First Point Minerals Corp. (TSXV:FPX) intersected nickel-iron alloy mineralization with encouraging grades in a first round of wide-spaced drilling at the 100%-owned Klow property in central British Columbia.

As quoted in the press release:

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.

The drilling suggests the nickel-iron alloy mineralization is increasing in grade proceeding to the north. The northernmost hole, DH-4, is the best of the five holes, intersecting 316 metres averaging 0.1% nickel-in-alloy from beneath 10 metres of overburden to 326 metres down-hole, ending in mineralization. Hole 4 was aimed to the northeast along a 060 degree azimuth at a minus 50 degree angle.

Click here to read the First Point Minerals (TSXV:FPX) press release