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906-1112 W. Pender St.
Vancouver, B.C. V6E 2S1
Telephone: 604-681-8600
Toll Free: 1-866-FPM-8601
Fax: 604-681-8799
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Data Base from the BHP Billiton-First Point Joint Venture in Honduras and Nicaragua
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In early 2003 First Point commenced a one year strategic exploration agreement with BHP Billiton which was managed by First Point. This was expanded in 2004 and continued until March 2005. The purpose of the agreement was to explore for large porphyry copper-gold deposits in three Central American countries, Honduras, Nicaragua and El Salvador. Under the terms of the agreement any gold or gold-silver targets which are discovered as a result of this work belong 100% to First Point. The Joint Venture accumulated a very large data base including a total of 3,349 stream sediment and 2,876 rock samples, plus geological and property data in some of the most prospective terrain in this part of Central America. This very valuable data base is being used by First Point to explore for gold and gold-silver deposits.
A very early example of the success from the follow-up of this data is the discovery of the Tule mineralization in Honduras as announced in the news release on June 14, 2005. Ten strongly oxidized mineralized float samples that range between 0.27 to 21.0 grams per tonne ("g/t") gold were collected in a 1,400 by 720 meter area. This mineralization is probably hosted by a deeply weathered intrusion. Further details are available in the news release of June 14, 2005.
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Nickel Properties
Corralitos, Mexico, Gold-Silver-Lead-Zinc
Camporo, Honduras, Gold-Silver
Tule, Honduras, Copper-Gold
Mesas de Cuapa, Nicaragua, Gold
BHP Billiton-First Point Minerals JV
Aquila Resources
Photo Gallery
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