In the northern part of the target area, there are two separate outcropping exposures along creek beds that show strong DTR nickel values but extensive overburden blankets bedrock in the surrounding region.
An 800-metre wide-spaced line, ground based magnetic geophysical survey was carried out on the Orca property in 2012. The survey defined a moderate to strong magnetic high response over the target area. The same response was encountered both to the northwest and to the southeast of the target area where overburden masks the bedrock in each direction. Exploration work in 2013 will include detailed magnetic geophysical surveys and follow-up mapping and sampling in the key target area, including channel sampling to further define potential coarse-grained mineralized targets for future drill programs.
The Eagle target lies mainly on the Wale claims and extends southward onto the Polar claims, a small package of adjoining claims totalling 2.4 square kilometres that was optioned by First Point in late 2012 from Greenrock Exploration Ltd., a private jade mining company (see First Point's news release dated December 17, 2012).
The Eagle target is a large anomalous northwest-southeast trending zone of fine-grained nickel-iron alloy mineralization extending more than 3 kilometres in length, and containing zones of abundant coarse-grained awaruite with corresponding nickel-in-alloy grades that exceed 0.1%.
During 2012, a helicopter-supported drill program tested the Eagle target with 10 core holes totalling 2,764 metres. The holes were drilled from six sections spaced 510 to 1,210 metres apart. The drill results indicate the underlying ultramafic package of rocks hosts strong zones of disseminated, fine-grained awaruite carrying grades better than 0.05% nickel-in-alloy.
The tops of hole DH-1 and DH-2, and portions of holes DH-4, DH-5, DH-6, DH-9 and DH-10, encountered promising nickel-in-alloy grades exceeding 0.1%, and as high as 0.142%. Highlights include 162 metres of 0.137% nickel-in-alloy starting from 3 metres below surface in hole DH-1(excluding internal dilution by five non-mineralized dykes totalling 23.1 metres in length), and 261 metres of 0.126% nickel-in-alloy over the entire length of hole DH-6 (excluding 10 non-mineralized dykes totalling 35.1 metres). For a summary of the drill results, see the December 17, 2012 news release.
Follow-up Davis Tube metallurgical sampling of the drill core has identified a potential zone of coarser-grained awaruite mineralization amenable to magnetic recovery, based on 80% recovery of the partial extraction nickel-in-alloy values. The drill core returned DTR nickel values ranging from 52% to 108% recovery when compared to the partial extraction nickel-in-alloy results. The coarser-grained portion of the Eagle target is interpreted to measure more than 1,300 metres long and 170 to greater than 250 metres wide, with a minimum vertical extent of at least 320 metres. It is open to the southwest and along strike to the southeast.
Anomalous samples from the Garth's Knob target area, some 1,200 metres southeast of Eagle, were first discovered in 2011. Detailed mapping and sampling in 2012 further expanded the target area. Garth's Knob measures 1,920 metres long and 350 to 950 metres wide as defined by 67 surface rock samples ranging in value from 0.062 to 0.216% nickel-in-alloy, for an average of 0.129%. Preliminary Davis Tube analysis showed approximately 42% of the nickel-in-alloy was recoverable by magnetic separation in 30 selected samples, for an average grade of 0.054% DTR nickel. The Davis Tube results suggest a coarser-grained awaruite corridor may exist along the southwest margin of Garth's Knob, representing a potential extension of the Eagle target.
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