Canada : First Point Minerals Begins Drilling Wale Nickel Alloy Target [TendersInfo (India)]Kalpita98Al Bawaba Ltd.
First Point Minerals Corp. ("First Point" or the "Company") is pleased to announce that exploration drilling has started at the 100%-owned Wale nickel-iron alloy prospect in northern British Columbia.
A proposed drill program of up to 8 widely-spaced holes totalling about 2,800 metres will test a 3-kilometre-long target area of the Wale property. The holes are being positioned based on last year's surface sampling results, along with visual estimates of grain size and abundance of the mineral awaruite -- a naturally occurring nickel-iron alloy -- from this year's recent detailed rock sampling and mapping work.
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. The southern portion of the property can be accessed from a rough mining road and by trails.
A large zone of nickel-iron alloy mineralization was discovered during a preliminary regional exploration program in the summer of 2011 in which about 50% of the property was explored. This northwest-trending zone measures roughly 3.1 kilometres in length and 670 to 1,060 metres wide. It is defined by 113 bedrock samples that average a grade of 945 parts per million ("ppm") (or 0.09%) nickel-in-alloy, based on a cut-off of 500 ppm (0.05%).