Click here to close now.


Microsoft Cloud Authors: Jayaram Krishnaswamy, Elizabeth White, Andreas Grabner, Jim Kaskade, Pat Romanski

News Feed Item

First Point Minerals Drills 261 Metres of 0.126% Nickel-in-Alloy at Wale Property

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/17/12 -- First Point Minerals Corp. (TSX:FPX) ("First Point" or the "Company") is pleased to announce that it has encountered extensive nickel-iron alloy mineralization carrying promising grades during a first pass of wide-spaced exploration drilling at the 100%-owned Wale property in northern British Columbia. Highlights include:

12DH-01 162m of 0.137% nickel-in-alloy(see note)                            
12DH-04 393m of 0.089% "                                                    
  including 141m of 0.111% "                                                
12DH-06 261m of 0.126% "                                                    
12DH-09 265m of 0.083% "                                                    
  including 54m of 0.142% "                                                 
12DH-10 140m of 0.100% "                                                    

Note: Nickel-in-alloy assays were done using the partial extraction analytical method (see explanation below).

The drill results indicate the underlying ultramafic package of rocks hosts widespread, disseminated, fine to coarse grained nickel-iron alloy carrying grades better than 0.05% nickel-in-alloy. The tops of hole DH-1 and DH-2, and portions of holes DH-4, DH-5, DH-6, DH-9 and DH-10, encountered nickel-in-alloy grades exceeding 0.1%, and as high as 0.142%, over lengths ranging from 31 to 262 metres.

"A large zone of nickel-iron alloy mineralization discovered and outlined in 2011 was successfully confirmed in long intersections of nickel-in-alloy in the 2012 drill program," said First Point's Vice-President of Exploration Dr. Ron Britten. "These drill results, coupled with surface rock sampling results from the adjoining Orca property and the newly defined Garth's Knob target in the southeastern portion of the Wale property, indicate a semi-continuous zone of mineralization that extends over a 14.5-kilometre strike length. There is excellent exploration potential along this camp-scale trend to build on and expand the higher-grade 0.1% nickel-in-alloy mineralization during 2013."

The first round of drilling tested a 3.6-kilometre-long portion of the northwest-southeast trending Eagle target with 10 core holes totalling 2,764 metres. The holes were drilled from six sections spaced 460 to 1,220 metres apart. The location of some drill holes on ridge lines and talus covered slopes was driven by local, rugged topography, which reaches a maximum elevation of 2,020 metres. A drill hole location map can be viewed at A summary of the Wale drill results is presented below in Table 1.

Table 1. Wale 2012 Drill Hole Results

                  End of                                                    
Hole        Cover   Hole                      Nickel-In-Alloy               
#             (m)    (m)     Intersections (m)            (%)               
                          From    To Intercept                      Comments
12DH-01(i)                                                     Excludes 2.7,
                                                               4.8, 5.1, 7.9
              3.1  303.0   3.1 188.0     161.8          0.137   & 2.6m dykes
and                      188.0 303.0     115.0          0.049               
12DH-02(i)    4.6  340.8   4.6  35.3      30.8          0.111               
and                                                           Excludes 2.9 &
                          35.4 340.8     296.9          0.075     5.4m dykes
12DH-03                                                        Excludes 2.5,
                                                                  2.3, 2.6 &
              3.1  306.9   3.1 306.9     294.2          0.053     2.3m dykes
12DH-04                                                          Excludes 4m
              3.1  407.5   3.1 258.9     251.8          0.077           dyke
and(i)                                                          Excludes 3 &
                         258.9 407.5     140.8          0.111     4.8m dykes
12DH-05                                                        Excludes 3.6,
                                                               4, 10.5, 2.4,
              6.1  361.9   6.1 255.1     223.1          0.061 2 & 3.3m dykes
and                      255.1 361.9     106.8          0.104               
12DH-06       4.3  300.2   4.3 300.2     260.7          0.126               
including                                                        Excludes 4m
                           4.3  69.0      60.7          0.086           dyke
including(i)                                                   Excludes 2.3,
                                                                  3.1 & 6.6m
                          69.0 210.5     129.5          0.137          dykes
including                                                      Excludes 3.7,
                                                              2, 6, 3, 2.1 &
                         210.5 300.2      70.6          0.090     2.3m dykes
12DH-07                                                       Hole abandoned
                                                                  due to bad
              2.6  108.8   2.6 108.8     106.2          0.083         ground
12DH-08                                                         Enters iron-
                                                               alteration at
             12.9  178.9  12.9  46.0      27.0          0.099            46m
12DH-09      31.0  303.0  31.0 140.0     109.0          0.060               
and(i)                   140.0 194.0      54.0          0.142               
and                                                            Excludes 7.4m
                         194.0 303.0     101.6          0.077           dyke
12DH-10                                                       Excludes 3.3 &
              3.5  152.4   3.5 152.4     140.2          0.100     5.4m dykes

(i)The reported nickel-in-alloy grades are based on a threshold of 0.10%.

A large northwest-southeast trending zone of nickel-iron alloy mineralization was first discovered at Wale in 2011 during a regional exploration program, and mapped in greater detail early in the 2012 field season. The Eagle target measures roughly 4.1 kilometres long and from 300 to 1,060 metres wide, as defined by 532 surface rock samples. It is characterized by disseminated nickel-iron alloy grains measuring from less than 50 to over 300 microns in size. A total of 196 rock samples from the Eagle target yielded values greater than 0.1% nickel-in-alloy.

The 10 holes of the 2012 program, which tested a 3.6-kilometre-long portion of the Eagle target area, were drilled either in a northeasterly direction at 010 degrees azimuth, or to the southwest at 190 degrees azimuth, at a minus 50-degree angle. The holes ranged from 109 to 409 metres in length. The nickel-iron alloy mineralization known as awaruite is hosted in moderately to strongly serpentinized peridotite and lesser dunite ultramafic rock. The target area is cut by numerous, non-mineralized felsic dykes, altered dykes and micro-gabbro dykes, which range from less than 1 to 10.5 metres in down-hole length. The core was sampled and analyzed at 3-metre wide intervals. Dykes less than 1-metre thick were included in the samples, whereas dykes wider than 1 metre are listed in Table 1 and are excluded from the mineralized intercepts.

Holes DH-1 and DH-2 were positioned on a ridge crest at an elevation of 1,930 metres in the southeastern part of the Eagle target. Aimed to the northeast, hole DH-1 intersected 161.8 metres averaging 0.137% nickel-in-alloy under 3 metres of cover, followed by 115 metres of below-grade 0.049% nickel-in-alloy deeper in the hole.

Hole DH-2 was drilled from the same pad as hole 1 but oriented to the southwest. It intersected 30.8 metres of 0.111% nickel-in-alloy at the very top of the hole, followed by 269.6 metres averaging 0.075% nickel-in-alloy. Together, these two holes indicate the near-surface, higher-grade zone at this location is at least 145 metres wide measured horizontally and averages 0.133% nickel-in-alloy.

Stepping out 1,220 metres along trend, the south easternmost hole, DH-6, is one of the better holes, intersecting some of the higher values of the drill program. It was collared in the flats at the bottom of the ridge, some 340 metres lower in elevation than holes 1 and 2, in a poorly exposed area masked by glacial debris. Hole 6 averaged 260.7 metres of 0.126% nickel-in-alloy over its entire length, excluding 10 un-mineralized dykes. The central portion of the hole returned 0.137% nickel-in-alloy across 129.5 metres.

The exploration potential around hole 6 is significant. It is open in all directions, particularly to the southeast where mapping and sampling in 2011 and 2012 have defined the Garth Knob's target. Hole 6 is in the northwest end of Garth's Knob, which measures 1,920 metres long and 350 to 950 metres wide as defined by 67 surface rock samples ranging in value from 0.062 to 0.216% nickel-in-alloy, for an average of 0.129%.

Hole DH-4, located 630 metres northwest of holes 1 and 2 along one of the ridge's highest points at 2,020 metres elevation, intersected 251.8 metres averaging 0.077% nickel-in-alloy, followed by 140.8 metres of 0.111% nickel-in-alloy in the lower part of the hole.

Holes DH-3, DH-5 and DH-10 were drilled on the same section some 590 metres away from hole 4 along trend to the northwest at an elevation of 1,830 metres. Aimed in a northeasterly direction, hole 3 cut 294.2 metres averaging 0.053% nickel-in-alloy. Hole 5 was oriented in the opposite direction to the southwest and encountered 223.1 metres averaging 0.061% nickel-in-alloy, followed by 106.8 metres grading 0.104% nickel-in-alloy in the bottom part of the hole. Hole 10, collared 240 metres southwest of hole 5, intersected 0.10% nickel-in-alloy averaged across its entire length of 140.2 metres, excluding 3.3- and 5.4-metre wide un-mineralized dykes.

Stepping out a further 660 metres along the mineralized trend to the northwest at a 1,770-metre elevation, Hole DH-7 cut 106.2 metres of 0.083% nickel-in-alloy before being abandoned due to poor ground conditions.

Holes DH-8 and DH-9, the north westernmost holes, were drilled from the same pad a further 460 metres northwest of hole 7 at an elevation of 1,560 metres. Oriented in a southwesterly direction, hole 8 intersected 27 metres of 0.099% nickel-in-alloy at the very top of the hole before encountering a wide zone of weakly mineralized iron-carbonate alteration to the bottom of the hole, which ended at 179 metres depth. Hole 9, aimed in the opposite direction to the northeast, cut 264.6 metres averaging 0.083% nickel-in-alloy, including a 54-metre-long interval grading 0.142% nickel-in-alloy in the centre of the hole.


The nearby 100%-owned Orca target (as disclosed in First Point's October 11, 2012 news release) is located 6.8 kilometres northwest of Wale holes DH-8 and DH-9, along the projected mineralized trend. The target at Orca measures 1,400 by 750 metres as defined by 118 rock samples averaging 0.113% nickel-in-alloy. The immediate area between Orca and these two Wale drill holes offers significant exploration potential, but has not been effectively explored to date due to limited bedrock exposure. The Orca-Wale-Garth's Knob trend measures a total 14.5 kilometres in length.

A comprehensive mapping and sampling program will target the Orca-Wale-Garth's Knob district in 2013, followed by a later phase of exploration drilling.

Polar Option

Pursuant to a property option agreement, First Point has the exclusive and irrevocable option ("Option") to acquire a 100% beneficial interest in certain mineral claims totalling 438 hectares that adjoin the Company's Wale property, excluding the minerals jadeite and nephrite. In order to exercise the Option, First Point must incur annual exploration expenditures over a five-year period of not less than $100,000 on the optioned mineral claims, to an aggregate of $500,000 of such expenditures. The optioner has retained a royalty interest equal to 0.1% of the net value of all mineral products produced from the optioned mineral claims. In addition, if First Point's Board of Directors announces that the financing to place the Wale project into commercial production has been arranged, First Point shall make a one-time payment of $1 million to the optioner.

The Wale property is located 45 kilometres east of Dease Lake, a town on the Stewart-Cassiar Highway 37, and covers 119 square kilometres in the Stikine Ranges of northern B.C. Access to the property is by helicopter, directly from Dease Lake, and by a rough mining road and trails using all-wheel drive, heavy duty utility vehicles, which service the nearby jade and placer gold mining operations active in the area.

Sampling and Analytical Method

The 2012 HQ-sized drill core was sawn in half and sampled at 3-metre-long intervals and delivered to Acme Analytical Laboratories Ltd. ("Acme") preparation lab in Smithers, B.C. The sample pulps were then sent to Acme's ISO Certified Laboratory facility in Vancouver for nickel-in-alloy and total nickel analysis. Nickel-in-alloy was analysed using a partial extraction analytical method that selectively dissolves nickel present as nickel-iron alloy and does not extract the nickel present within rock forming silicate minerals. Following independent studies, including the development of certified standards to monitor accuracy, this partial extraction analytical method was commercially certified by Dr. Barry Smee of Smee & Associates Consulting Ltd. for the exclusive use of First Point. Total nickel was assayed by Acme using a four acid digestion and an ICP-MS finish, which determines the total nickel present, in both nickel-iron alloy and silicate form, as well as iron and chromium. Standards, blanks and duplicates are inserted in the batches to provide quality control.

Dr. Ron Britten, P. Eng., First Point's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

About First Point

First Point Minerals Corp. is a Canadian base and precious metal exploration company operating worldwide. For more information, please view the Company's website at

On behalf of First Point Minerals Corp.

Jim Gilbert, President and CEO

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in high-performance, high-efficiency server, storage technology and green computing, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermi...
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete end-to-end walkthrough of the analysis from start to finish. Participants will also be given the pract...
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing these ideas and some early experiments performed in the Kurento open source software community in areas ...
Electric power utilities face relentless pressure on their financial performance, and reducing distribution grid losses is one of the last untapped opportunities to meet their business goals. Combining IoT-enabled sensors and cloud-based data analytics, utilities now are able to find, quantify and reduce losses faster – and with a smaller IT footprint. Solutions exist using Internet-enabled sensors deployed temporarily at strategic locations within the distribution grid to measure actual line loads.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, will explore the current state of IoT connectivity and review key trends and technology requirements that will drive the Internet of Things from hype to reality.
There will be 20 billion IoT devices connected to the Internet soon. What if we could control these devices with our voice, mind, or gestures? What if we could teach these devices how to talk to each other? What if these devices could learn how to interact with us (and each other) to make our lives better? What if Jarvis was real? How can I gain these super powers? In his session at 17th Cloud Expo, Chris Matthieu, co-founder and CTO of Octoblu, will show you!
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, along with new ways to engage with users.
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
SYS-CON Events announced today that Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, will keynote at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
As a company adopts a DevOps approach to software development, what are key things that both the Dev and Ops side of the business must keep in mind to ensure effective continuous delivery? In his session at DevOps Summit, Mark Hydar, Head of DevOps, Ericsson TV Platforms, will share best practices and provide helpful tips for Ops teams to adopt an open line of communication with the development side of the house to ensure success between the two sides.
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context w...