First Point Minerals Corp. has recently acquired mineral claims on its Letain Property in northern British Columbia, Canada. Nickel iron alloy was observed in 9 out of 35 samples taken from serpentinized ultramafic bedrock while completing a regional exploration program. The disseminated nickel iron alloy grains reach up to 100 microns in size and occur in an area measuring 300 by 580m which is open to the north and south. Scanning electron microscope analyses provided a range of 67 to 87% nickel, 12 to 28% iron and minor cobalt copper and confirmed the presence of the mineral awaruite, a naturally occurring stainless steel which contains no sulphur. Minor heazlwoodite was also noted in composite grains. Total nickel values in the ultramafic rock samples range from 0.16% to 0.25%.