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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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MESAS DE CUAPA PROPERTY, NICARAGUA
Introduction
The Mesas de Cuapa Property is a high sulphidation epithermal system containing gold-silver disseminated mineralization. The property is located 60 kilometers northeast of Managua, the capital of Nicaragua and covers an area of about 16,000 hectares.
Asphalt or all-weather gravel roads and other 4 wheel drive roads provide access to parts of the concession and about 1.5 to 2 hours driving from Managua.
Ownership
100% mineral title is owned by First Point Minerals which consists of a concession and solicitud.
Geology
On the Mesas de Cuapa Property Miocene and Pliocene volcanics are marked by four intact or partially eroded calderas or volcanoes which form a long northeast trending belt and are intruded by numerous late stage felsic domes. Northeast and east-trending structural breaks occur in the central portion of the volcanics and are defined by wide zones of high sulphidation alteration measuring about 15 kilometers long and 3 to 6 kilometers wide.
Intense silicification, alunite, clays and iron oxide-rich hydrothermal breccias, and vuggy silica are spatially related to the felsic domes and define the high sulphidation alteration. About 50 square kilometers of alteration has been explored on a first pass basis using stream sediment, rock sampling and mapping. Gold and silver targets are defined by anomalous Au, Ag, Cu, As, Sb, Bi and other indicator elements in both sediment and rock results in the Mesas de Cuapa Project.
Mesas de Cuapa, Geology & Rock Analyses
Exploration Targets
North of Cerro Quisaltepe rock samples from 0.1 and up to 0.60 g/t gold in a zone measuring 550 meters long and 150 meters wide. This target is strongly altered and oxidized on a long ridge which is covered to the north and south by overburden.
The Pedregal target is located 2 kilometers north of Cerro Quisaltepe and is defined by seven rock panel samples taken over a 75 meter distance that carry 6 to 26 g/t silver. Similar sporadic silver values in rock samples occur along a trend extending 1,100 meters west of the 75 meter sample site noted above. Soil sampling and trenches are planned in both target areas prior to a drill program.
Target Type
The scale, geology and type of alteration and mineralization at Mesas de Cuapa is similar to bulk mineable gold deposits at Newmont's Yanacocha (50 million ounces of gold), Peru or Barrick's Pueblo Viejo (18 million ounces of gold and 95 million ounces of silver), Dominican Republic and there are many other examples of high sulphidation deposits or discoveries mainly in the circum Pacific. The subtle gold anomalies which defined the blind nature of the recent blind nature discovery of the high sulphidation deposit at Quimsacocha, Ecuador, and are similar with the Mesas de Cuapa gold anomalies.
Previous Exploration
No previous exploration by First Point Minerals Corp or other exploration groups have worked in this area. Geoscientific Research in Nicaragua completed by a Swedish-Nicaraguan joint project during the period of 1981 to 1991 who mapped and published the results in 1998, including the Mesas de Cuapa project.
Maps and Photos:
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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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