First Point Minerals Discovers Nickel-Iron Alloy Mineralization in Yukon

First Point Minerals Corp. (TSXV:FPX) announced it has staked the Mich property after discovering a large zone of nickel-iron alloy mineralization.

As quoted in the press release:

The newly defined zone at Mich exhibits disseminated coarse-grained nickel-iron alloy ranging up to 200 to 500 microns in size. First Point believes surface sample assay results that are greater than 500 ppm nickel-in-alloy, and coarse nickel-iron alloy grains that are larger than 200 microns in size, are both useful and positive tools to evaluate early-stage exploration prospects.

First Point’s Vice President of Exploration, Ron Bitten said:

Based on very promising results from a first pass of sampling, we have staked the Mich property in the Yukon as part of our $2 million budgeted worldwide search for new nickel-iron alloy targets in 2011. The Yukon discovery is the result of a very aggressive exploration campaign that is currently targeting eight different countries.

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