Vancouver, October 25, 2012 – First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce results for the first four of 27 resource definition holes completed during this year’s drilling campaign at the Decar nickel-iron alloy project in central British Columbia. One of the main objectives of the program was to test the lateral and deeper limits of higher grade zones by stepping out in the south-central and northwest areas of the Baptiste deposit, and extending the mineralization to an average vertical distance of 450 metres from surface. Highlights, reported in Davis Tube magnetically-recovered (“DTR”) nickel, include:
Vancouver, October 11, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to report that its 2012 regional mapping and sampling program has defined a promising, new nickel-iron alloy drill target at the 100%-owned Orca property in the Dease Lake area of northern British Columbia.
The target at Orca measures 1,400 by 750 metres as defined by 118 rock samples averaging 0.113% (or 1,133 ppm) nickel-in-alloy, 5.4% iron, occurring primarily as magnetite, and 0.2% chromium. The surface samples range in value from 0.06 to 0.21% (640 to 2,107 ppm) nickel-in-alloy and contain common-to-abundant, fine-to-coarse grains of disseminated nickel-iron alloy (awaruite) spanning from less than 50 to more than 300 microns (0.05 to 0.3 mm) in size. The dimensions of the mineralized zone are based on 50-metre spaced rock sampling where outcrop is accessible.
Vancouver, October 4, 2012 – First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to report that it has intersected a zone of nickel-iron alloy mineralization carrying encouraging grades in a first round of wide-spaced drilling at the 100%-owned Klow property in central British Columbia.
Five holes totalling 1,579 metres tested a 530-metre-long portion of the main target area where surface rock sampling had returned nickel-in-alloy values averaging 0.06% and ranging as high as 0.13% in individual samples.
Vancouver, October 2, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to report that it has completed a first pass of widely-spaced exploration drilling at the 100%-owned Wale nickel alloy property in northern British Columbia, in addition to collecting a 5-tonne surface bulk-sample for metallurgical testing and market studies.
The helicopter-supported drill program tested the 3.6-kilometre-long Eagle Target with 10 core holes totalling 2,764 metres. The objective of this initial drill campaign at Wale is to identify the potential for large zones of nickel-in-alloy mineralization on the property. The holes were drilled from six pads spaced 470 to 1,200 metres apart. The location of some drill holes on ridge lines and talus covered slopes were driven by local, rugged topography, which reaches a maximum elevation of 2,000 metres. A drill hole location map can be viewed at www.firstpointminerals.com.
Vancouver, September 29, 2012 — James Gilbert, President and Chief Executive Officer of First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce the appointment of Mr. Martin Turenne, Chartered Accountant, as the Company’s Chief Financial Officer, effective September 1, 2012.