée au Canada. First Point Min. détient divers projets d'exploration au Honduras. Ses principaux projets en exploration sont CORRALITOS au Mexique, DECAR et JOE au Canada et TULE et CAMPORO au Honduras. |