First Point Minerals Corp announced the second batch of results for 15 of the 27 resource definition holes completed during this year's drilling campaign at the Decar nickel-iron alloy project in central British Columbia. The Decar project is in the Preliminary Economic Assessment phase, and is managed and operated by Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. Highlights, as reported in Davis Tube magnetically-recovered nickel, include:
South-Central Area
12BAP-37 495m of 0.147% DTR nickel
12BAP-39 553m of 0.153% DTR nickel
12BAP-43 508m of 0.151% DTR nickel
12BAP-44 320m of 0.153% DTR nickel
12BAP-46 487m of 0.150% DTR nickel
12BAP-55 456m of 0.158% DTR nickel
Northwestern Area
12BAP-45 466m of 0.143% DTR nickel
12BAP-47 442m of 0.145% DTR nickel
The 2012 results reported to date have significantly expanded a near surface, higher-grade zone in the south-central area of the Baptiste deposit by extending the nickel-iron alloy mineralization a further 380 metres to the southeast. Long intercepts of DTR nickel averaging from 0.147% to 0.158% across down-hole lengths of 320 to 563 metres indicate a very continuous higher-grade zone of mineralization.
The 2012 drill holes, together with 2010 holes 1 and 7, plus 2011 holes 1, 5 and 7, define a higher-grade zone measuring 650 metres long in an east-west direction and from 315 metres wide on the west side expanding to 625 metres wide on the east side. The deeper drilling has confirmed the nickel-iron alloy mineralization extends vertically to at least 460 metres depth.
During the 2012 drill program at Decar, the Baptiste zone was tested with 27 resource definition core holes totalling 15,205 metres. Fifteen of the holes reached a targeted down-hole length of 600 metres, which is double the depth of all previous drilling with the exception of a single deep hole drilled in 2011 that extended the nickel-iron alloy mineralization to at least 430 metres vertically. In addition, eight holes comprising 1,473 metres of core were completed as part of a hydrological drilling program. Four of the hydrological holes were drilled in the mineralized zone and were tested for DTR nickel. Assay results remain pending for eight resource definition holes and two hydrological holes of the 2012 program.
