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First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce that fieldexploration has begun at its 100%-owned Klow project in centralBritish Columbia in preparation for an 1,800-metre drillingcampaign that is expected to get underway towards the end of June.The Company's overall 2012 exploration program is budgeted at $3million and will also include 2,700 metres of drilling at the100%-held Wale project in northern B.C., as well as an ongoingglobal exploration search for new nickel-iron alloy targets. Using the Company's 49%-owned Decar nickel project in central B.C.as a geological model and seven years of exploration expertise torecognize and explore for nickel-iron alloy mineralization, FirstPoint has teams of geologists in place in prospective regions ofthe world to investigate the potential for this unique style ofmineralization. The Company is currently exploring in eightdifferent countries, including Canada, the U.S. and Australia. The advancement of Decar from a grassroots discovery through to amaiden mineral resource estimate in two years validates FirstPoint's exploration approach in identifying large-scale nickel-ironalloy targets. As reported in First Point's April 16, 2012 newsrelease, the Baptiste zone at Decar is estimated to contain aninferred 1.3 billion tonnes of Davis Tube-recoverable nickelgrading 0.113%, equivalent to almost 3 billion pounds nickel basedon a 0.06% cut-off grade. The drill permit is in place for Klow and the permit for Wale isimminent. A drill contract for a minimum of 4,500 metres has beensigned with B.C.-based DJ Drilling. Klow The Klow property totals 5,197 hectares in size and is located 120kilometres northwest of Fort St. James and 55 kilometres north ofthe Decar project. An all-season public road runs along the easternmargin of the property, linking the town of Fort St. James to thevillage of Takla Landing. An active CN rail line is located about12 kilometres west of the Klow property boundary. A portion of the Klow property consists of ultramafic rocks of theCache Creek terrain that have been episodically deformed andserpentinized to produce awaruite, a naturally occurringnickel-iron alloy. Field work in 2011 consisted of follow-upmapping and sampling around mineralized outcrop that is exposed onshallow-to-moderately dipping slopes. The 2011 work, which includedthe collection of 134 rock samples, delineated extensive surfacemineralization over an area measuring 1,500 by 1,000 metres. Mineralization consists of a central coarse-grained nickel-ironalloy target that is enveloped by a halo of finer-grainedmineralization to the north and south. The coarse-grained targetmeasures 1,000 metres long in a north-south direction and isinferred to be between 300 and 550 metres wide. It remains open tothe east where overburden masks the potential of the mineralizedbedrock. It carries nickel-iron alloy grains ranging from 100microns (or 0.1 mm) to greater than 400 microns (0.4 mm) in size.Nickel-in-alloy values range up to 1,274 parts per million ("ppm")(or 0.13%) and average 633 ppm (0.06%). First Point believes that surface sample assay results of greaterthan 500 ppm (0.05%) nickel-in-alloy and coarse alloy grain sizesof more than 100 microns (0.1 mm) are significant parameters toevaluate early-stage exploration prospects. For comparisonpurposes, the Baptiste zone at Decar was defined by surface samplesover an area measuring 1,750 metres long by 800 to 1,300 metreswide, with about half the area being covered by overburden andmasking the southern boundary. Work on the Klow property in 2012 will include a ground-basedmagnetic geophysical survey, along with further mapping andsampling, and a helicopter-supported diamond drilling program totest the mineralization. The proposed drill program will include aninitial six holes totalling 1,800 metres. The holes will bepositioned two per pad in a 060 and 240 directionat an angle of -50 degrees. The drill pads will be spaced 300metres apart. The objective of the program is to characterize anddefine the dimensions of the Klow target. If results areencouraging, the program may be expanded depending on thenickel-iron alloy mineralization observed in drill holes. Wale The Wale property is located 45 km east of Dease Lake (a town onthe Stewart-Cassiar Highway 37) and covers 11,904 hectares in theStikine Ranges of northern B.C. The southern portion of theproperty can be accessed from a rough mining road and by trails. A large zone of nickel-iron alloy mineralization was discoveredduring a preliminary regional exploration program in the summer of2011 in which about 50% of the property was explored. Thisnorthwest-trending zone measures roughly 3.1 kilometres in lengthand 670 to 1,060 metres wide. It is defined by 113 bedrock samplesthat have an average grade of 945 ppm (0.09%) nickel-in-alloy,based on a cut-off of 500 ppm (0.05%). Within this main major zone, two targets: Head and Eagle have beendefined based on elevated nickel-in-alloy results and coarser alloygrain sizes. The nickel-iron alloy mineralization is hosted in amoderately serpentinized, fine-grained ultramafic that is boundedby the major Nahlin and Eaglehead faults. The Head target, measuring 780 metres in length and up to 460metres in width, is located on the crest of a north-trending ridge.It is defined by 13 rock sample sites that returned grades in therange of 460 to 1,590 ppm (0.05 to 0.16%), for an average of 1,065ppm (0.11%) nickel-in-alloy. All of these samples contain coarsegrains of nickel-iron alloy, with a maximum size of between 200 and500 microns (0.2 and 0.5 mm). The Head target is open to thenorthwest and portions are open down slope to the west. The Eagle target is located on the flank of a northwest-trendingridge and measures 2.3 kilometres in length and varies from 120 to470 metres in width. It remains open to the west and northwest.Twenty-eight rock samples average 946 ppm (0.09%) nickel-in-alloywithin a range of 504 and 1,484 ppm (0.05 and 0.15%). All of thesesamples contain coarse nickel-iron alloy grains that measure from200 to 600 microns (0.2 to 0.6 mm) in size. First Point will continue to explore the remainder of the Waleproperty in 2012 and follow-up with detailed mapping and samplingin the south-central portion of the Wale property in preparation ofa proposed 2,700-metre helicopter-supported drilling program.Drilling is scheduled to get underway later this summer and willtest the continuity and depth of mineralization of the two targets. An aggressive exploration sampling program is also planned for thenewly acquired Orca property, which is contiguous with Wale to theeast. Orca was staked based on anomalous sample results generatedfrom regional work conducted in 2011. Mich Field activities are also scheduled to commence this month at theMich property in the Yukon. Exploration work will include a groundmagnetic survey and detailed surface sampling and mapping tofurther define drill targets. The Mich property was staked afterdiscovering a large zone of nickel-iron alloy mineralization duringthe 2011 summer's regional exploration program. The Mich property, owned 100% by First Point and totaling 1,150hectares in size, is located 52 kilometres east of Whitehorse. Itlies 16 kilometres off the Alaska Highway and is accessible by anall terrain vehicle trail through the property. Surface samplinghas defined a main zone of disseminated nickel-iron alloymineralization that extends over a distance of 2.2 kilometres inlength and coincides with a northwest trending ridge. The anomalouszone is 150 metres wide at the northwest end, expanding to 640metres at the southwest end, where it is covered by overburden andremains open to the south. Wide-spaced sampling of sparse outcrops of bedrock returned valuesranging from 590 to 1,160 ppm (0.06 to 0.12%) nickel-in-alloy from14 rock sample sites, for an average grade of 893 ppm (0.09%)nickel-in-alloy. The newly defined zone at Mich exhibitscoarse-grained nickel-iron alloy ranging up to 200 to 500 microns(0.2 to 0.5 mm) in size. Analytical Method Rock samples, each averaging about 1 kilogram, were delivered toAcme Analytical Laboratories Ltd. ("Acme", an ISO CertifiedLaboratory) in Vancouver for nickel-in-alloy and total nickelanalysis. Nickel-in-alloy was analyzed using a partial extractionanalytical method that selectively dissolves nickel present asnickel-iron alloy and does not extract the nickel present withinrock forming silicate minerals. Following independent studies,including the development of certified standards to monitoraccuracy, this partial extraction analytical method wascommercially certified by Dr. Barry Smee of Smee & AssociatesConsulting Ltd. for the exclusive use of First Point. Total nickelwas assayed by Acme using a four acid digestion and an ICP-MSfinish, which determines the total nickel present, in bothnickel-iron alloy and silicate form, as well as iron and chromium. Dr. Ron Britten, P. Eng., First Point's Qualified Person under NI43-101, has reviewed and approved the technical content of thisnews release. About First Point First Point Minerals Corp. is a Canadian base and precious metalexploration company operating worldwide. On behalf of First Point Minerals Corp. Jim Gilbert, President and CEO Forward-Looking Statements Certain of the statements made and information contained herein isconsidered "forward-looking information" within the meaning ofapplicable Canadian securities laws. These statements addressfuture events and conditions and so involve inherent risks anduncertainties, as disclosed in the Company's periodic filings withCanadian securities regulators. Actual results could differ fromthose currently projected. The Company does not assume theobligation to update any forward-looking statement. First Point Minerals Corp. Jim Gilbert President and CEO (604) 681-8600 First Point Minerals Corp. Rob Robertson VP Corporate Development (604) 681-8600 604.681.8799 (FAX). The e-commerce company in China offers quality products such as China Plastic Recycling Machines , Infrared Dryers, and more. For more , please visit Pet Bottle Recycling Machine today!
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