New Point Exploration Corp. (CSE:NP / OTC:NPEZF / FSE:4NP) (“New Point” or the “Company”) is pleased to provide the following update for the Moosehead Lake Properties in Newfoundland. Timothy Henneberry – Mammoth Geological Ltd. was engaged to examine the properties for infrastructure, look at any outcrops and take some initial samples.
New Point Exploration Corp. (CSE:NP / OTC:NPEZF / FSE:4NP) (“New Point” or the “Company”) is pleased to provide the following update for the Moosehead Lake Properties in Newfoundland. Timothy Henneberry – Mammoth Geological Ltd. was engaged to examine the properties for infrastructure, look at any outcrops and take some initial samples. He also reviewed regional Long Wave InfraRed (LWIR).
Long Wave infraRed (LWIR) imagery for the two NP properties indicates anomalous quartz and chalcopyrite on the southern tenure. Both land tenures are underlain by forest and bog cover. Eighty nine soil samples were collected to search for any potential mineralization. Only one outcrop was noted.
On the northern block 29 auger samples were collected from 1.5 meter depths with two single point samples assaying 10ppb Au and 14ppb Au. On the southern block 50 surface soil samples were collected on three separate lines using 50 meter sample spacing from the southern block. Three adjacent samples on the southern, east-west trending line returned 19 ppb Au, 6 ppb Au, and 7 ppb Au from the west to the east. A single point sample returned 6 ppb Au.
Follow-up is planned pending further developments and improved understanding of the mineralization in the region.
About New Point Exploration Corp.
New Point (CSE: NP / OTC: NPEZF / FSE: 4NP) is engaged in the business of acquiring, exploring and developing mineral properties related to the growing battery industry. Focused on high grade, prospective properties in North America, New Point is building a portfolio that includes lithium, cobalt and copper projects in prospective, mining-friendly jurisdictions. New Point, A Next Generation Metals Company.
On Behalf of the Board of New Point Exploration Corp
Chief Financial Officer
310-221 West Esplanade
North Vancouver, BC
For further information, please contact:
P: (604) 318-0114
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties, which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.