Ni, Co, Cu, PGM, Au Properties in Ontario Canada
Producing Mines and "state-of-the-art" Mill
Message: Interesting article
I am curious if this article will have any implications for the type of nickel that is going to be mined for LBE ... any and all relevant feedback would be greatly appreciated. TIA, -B1- According to Canadian Business Online: http://www.canadianbusiness.com/markets/ccn/article.jsp?content=20080213_125505_6_ccn_ccn "First Point and University of British Columbia Sign Collaborative Agreement to Study Extraction of Nickel From Alloys Feb 13, 2008 - 11:53 VANCOUVER (Marketwire) - First Point (TSX VENTURE:FPX) has expanded its metallurgical test work into the recovery of nickel from rocks containing naturally occurring nickel-iron alloys and is one of the first mineral exploration companies to recognize the potential benefits for this unique style of nickel mineralization. First Point has entered into a Collaborative Agreement with the University-Industry Liaison Office at UBC with the objective of this work is to identify the most commercially effective method to extract nickel from naturally occurring nickel-iron alloys. The testing and research is being conducted at the Department of Materials Engineering at the University of British Columbia (UBC) by Doctors David Dixon and Adam Fischmann of that Department, who were also recently appointed to First Point's Technical Group (news release of February 5, 2008). Equally important, First Point has the exclusive first right to enter into a licensing agreement with UBC for any patentable process that arises from this work where the majority of the nickel ore consists of metallic nickel and nickel-iron alloy minerals. First Point initiated an exploration program targeting this type of nickel mineralization in 1997, however, this work was shelved due to the prevailing low nickel prices. With the current increase in nickel price over the past two years, First Point has resumed and significantly expanded the exploration and related metallurgical work, resulting in the acquisition of five properties in North America. The properties all cover portions of ultramafic complexes where nickel occurs principally in the form of nickel-iron alloys in contrast to sulphide or oxide deposits which are currently the principal ores of nickel. There are several benefits to explore for nickel-iron alloy targets. These include: the naturally occurring alloy contains 70 to 75% nickel; the high magnetic characteristic of the alloy could produce a high grade concentrate; energy usage to recover nickel in alloys would be much lower than for either nickel sulphide or, in particular, nickel oxide (laterite) deposits; the lack of suphides in alloy targets negates the problems of acid mine drainage and related environmental problems and, the nickel alloy targets would be similar in grade and scale to open pit porphyry deposits. First Point is a Canadian precious and base metal exploration company focused on the Americas. For more information, please view the nickel projects and precious metal projects in Central America in the updated site www.firstpointminerals.com. FIRST POINT MINERALS CORP. Peter M.D. Bradshaw, President -30- FOR FURTHER INFORMATION PLEASE CONTACT: First Point Minerals Corp. Peter Bradshaw President and CEO (604) 681-8600 or First Point Minerals Corp. Ron Britten Vice-President of Exploration (604) 681-8600 (604) 681-8799 (FAX) Email: firstpoint@firstpointminerals.com Website: www.firstpointminerals.com The TSX Venture Exchange has not reviewed, nor accepts responsibility for the adequacy or accuracy of this news release. INDUSTRY: Manufacturing and Production - Mining and Metals SUBJECT: BFC"
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