New Point Exploration Provides Update For Moosehead Lake Properties

New Point Exploration Corp. (CSE:NP) has provided 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).

New Point Land Tenure-Moosehead Lake

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.

New Point Southern Tenure-026277M: Gold Soil Geochmistry (Au ppb)

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.

We seek Safe Harbor.

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Source: www.stockwatch.com