First Point Minerals Corp. (TSXV:FPX) announced results for the first four of 27 resource definition holes completed during this year’s drilling campaign at the Decar nickel-iron alloy project.
As quoted in the press release:
One of the main objectives of the program was to test the lateral and deeper limits of higher grade zones by stepping out in the south-central and northwest areas of the Baptiste deposit, and extending the mineralization to an average vertical distance of 450 metres from surface.
The 2012 results from the first two holes indicate an expanding higher-grade zone in the south-central area of the deposit, where assays from an additional nine 2012 holes remain pending. These initial 2012 nickel values compare favourably to the average DTR grade of 0.113% in the inaugural 1.2-billion-tonne inferred resource previously reported for Decar, using a 0.06% cut-off.