FIRST POINT MINERALS CORP. : http://www.firstpointminerals.com/ : QwikReport
Overview
Property Overview
First Point's exploration activities are focused on the Central American Gold Belt where it has two advanced properties and several earlier stage properties.
The Central American Gold Belt
The Central American Gold Belt stretches from Costa Rica in the south to Guatemala in the north. Within this area (less than ¼ the size of B.C.) there are 7 producing gold mines with more than 20 million ounces of past production and known reserves, plus several past producers and several new properties in advanced exploration. These are typically vein gold deposits being mined underground over a typical width of 1.5 to 6m and a grade of 5 to 10 g/t gold. The median size of the operating mines is 3 million ounces of gold and still growing.
The company has a number of gold, gold/silver and gold/copper properties in Central America. The two most advanced are the Cacamuyá gold/silver property in Honduras and the Rio Luna gold property in Nicaragua. These are situated in the centre of the Central American Gold Belt within a smaller triangle that contains 10 million ounces of gold, current reserves plus past production.
Both Rio Luna and Cacamuya are low to intermediate sulphidation veins. Within these veins there is a "productive horizon" where gold, at the time of formation, due to boiling, is typically 300 - 500m below the earth's surface. When the deposit if formed however, due to subsequent erosion, this productive horizon can now be found closer to the surface, or, indeed, eroded away and lost. The top and bottom of the productive horizon is generally close to horizontal. Above the productive horizon the quartz vein continues to surface but gold grades drop off very rapidly. Where there is one vein with ore grade material on any of the many properties around the Pacific Rim of this type, without exception, there will be more. A typical ore shoot in the this gold belt is 1-2km long and contains 0.5 to 1.5 million ounces of gold.
In addition to the 2 advanced properties the company has several earlier stage properties and a very large data set from the BHP Billiton joint venture with several gold and gold/silver anomalies that will be followed-up.
Details on these properties are in other folders in this "property" section of the web site.
