FPX Nickel Corp. V.FPX

FPX.v - DD Info

[TVLmillionaire]

The market cap is just over $7 million - of that the own $4 million in AQA.v stock and have $1 million in cash as of last report. First Point Minerals Corp. is a Canadian based mineral exploration company focused on acquisition of precious and base metal properties in the Americas. The company is currently focusing its efforts in Central America to develop reserves on the Rio Luna gold property in Nicaragua and the Cacamuyá gold/silver property in Honduras. The management team with over 120 years of management experience in over 30 countries, is led by Dr. Peter M D Bradshaw and Dr. Ron Britten who collectively have been instrumental in the discovery, exploration and advancement of seven major mines containing over 25 million ounces of gold as well as several other mineral discoveries worldwide. AQA.v was spun out of FPX.v - AQA now worth $90 million - FPX.v kept 5% and the market cap is $7 million. Management/Board - current/former Placer Dome, Homestake, Sumitomo, Esso Minerals and Viceroy Resource, Orvana, Pegasus, Quadra Mining. FPX.v owns 2.4 million shares of AQA.v which trades at $1.67,they have cash, have land and claims in different countries and is trading at a discount to NAV. I think it could be a leverage play on AQA.v and gold/silver/zinc prices. The stock was as high as $0.45 and is now at $0.15. 2,400,000 AQA.v @ $1.67 = $4.0 million FPX has cash in the bank = $1.0 million https://www.firstpointminerals.com/s/Home.asp https://www.firstpointminerals.com/i/pdf/CorporatePresentation.pdf From an old David Pescod: Mark Jarvis - founder of Ultra Petroleum picks HNC, FPX.v, ADD. The best he could come up with in this market is two cheapies by chance and they are definately both cheap! The first one is run by some very experienced geological types and is calld First Point Minerals (FPX). Unfortunately they have no promotional skills, but they are currently drilling some low sulphidization veins in Nicaragua and if it hits, people will care. He owns it. Projects https://www.firstpointminerals.com/s/RioLuna.asp https://www.firstpointminerals.com/s/Cacamuya.asp https://www.firstpointminerals.com/s/BHP-JV.asp https://www.firstpointminerals.com/s/Aquila.asp https://www.firstpointminerals.com/s/Nicaragua.asp Shares Outstanding: 49,093,244 Head Office: FIRST POINT MINERALS CP 1112 West Pender Street,Suite 906 Vancouver BC Canada V6E 2S1 Phone:[phone] Fax:[phone] Email:[e-mail] Website: https://www.firstpointminerals.com First Point Minerals Corp. is a Canadian based mineral exploration company focused on acquisition of precious and base metal properties in the Americas. The company is currently focusing its efforts in Central America to develop reserves on the Rio Luna gold property in Nicaragua and the Cacamuyá gold/silver property in Honduras. The management team with over 120 years of management experience in over 30 countries, is led by Dr. Peter M D Bradshaw and Dr. Ron Britten who collectively have been instrumental in the discovery, exploration and advancement of seven major mines containing over 25 million ounces of gold as well as several other mineral discoveries worldwide. Advanced Projects First Point Minerals is 100% owner of two advanced gold projects, Rio Luna in Nicaragua and Cacamuyá in Honduras. These two projects occur in a "golden triangle" as shown in the map below. This triangle defines an area with 4 gold mines which collectively, have produced more than 10 million ounces of gold. Three of these mines are still operating and continue to add reserves by further exploration. There are also several active exploration drilling programs within this area by other companies, all of which will add to the ultimate number of ounces of gold produced from this quite small area. At the 100% owned Rio Luna Gold Property in Nicaragua, First Point Minerals has completed a 32 hole diamond drill program on three separate targets along the El Paraiso Vein System and one target area in the El Rodeo Vein System. This program totaled 3,400 meters. Gold values were encountered in all 32 holes, with the best values being found in 3 of the 4 zones tested. The most significant drill intersects to date are: • Balsamo East, RL-21, 3.2 meters of 15.8 grams per tonne (g/t) gold • Balsamo East, RL-22, 5.2 meters of 13.5 g/t gold • Balsamo, RL-3, 2.6 meters of 19.4 g/t gold. • Santa Rita, RL-9, 1.3 meters of 19.0 g/t gold. The vein system has been drilled at 3 locations over less than 2.5 kilometers of the known 18 kilometers of quartz veining, which is still open. Management is extremely encouraged by the results and the Company is currently completing an extensive surface program of soil sampling, augering and trenching prior to selecting further drill targets. This work has led to the discovery of a whole new vein system, the San Andreas Vein System with values up to 57.7 g/t gold and 59.2 g/t silver over 2.6 meters. More details including maps are available under "Projects". The 100% owned Cacamuyá gold/silver property in Honduras is host to 5 known zones of epithermal veins occurring within six square kilometers of intense alteration. Some of the best drill intersections include: • Cerro Chachagua, 6.2 meters of 104.7 g/t gold • Cerro Chachagua, 4.1 meters of 8.4 g/t gold • Filo Lapa, 1.5 meters of 17.8 g/t gold • D4/D5 Area, 4.0 meters of 19.1 g/t gold • D4/D5 Area, 1.5 meters of 26.8 g/t gold More details including maps are also available for this property under "Projects". The Company is actively seeking a joint venture partner in order to undertake a recommended aggressive exploration and drill program on this property. Earlier Stage Projects First Point has applied for three new concessions in Nicaragua. The Boaco Viejo (already granted) and Mesas de Cuapa concessions are located immediately east and south of the Rio Luna Project. The Wasayama concession is situated between Natividad (Pavon) and San Pedro, both currently being drilled by Meridian Gold and Radius Gold respectively. First Point now has one of the largest land positions in Nicaragua totaling 1,260 square kilometers. The recently announced agreement between Radius Gold and Meridian Gold confirms the acceleration of exploration efforts seeking gold in Nicaragua. Management believes that the mining and investment communities will be focusing more resources on exploration in Nicaragua, and companies with large land positions and favourable geology will be the greatest beneficiaries of this trend. A strategic joint venture agreement to explore for giant porphyry copper-gold deposits in Honduras, Nicaragua and El Salvador between First Point and BHP Billiton was extended from February 2003 until March 2005. The joint venture collected and compiled a very large data base including a total of 3,349 stream sediment and 2,876 rock samples, plus geological and property data in some of the most prospective terrain in this part of Central America. Under the terms of the agreement with BHP Billiton all gold or gold-silver deposits discovered as a result of this work belong 100% to First Point. This is a very valuable data base which First Point is now using to explore for gold and gold-silver deposits. A very early example of the success from the follow-up of this data is the discovery of the Tule property in Honduras as announced in the news release on June 14, 2005. Ten strongly oxidized mineralized float samples that range between 0.27 to 21.0 grams per tonne ("g/t") gold were collected in a 1,400 by 720 meter area. This mineralization is probably hosted by a deeply weathered intrusion. 2.4 Million Shares in Aquila Resources In early 2004, First Point entered into a new base metal exploration arrangement with a private American company, Menominee River Exploration Corp. and formed Aquila Resources. First Point currently has 2.4 million shares in Aquila Resources, which has two massive sulphide zinc projects; the Cedros Project, a drill ready zinc-silver project in Honduras, and the Back Forty Project, an advanced stage zinc-gold project in Michigan. Aquila Resources is currently calculating a resource estimate for the Back Forty Project. Aquila Resources has announced a merger with JML Resources which trades on the TSX - Venture Exchange. It is anticipated that this merger will be completed in the first quarter of 2006 and Aquila's shares will begin trading during that period. Management: Dr. Peter M. D. Bradshaw, P.Eng.Position: Director, President and CEO Geologist with 40 years international mineral exploration experience in over 30 countries with Barringer Research, Placer Dome and Orvana Minerals. J. Christopher Mitchell, P.Eng.Position: Director Business Consultant with more than 30 years experience in the mineral industry. Served as Executive Vice President of Viceroy Resource Corp., Senior Vice President and CFO of Orvana Minerals Corp. and Constellation Copper Corp. Ron M. Britten Position: Vice President Exploration Geologist with more than 30 years international mineral exploration experience with Sumitomo, Esso Minerals and Homestake Robert A. Watts, Position: Director Chartered Accountant with 40 years experience in the mineral industry. Held senior executive positions in a number of companies including Placer Dome, Pegasus and Orvana Minerals. William H. Myckatyn, P. Eng.Position: Director Over 35 years experience in the Mining industry. Currently founder, CEO and Director of Quadra Mining Ltd. Report https://www.firstpointminerals.com/s/QwikReport.asp First Point Minerals Corp. is a Canadian based mineral exploration company focused on acquisition of precious and base metal properties in the Americas. The company is currently focusing its efforts in Central America to develop reserves on the Rio Luna gold property in Nicaragua and the Cacamuyá gold/silver property in Honduras. The management team with over 120 years of management experience in over 30 countries, is led by Dr. Peter M D Bradshaw and Dr. Ron Britten who collectively have been instrumental in the discovery, exploration and advancement of seven major mines containing over 25 million ounces of gold as well as several other mineral discoveries worldwide. 2.4 Million Shares in Aquila Resources - AQA.v In early 2004, First Point entered into a new base metal exploration arrangement with a private American company, Menominee River Exploration Corp. and formed Aquila Resources. First Point currently has 2.4 million shares in Aquila Resources, which has two massive sulphide zinc projects; the Cedros Project, a drill ready zinc-silver project in Honduras, and the Back Forty Project, an advanced stage zinc-gold project in Michigan. Management: Dr. Peter M. D. Bradshaw, P.Eng.Position: Director, President and CEO Geologist with 40 years international mineral exploration experience in over 30 countries with Barringer Research, Placer Dome and Orvana Minerals. J. Christopher Mitchell, P.Eng.Position: Director Business Consultant with more than 30 years experience in the mineral industry. Served as Executive Vice President of Viceroy Resource Corp., Senior Vice President and CFO of Orvana Minerals Corp. and Constellation Copper Corp. Ron M. Britten Position: Vice President Exploration Geologist with more than 30 years international mineral exploration experience with Sumitomo, Esso Minerals and Homestake Robert A. Watts, Position: Director Chartered Accountant with 40 years experience in the mineral industry. Held senior executive positions in a number of companies including Placer Dome, Pegasus and Orvana Minerals. William H. Myckatyn, P. Eng.Position: Director Over 35 years experience in the Mining industry. Currently founder, CEO and Director of Quadra Mining Ltd. Report https://www.firstpointminerals.com/s/QwikReport.asp JMHO TIA