=======================================================================
Re: News Releases - Tuesday, August 03, 2010
Drilling Commences on First Point's Decar Nickel-Iron Alloy
Property
=======================================================================
First Point Minerals Corp. (FPX-TSX.V) ("First Point" or the "Company")
is pleased to announce that the first diamond drilling program at its
Decar Nickel-Iron Alloy property in British Columbia, Canada has
commenced. Six to eight holes and a minimum of 2,000 metres are to be
drilled within the project's Baptiste and Sydney target areas in this
initial drilling campaign.
The diamond drill was mobilized earlier in the month and commenced
drilling on July 19, 2010. The target depth for each hole is
approximately 300 metres.
"We are excited to have the first drill turning at the Decar property,"
said Dr. Peter Bradshaw, President & CEO of First Point. "We are
looking forward to seeing the core and to assessing the extent of
nickel-iron alloy mineralization at depth."
Core samples from the drilling program will be sent to various
accredited laboratories for physical and chemical analysis in support
of defining the nature and extent of the nickel-iron alloy
mineralization at the Decar property. Core samples will also be sent
to Cliffs Natural Resources Exploration Inc. ("Cliffs") for detailed
metallurgical test work.
The fieldwork is being undertaken by First Point under a services
agreement with Cliffs. Cliffs can earn an initial 51% interest in a
joint venture on the Decar property by spending US$4.5million on the
property in four years, of which US$1million is a firm commitment in
this first year. For further details of the agreement, please refer to
First Point news releases dated November 13, 2009, and December 2,
2009.
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
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.
=======================================================================
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 Tue Aug 3, 2010 at 9:28:38 AM Pacific Time
=======================================================================
.
|
First Point Minerals Corp
|
|
EXPLORATEUR |
CODE : FPX.T |
ISIN : CA3359371083 |
CUSIP : 335937108 |
| |
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. |