 | 
906-1112 W. Pender St.
Vancouver, B.C. V6E 2S1
Telephone: 604-681-8600
Toll Free: 1-866-FPM-8601
Fax: 604-681-8799
| | |
| |   Fri Jun 16, 2000
First Point Minerals Drops Nevada Exploration Projects. Will Focus on its High-Grade Gold/Silver Cacamuya Project in Honduras.
|
| | Peter Bradshaw, President and CEO of First Point Minerals, announced that the company has decided to terminate its option to acquire three gold exploration properties in Nevada.
The three Nevada properties --- Amador, Water Canyon and Big Springs --- are early stage gold prospects where First Point had the option to earn a 100% interest. Mr. Bradshaw said that the company's shareholders would be better served by concentrating its exploration expenditures at the high-grade Cacamuya project where recent exploration results have been very encouraging.
First Point plans to begin diamond drilling at Cacamuya this quarter. The initial drilling will follow-up on earlier drilling on the project which intersected potentially ore grades and widths of gold/sliver in four of five holes in the property's most prospective target --- the Cerro Chachagua vein. The second phase of drilling will test the project's other targets areas to the north and northwest of Cerro Chachagua.
First Point has the right to earn a 60% interest in the Cacamuya property from Battle Mountain Gold, with Breakwater Resources holding the balance.
First Point's shares trade on the CDNX exchange under the symbol FPX.
For further information please contact:
Peter M.D. Bradshaw, President and CEO, at (604) 681-8600
Bill Trenaman, Investor Relations, at (604) 681-8600
or refer to the Company's web site "www.firstpointminerals.com"
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CDNX SYMBOL: FPX
Suite 2170 - 1050 West Pender St., Vancouver, BC Canada V6E 3S7
Telephone (604) 681-8600 Fax (604) 681-8799 |
| |
| | You can view the Next News Releases item: Mon Jun 26, 2000, First Point Minerals To Begin Drilling on Cacamuya Gold/Silver Project in Honduras
You can view the Previous News Releases item: Wed Jun 14, 2000, FIRST POINT MINERALS DISCOVERS NEW GOLD-SILVER TARGET AT CACAMUYA PROJECT, HONDURAS
You can return to the main News Releases page, or press the Back button on your browser.
|
| | | |
News Releases
| |
