First Point Minerals Corp.
TSX VENTURE : FPX

First Point Minerals Corp.

February 18, 2010 14:05 ET

First Point Discovers Nickel-Iron Alloy on the Klow Property, Central BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2010) - First Point Minerals Corp. ("First Point" or the "Company") (TSX VENTURE:FPX) is pleased to report the discovery of nickel-iron alloy on its 100%-owned Klow property. The alloy was observed in four samples taken from bedrock over a 330 meter north trending zone in a serpentinized ultramafic unit. The disseminated nickel-iron alloy grains and composites range from less than 50 to more than 900 microns in size based on petrographic microscope examination. Follow-up scanning electron microscope analyses provided a range of 72 to 85% nickel, 15 to 28% iron and minor cobalt in the nickel-iron alloy and confirmed the presence of the mineral awaruite, essentially a form of naturally occurring stainless steel. Other nickel-bearing minerals, including millerite, heazlwoodite and pentlandite were also noted in composite grains. Total nickel values in the rock samples range from 0.21 to 0.25%.

The Klow property is located about 135 kms (kilometers) north of Fort St. James and is about 18 kms east of the CNR rail line and 55 kms north of the Decar property. A well maintained logging road on the east margin of the property provided convenient access for several days of work in the late season field work in 2009. Klow is one of four properties in which First Point holds a 100% interest and with the Decar property (optioned to Cliffs Natural Resources Exploration ("Cliffs") – see details in News Releases November 13 and December 2, 2009) cover a series of ultramafic pods and coincident airborne magnetic highs located in a 130 km long semi-continuous north trending belt. All of the properties are located within 5 to 30 kms on either side of the CNR rail line.

First Point is very encouraged with this preliminary exploration work on the Klow property. The extent of mineralization remains wide open on all sides. Field work in 2010 on the four properties in which First Point has a 100% interest will involve wide ranging and grid controlled mapping and sampling and, if warranted, geophysical surveys. 

ACME Analytical Laboratory Ltd., Vancouver, analyzed the rock samples using ICP-MS techniques and Micron Geological Ltd. employed an AMRAY 1810 scanning electron microscope equipped with an EDAX "Genesis" energy dispersive X-ray analyzer to complete microprobe semi-quantitative analytical work. Ron Britten, Ph.D., P. Eng., is responsible for the contents of this release. 

First Point Minerals Corp. is a Canadian base and precious metal exploration company focused on the Americas.

FIRST POINT MINERALS CORP.

Peter M D Bradshaw, President

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

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