906-1112 W. Pender St.
Vancouver, B.C. V6E 2S1
Telephone: 604-681-8600
Toll Free: 1-866-FPM-8601
Fax: 604-681-8799

Joe Nickel Property, USA

The Joe Nickel property covers a specific part of an ultramafic complex in the western Cordillera of the USA. Up to two centimeter sized fragments and clots of nickel-iron alloys in bedrock and similar sized alluvial material or "nuggets" in creeks that drain the property are widely dispersed on the property. Widespread finer grained nickel-iron alloys have been identified by petrographic and scanning electron microscope (SEM) work. Analysis of rock samples on the property averaged 0.27% Ni with a range of 0.18% to 0.39% Ni.

The Nickel-Iron alloy is strongly magnetic

Nugget-sized nickel-iron alloys

Decar Property, BC

The Decar Property is 18 square kilometers and covers part of the Mount Sydney Williams ultramafic complex west of Fort St. James. Forty-two rock samples out of a total of 58 samples collected to date were analysed by Acme Analytical Laboratories ("Acme Labs") in Vancouver, BC, averaged 0.21% Ni with a range of 0.12% to 0.28% Ni. Ni-Fe alloys have been identified in this complex by earlier work and their presence in further samples is being confirmed using petrographic microscope and scanning electron microscope ("SEM") testing methods.

Shulaps Property, BC

The Shulaps Property is 64 square kilometers and covers a selected part of the much larger Shulaps ultramafic complex west of Lillooet. A total of 84 rock samples have been collected to date. Of these 19 samples were analysed by Acme Labs and averaged 0.23% Ni with a range of 0.17% to 0.31% Ni. The identification of Ni-Fe alloys will be confirmed using petrographic microscope and SEM methods.

Letain Property, BC

The 102 square kilometer Letain Property, acquired in early 2007 covers a portion of the Cache Creek ultramafic complex east of Dease Lake. Of 180 rock samples collected in the field to date the six samples analysed by Acme Labs averaged 0.22 % Ni with a range of 0.17% to 0.25% Ni. Ni-Fe alloys are known to occur in the streams draining a portion of this complex and petrographic plus SEM work is in progress to identify the extent and concentration of this alloy.

Azul Property, BC

The Azul Property, 19 square kilometers, covers part of the Blue River ultramafic complex north of Dease Lake. Sixty five of the 72 rock samples collected to date analysed by Acme Labs and averaged 0.22% Ni with a range of 0.14% to 0.29% Ni. Petrographic and SEM work to date has identified disseminated millerite (a nickel sulphide) and no Ni-Fe alloys. However Ni-Fe alloys are known to occur in the streams draining a portion of this complex and further work will be undertaken to determine the location and concentration of this alloy in bedrock. At this time this property is considered a lower priority.

Ownership and Metallurgy

All five properties are owned 100% by First Point. A portion of Ni in the specific geological environment of the five properties is present as Ni-Fe alloys. Ongoing work will determine the percentage of Ni held in alloys verses Ni in sulphides or silicates, and identify the most commercially viable method of extracting this Ni is in progress.

Maps and Photos:

Azul landscape panorama with volcanics on the left and dunite (buff orange brown) on right and structural break in the centre 83 KB, approx. 17 seconds at 56.6Kbps

Letain landscape panorama with view looking east 98 KB, approx. 19 seconds at 56.6Kbps