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Re: News Releases - Wednesday, January 13, 2010
First Point Doubles the Size of Baptiste Target at the Decar
Nickel Alloy Property, Central BC
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This news release, required by applicable Canadian laws, is not for
distribution to U.S. newswire services or for dissemination in the U.S
First Point Minerals has more than doubled the size of the Baptiste
Target on the Decar property in Central BC as a result of the 2009
field work. This target now measures 1,750 meters long by 800 to 1,300
meters wide. About 50% of this area is covered by overburden which
masks the southern boundary of the Target. The current size of the
Baptiste Target together with the adjacent Sidney target can be viewed
on the First Point's web site at:
http://www.firstpointminerals.com/s/Photos2.asp?ReportID=380475
where it is compared to the 2008 target size. The northwest end of the
Baptiste Target is open and requires additional mapping and sampling
which will be undertaken later this year to define additional
extensions of the mineralization.
The widely disseminated coarse nickel-iron alloy grains at the Baptiste
Target range in size from 100 microns to over 400 microns (or 0.1 mm to
over 0.4 millimeters). The nickel-iron alloy grains average 75%
nickel, 23% iron, minor amounts of cobalt and copper and contain no
sulphur. They are strongly magnetic, very heavy and malleable, and
these characteristics could provide a relatively simple mechanical
separation process to recover the alloy in a form that can be sold
directly to steel mills.
A helicopter supported airborne magnetic survey is anticipated to cover
most of the Decar Property in the next few months. Grid controlled
induced polarization, ground magnetic and detailed mapping and sampling
on the Baptiste and Sidney Targets will be completed following spring
breakup. The results of this work will help to design a drill program
in the best areas of the Targets by testing the continuity, grain size
and grade of the nickel-iron alloy mineralization and to provide
samples for more extensive metallurgical tests.
As previously announced in November 2009, First Point entered into an
option/joint venture agreement with Cliffs Natural Resources
Exploration Inc. ("Cliffs"), a wholly-owned subsidiary of Cliffs
Natural Resources Inc. (see Press Releases November 13 and December 2,
2009). Cliffs operates eight iron ore mines in North America and
Australia and has extensive operating experience with large scale
magnetic and gravity processing at these mines. Both these processes
are directly applicable to recovery of the strongly magnetic and dense
nickel-iron alloy mineral at First Point's Decar Property. The program
on the Decar Property summarized above will be funded by Cliffs and
managed by First Point.
Ron Britten, Ph.D., P.Eng., is responsible for the contents of this
release.
First Point Minerals Corp is a Canadian base and precious metal
exploration company focused on the Americas. For more information,
please view the Company's website at 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 - 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 Wed Jan 13, 2010 at 2:47:20 PM Pacific Time
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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. |