1844 Resources Inc V.EFF

OT - Nickel play $9 million market cap

[TVLmillionaire]

FPX.v - First Point Minerals Nickel, Gold, Silver, Moly, Copper - Properties in Canada, USA, Mexico, South America - deals/jv with Teck Cominco, Newmont, BHP. The market cap is $9 million - of that the own $3 million in AQA.v stock and have close to a 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 concentrating its efforts in Canada, Mexico and Central America to advance properties to commercial production. Properties include: large nickel properties in Canada and precious metal (gold and silver) properties in Mexico and Central America. 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. Nickel Properties (all properties 100% First Point) First Point has recently acquired 100% of two large, early stage, nickel properties in British Columbia as part of an expanding nickel exploration program. These properties stem from work undertaken by First Point a number of years ago when the company investigated metallurgical recovery of naturally occuring nickel-iron minerals (not hosted in silicate minerals) and nickel sulphides. Bench scale metallurgical studies by First Point at that time demonstrated that the nickel could be extracted by a combination of leaching and physical separation from certain nickel ultramafic rocks with the particular, and moderately unique, nickel mineralogy. When this initial work was completed the price of nickel was US$3.50/lb and the economics of such a project did not appear attractive. With nickel currently trading in excess of US$20.00/lb these targets are much more attractive and First Point has renewed its interest in this project by acquiring properties. The two properties are each part of large nickel rich ultramafic complexes. Historic work, done when nickel prices were very much lower, has been undertaken on these properties and is being compiled. Future work will be undertaken based on this compilation but will include initial mapping and sampling as well as additional metallurgical studies. First Point is also examining further properties with a view of acquisition. Precious Metals Central America (all properties 100% First Point) First Point Minerals is owner of 3 precious metal properties in Central America. The advanced Cacamuya low sulphidation epithermal gold/silver project in Honduras is host to 5 known zones of epithermal veins ocurring within six square kilometers of intense alteration. This property occurs in a "golden triangle" which defines an area with 4 gold mines which collectively, have produced more than 10 million ounces of gold. Three 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. The best drill intersections include: • Cerro Chachagua, 6.2 meters of 104.7 g/t gold & 743 g/t silver true width • Cerro Chachagua, 4.1 meters of 8.4 g/t gold & 297 g/t silver true width • 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 are available under "Projects" in particular on the interactive map. First Point is waiting for the Honduras government to pass the new mining law (which is very comerable to other mining laws in Latin America) before embarking on the next exploration phase. Major Deposits and First Point Properties in Honduras and Nicaragua Mesas de Cuapa is a large high sulphidation property, located in Nicaragua. Recent analytical results from widely spaced rock sampling, and mapping, completed on this large property have defined two targets, one silver and one gold, in the high sulphidation system. Seven rock panel samples over an area 3 by 3 metres carry from 6 to 26 grams/tonne (g/t) silver over a 75 metre distance in the Pedregal area. Similar sporadic silver values in rock samples occur along a trend extending 1,100 metres west of the 75 metre sample site noted above. Also rock samples or a ridge north of Cerro Quisaltepe range up to 0.42 g/t gold in a zone measuring 550 metres long and 150 metres wide. Soil sampling and trenches are planned in both target areas. Mesas de Cuapa is similar to the high sulphidation style of system of the style that has hosted some of the largest gold and gold/silver mines in Latin America including: Pueblo Viejo (18 million ounces of gold and 95 million ounces of silver); Yanacocha (50 million ounces of gold); Pierina (10 million ounces of gold) and a number of other deposits from Mexico to Chile. Tule intrusive hosted gold property and follow-up a number of gold and gold/silver targets from the joint exploration program with BHP Billiton which was completed in 2005, in which First Point now holds a 100% interest. A First Point and BHP Billiton joint venture explored for giant porphyry copper-gold deposits in Honduras, Nicaragua and El Salvador from 2003 to 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% 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 intrusive hosted gold property in Honduras. 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 metre area. This mineralization is probably hosted by a deeply weathered intrusion. Precious Metals in Mexico First Point is actively examining precious metal mineral properties in Mexico. 2.1 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 2.1 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 raised CAD$25 million in late 2006 and has recently calculated a resource estimate for the Back Forty Project. Aquila currently has an active drilling campaign to expand their resource and move towards a scoping study. Other Activity First Point continues to actively explore and evaluate new opportunities in North, Central and South America. Management/Board - current/former Placer Dome, Homestake, Sumitomo, Esso Minerals and Viceroy Resource, Orvana, Pegasus, Quadra Mining. https://www.firstpointminerals.com/s/Home.asp https://www.firstpointminerals.com/i/pdf/CorporatePresentation.pdf 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 Bullish Chart - Very Bullish EMA and MACD https://www.stockta.com/cgi-bin/analysis.pl?symb=FPX.C&num1=3&cobrand=&mode=stock 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