First Point Minerals Announces Promising New Nickel-Iron Alloy Target

First Point Minerals Corp. (TSXV:FPX) announced its 2012 regional mapping and sampling program has defined a promising new nickel-iron alloy drill target at the Orca property.

As quoted in the press release:

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.

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