19.4 metres of 0.93% WO 3 including 2.6 metres of 5.8 % W0 3 at Ridley Creek and makes a discovery at South Grid on the Fox tungsten property November 2 1 , 201 7 –
Happy Creek
drills
19.4 metres of 0.93% WO
3
including
2.6
metres of
5.8
% W0
3
at Ridley
Creek and makes a discovery at South Grid on the Fox tungsten property
November
2
1
,
201
7
–
Vancouver, British Columbia.
Happy Creek Minerals Ltd. (TSXV:
HPY)
(the “Company
”
)
is
pleased
to
announce
the remaining
results from drilling on
its
100% owned
Fox tungsten
property
,
located
90 km
northeast of
the town of
100 Mile
House,
in south central
B.C., Canada.
During 2017,
11,429 metres of diamond core
drilling
in 66 holes
was performed on the BN, Ridley Creek and Nightcrawler
-
South Grid
zones.
Further to the news release October 24, 2017 for the BN zone drilling results,
results for
the
Ridley Creek
,
South Grid and
Creek
zone
s
are reported here
for
drill hole
s F17
-
39 to
F17
-
66
,
a
long with a summary of
surface trench
and rock
sampling.
Refer to the Tables
below, and maps will be posted to the website shortly.
On January 26, 2017 the Company
announced the Ridley Creek and BN zones contain 486,000 tonnes indicate
d grading
0.818% W0
3
(tungsten trioxide) and 361,000 tonnes inferred grading 1.568% WO
3
.
This
includes 329,000 tonnes of 0.729% WO
3
indicated within an open pit.
Resources have
not yet been estimated for the South Grid, Nightcrawler, Creek, BK and North zones.
In 2017, d
rilling at Ridley Creek was focused on the outward expansion of the current
r
esource area
and
collecting data
to better delimit the deposit aroun
d the
periphery of the
current
open pit shell.
Distances are relative to the current resource area
or
pit shell
perimeter
.
Tr
ue widths are estimated to be 75
-
95% of reported drill intervals, and trenches
are rock
-
saw cut channel and chip
samples.
Highlights
DDH
F17
-
44
:
Starting at 46.0 metres, 19.4 metres of 0.9
27
% WO
3
, including 2.59 metres
of 5.824%
that
expands
the Ridley Creek zone
approximately 35 metres
to the northwest
and
this high
-
grade zone
remains
open.
DDH
F17
-
48
:
Starting at 62.6
metres
, 0.72 metres of
4.653
% WO
3
that expands the
Ridley Creek zone 100 metres north of the current resource area.
DDH
F17
-
56
:
Starting at 11.45 metres,
0.85 metres of
4.16
0
% WO
3
at Ridley Creek south
and,
DDH
F17
-
57
:
starting at 21.2 metres,
4.8
2
metr
es of 0.516% WO
3
that expands
Ridley
Creek
45 metres further south
east
of the current resource area
where it
is open to the
west and southeast.
Trench
17
RCS
-
1:
Rock saw cut
3.3 metres
containing
0.91% WO
3
that
is
located 45
metres
north
east
of F17
-
57
and
connects
to
the mineralized zones in drill holes F17
-
56
and F17
-
57
.
DDH
F17
-
61:
Starting at
12.6 metres below surface,
3.07 metres of 0.496%
WO
3
at the
South Grid
. This is considered a discovery of potentially economic grade in this new, road
accessible target tha
t is underlain by a
1.5 km by 500 metre
tungsten in
soil anomaly.
DDH
F17
-
6
4:
Starting at the top of the hole,
0.7m of 0.991% WO
3
in the first sample
at
the
Creek zone
, and the mineralized zone remains open
in several directions
.
David Blann, President and C.E.O. of
Happy Creek states: “
Drilling at
Ridley Creek ha
s
improved geological modelling of the deposit, collected data for more advanced studies,
and
expanded the area
of
excellent grade mainly to the northwest and southeast
.
A
nother
top
-
tier
result
in F17
-
44
with
2.6 metres
of 5.8% WO
3
and 3.1 metres of 0.919% WO
3
provides a clear vector to continue expanding this
high
-
grade
material
to the
northwest
.
T
o the southeast
,
drill hole
s
F17
-
56 and
F17
-
57
include
0.
9
metres of 4.
160
% WO
3
and
4.8 metres of 0.516% WO
3
respectively, that
connect with a
new trench
containing
3.3
metres of 0.913% WO
3
, and
together
should add to the existing
shallow
open pit
resource
.
In addition,
n
ew outcrop
containing
0.698% WO
3
over 0.7 metres
(open in width)
and grab
samples up to 2.38
3% WO
3
are
located up to 200 metres further southeast
and
provide
an exciting opportunity to
increas
e
near
-
surface
resources
along
the
750 metre
un
-
explored
g
ap between
the Ridley Creek and BN zone
.
At the South Grid, t
he drilling discovery of
3.0 metres
with
0.496% WO
3
near surface
is
an excellent result
that
elevates the importance of
th
is
new
1.5 km by 500 m
etre
geochemical
target
that is all
within
recent logging
clear
-
cuts
and
numerous roads and
trails.
W
e look forward to
evaluating
all
the new
results
from 2017
to
formulate a plan for the
next steps and deliver
an updated resource in Q1 201
8
. The Fox continues to
increase in
merit
and advanc
e
as
an important new
high
-
grade
tungsten discovery in the western
world
.
”
Details
The Fox tungsten property
covers an area with positive tungsten in rock, soil and drill core
that is 10 km by 3 km in dimension. T
abular
-
shaped
and flat or gently dipping
layers of
calc
-
silicate (skarn)
host
s
the tungsten mineral scheelite, and are cut by varying thickness
of intru
sive rocks. The
BN,
Ridley Creek and BK zones are within
one of the
calc
-
silicate
layer
s
that
outcrops
for three kilometres along the east side of Deception Mountain
. This
layer is
gently dipping
in orientation, extending
west beneath Deception Mountain
an
d
may connect with
mineralized calc
-
silicate layers
that occur
on the other side of the
mountain to the northwest
, a one kilometre distance.
Between
four
and
eight
km south,
the
Nightcrawler and
South Grid zones
respectively,
contain multiple calc
-
silicate
layers
traced by drilling for
over
three
km
east
-
west and extend south of an intrusive contact for
two
km
and is open to the south
.
Ridley Creek
Drill holes
F17
-
39 to F17
-
42 are located a
pproximately
2
00 metres northeast of the
current
Ridley Creek resource,
where
a
1.5 metre chip sample with 3.44% WO
3
occurs at
the base of a
20 metre cliff of calc
-
silicate.
Drill holes
tested the extent of this showing
to
the west, northwest and southwest of the outcrop, and returned
30 metres of calc
-
s
ilicate
containing
intervals
of variable thickness with
low grade tungsten.
Drill hole F17
-
43 is located 35 metres north of the
current
resource area and returned 1.0
metre of 0.594% WO
3
starting at 22.35 metres
down the hole
. Drill hole
s
F17
-
44 to F17
-
49 are located north
west
and north
of the current resource area and
drilled
west
ward
.
F17
-
44 averaged 19.4 metres of 0.9
27
% WO
3
including 2.
59
metres of 5.824% WO
3
and
3.1
3
metres of 0.919% WO
3
starting at 46.0 metres.
Results of this drill
hole extend the
mineralized
intercept
in
F13
-
19 (26.0 metres of 1.
19
% WO
3
)
by 3
5
metres
and th
is high
-
grade
zone is open to the northwest.
D
rill holes
F17
-
45 to F17
-
4
9
are
located
to the
north
of F17
-
44
and
drilled westward but appear to have not
reach
ed
the thickest part of this
high
-
grade
northwest trending
zone
,
the best being
F17
-
48
contain
ing
0.7
2
metres of
4.653% WO
3
.
Additional
drilling
to the northwest of th
e
Ridley Creek deposit is required
to expand the very
high
-
grade
mineralization
to the north
west with potential for the zone
to continue
one kilometre
to
where mineralized outcrop occurs on the
other side
of
Deception Mountain
.
Drill holes F17
-
50 to F17
-
55 are located
around the southern side of the
current resource
open
pit shell
and contain lo
cally moderate grade intervals. F17
-
51 contains 13.1 metres
of 0.124% WO
3
starting at 15.3 metres, including 0.8 metres of 0.764% WO
3
. The Ridley
Creek zone remains open to the southwest
beyond
drill hole F16
-
9 containing
3.0 metres
of
0.52% WO
3
.
Drill
holes F17
-
56 to F17
-
59 are located to the southeast of any previous drilling in the
Ridley Creek zone
and demonstrate the deposit remains open in this direction.
F17
-
56
is
an angle drill hole and
contains a 0.
85
metre interval with 4.161% WO
3
starting at
1
1.45
metres
down the hole
, or 8.1 metres
vertically
below surface.
F17
-
57
is
located
3
5 metres
sout
h
of F17
-
56
and
contains 4.8
2
metre
s
of
0.516% WO
3
starting at 21.44 metres
down
the hole
, or 16.4 metres
vertically
below surface
.
The positive grade occurring near
-
surface
in this area
is
thought to add to the open
-
pit
resource
potential
and
it
remains
open to the
west and
750 metres
southeast
toward the BN zone
.
In 2017, new hand
-
dug pits and trenches around the Ridley
Creek zone exposed outcrop
containing positive to high grade tungsten values. Approximately 35 metres to the south
of the main Ridley Creek trenches a one
-
metre chip sample returned 2.82% WO
3
that is
open in thickness and along strike. This result demonstr
ates good continuity of the high
-
grade surface zone and that it extends further than previously thought.
In the southeastern area of Ridley Creek, hand trenching exposed outcrop which returned
a
saw
-
cut channel
sample of 3.3 metres of 0.913% WO
3
that con
nects with the
mineralized zone in F14
-
56 and F17
-
57. Hand clearing, trenching and rock sampling
further south of this area was successful in partially exposing this calc
-
silicate layer with
samples returning 0.70 metres of 0.698% WO
3
, and 0.45 metres of 0
.559% WO
3
that are
open in width. A grab sample located 200 metres to the south contains 2.383% WO
3
.
These surface results support the potential to connect the Ridley Creek with the BN zone,
and a
gap of approximately 750 metres
remains unexplored
between
them.
South Grid
Drill holes F17
-
60 to F17
-
63 are located at the South Grid target, a 1.5 km by 500 metre
tungsten in soil geochemical anomaly with limited outcrop exposure
and excellent road
access
.
The 2017
d
rill holes are located to the west and east of the
three
shallow
and
incomplete
2016 drill holes.
Drill hole
F17
-
61
(
-
60 degrees
to the northeast
)
returned 3.07 metres of 0.496% WO
3
starting at 14.6 metres
, or 12.6 metres
vertically
below surface
.
This r
esult is
open
for
expansion
and
confirms significant
grade
occurs
near surface
in this large geochemical
target
.
Drill hole F17
-
60 is located 150 metres southwest of F17
-
61 and contains mainly
biotite schist and minor calc
-
silicate with one metre and 1.8 metre
intervals containing
0.181% WO
3
and 0.149% WO
3
, respectively. Approximately 350 metres to the east
-
northeast of F17
-
61, drill
hole
F17
-
6
2
intersected
approximately 60 metres of calc
-
silicate
with eight intervals of 2.0 metres containing elevated tungsten,
the best including
4.0
metres of 0.239% WO
3
starting at 99 metres.
F17
-
63 is located approximately 50 metres
north of F17
-
62
and
similarly
contains approximately 60 metres of calc
-
silicate with
multiple intervals of elevated tungsten, the best being 1.8 m
etres of 0.192% WO
3
starting
at 58.75 metres,
and 0.90 metres of 0.282% WO
3
.
This drill hole is on the edge of a slope
down to the north and the mineralized zones are expected to continue to surface, and
the
grade
-
thickness of mineralized intervals appear
to increase to the south.
Results from
drilling
at the South Grid
in 2017
are thought to demonstrate excellent potential and
additional trenching and drilling is required to better define the geology and extent of this
quality new prospect.
Creek zone
Three drill holes were collared on the north side of the interpreted mineralized
trend
at
the Creek zone
and drilled towards the south. Drill hole F17
-
64 intersected 0.7 metres of
0.991% WO
3
in the casing at the top of the hole, and F17
-
65
(vertical)
inter
sected
0.7
metres of 0.831% WO
3
at 89
metres.
In
2015,
drill hole
F15
-
2
,
is located 100 metres south
of F17
-
64 and
angled
to the north and returned
5.0 metres of 1.00%
WO
3
.
The drill intercepts in F17
-
64 and F17
-
65 are located approximately 35 metres
northeast
of saw
-
cut channel samples at the Creek zone. In 2017, f
our
saw cut channel samples
were collected from
intermittently
exposed rock
at the northern end of the prospect
a
nd
returned 1.0 metre of 1.165% WO
3
, 0.9 metres of 0.716% WO
3
, 1.1 metres of
1.1
0
% WO
3
and 0.8 metres of 0.163% WO
3
.
A boulder located on the other side of the creek returned
1.87% WO
3
.
Further testing
is required
to resolve geological controls
of the high
-
grade
mineralization at the
Creek zone
and this
zone remains open in several directions.
Mapping
In 2017 the Company engaged A
RC
-
Geoscience
Group Inc.
to perform geological
mapping mainly around Deception Mountain and the South Grid areas. Several layers of
calc
-
silicate
located
at higher elevations
above the BN
,
Ridley Creek
and
BK zones
were
mapped
and locally sampled returning positive tungsten values.
The North zone was
traced for over 500 metres south and a
grab sample returned 0.349% WO
3
.
In addition,
scientific studies, funded in part by
government research grants
, are being conducte
d by
the University of British Columbia, and final reporting of this as well as geological work
completed by A
RC
and the Company will be reported when completed.
2017 Ridley Creek, South Grid and Creek Zone Drilling
Results
2017
From
To
Interval
WO3
Zone
Drill hole
Metres
Metres
Metres
%
Ridley Creek
F17
-
39
NSV
Ridley Creek
F17
-
40
24.00
24.80
0.80
0.100
Ridley Creek
F17
-
41
5.18
7.20
2.00
0.083
Ridley Creek
F17
-
42
NSV
Ridley Creek
F17
-
43
14.35
16.35
2.00
0.116
Ridley Creek
And
22.35
23.35
1.00
0.594
Ridley Creek
F17
-
44
46.00
65.40
19.40
0.927
Ridley Creek
Includes
46.00
48.59
2.59
5.824
Ridley Creek
And
62.27
65.40
3.13
0.919
Ridley Creek
F17
-
45
27.70
28.20
0.50
0.339
Ridley Creek
And
48.08
49.07
0.99
0.608
Ridley Creek
F17
-
46
18.93
19.51
0.58
0.274
Ridley Creek
And
73.93
74.43
0.50
0.213
Ridley Creek
And
76.72
77.33
0.61
0.106
Ridley Creek
And
78.15
79.00
0.85
0.113
Ridley Creek
F17
-
47
15.93
17.40
1.47
0.078
Ridley Creek
And
53.65
55.55
1.90
0.054
Ridley Creek
F17
-
48
62.63
63.35
0.72
4.653
Ridley Creek
F17
-
51
15.30
28.35
13.05
0.124
Ridley Creek
Includes
20.25
21.05
0.80
0.764
Ridley Creek
F17
-
53
15.60
17.35
1.75
0.175
Ridley Creek
F17
-
54
42.74
43.74
1.00
0.074
Ridley Creek
F17
-
55
NSV
Ridley Creek
F17
-
56
11.45
12.30
0.85
4.161
Ridley Creek
F17
-
57
21.44
26.26
4.82
0.516
Ridley Creek
F17
-
58
20.72
21.85
1.13
0.108
Ridley Creek
F17
-
59
22.50
23.50
1.00
0.227
South Grid
F17
-
60
41.00
42.00
1.00
0.181
South Grid
And
186.30
187.80
1.50
0.149
South Grid
F17
-
61
14.58
17.65
3.07
0.496
South Grid
And
26.48
27.30
0.82
0.111
South Grid
F17
-
62
99.00
103.00
4.00
0.239
South Grid
And
122.00
124.40
2.40
0.129
South Grid
F17
-
63
36.50
37.00
0.50
0.141
South Grid
And
57.10
57.60
0.50
0.153
South Grid
And
58.75
60.55
1.80
0.192
South Grid
And
80.00
80.90
0.90
0.282
South Grid
And
87.72
88.30
0.58
0.168
Creek Zone
F17
-
64
0.00
0.70
0.70
0.991
Creek Zone
And
65.90
67.15
1.25
0.197
Creek Zone
F17
-
65
89.05
89.75
0.70
0.831
Creek
Zone
F17
-
66
3.54
5.00
1.46
0.112
2017 Fox Surface Trench Summary
Zone
Trench
From
To
Width
W03
Comment
(m)
(m)
(m)
%
On width
Creek Zone
17CZ
-
1
0.00
1.00
1.00
1.165
Creek Zone
17CZ
-
1
4.70
5.60
0.90
0.716
Creek Zone
17CZ
-
1
6.00
7.10
1.10
1.100
Creek Zone
17CZ
-
1
8.90
9.70
0.80
0.163
RC south
17RCS
-
1
1.00
4.30
3.30
0.913
Open
RC south
17RCS
-
2
0.00
0.35
0.35
0.438
Open
RC south
17RCS
-
3
0.00
0.70
0.70
0.698
Open
RC south
17RCS
-
4
0.00
1.65
1.65
0.236
Open
RC south
17RCS
-
5
0.00
0.45
0.45
0.559
Open
RC Main
17RC
-
2
0.00
1.00
1.00
2.282
Open
On Deception Mountain, substantially unexplored gaps occur between the two
high grade
resource areas at the BN and Ridley Creek deposits, between Ridley Creek and the BK
zones, and further northwest of the BK. The Nightcrawler and South Grid
are within
a 3
km by 2 km area containing surface
rock
and drill core results indicating a large
-
sca
le
mineral system occurs
and
potentially economic drill intercepts that warrant follow
-
up.
The Fox property contains seven zones in a 10 km by 3 km area, with current resources
within two deposits having among the highest tungsten grade.
The Company will
be
updating the resource for the project in Q1 2018 and
results of geological work and other
base metal analyses are pending.
On behalf of the Board of Directors,
“David E Blann”
____________________
David E Blann, P.Eng.
President, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
David Blann, President, CEO
Corporate Office:
Phone: 604.662.8310
Email:
Website:
www
.happycreekminerals.com
Corporate Communications
Ron Birch: Phone: 250.545.0383
Toll Free: 1.800.910.7711
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news
release
.
Da
vid Blann,
P.Eng. is a Qualified Person
as defined by National Instrument 43
-
101 and is responsible for the preparation and
approval of the technical information disclosed in the news release.
S
amples are derived from ½ core cut by rock saw and shipped to, prepared and analyzed at SGS
Laboratories in
Burnaby, British Columbia.
SGS Burnaby is
ISO 9001:2008
certified.
Drill core samples
of all calc silicate
are
digested and analyzed by aqua regia and ICP
-
MS
and if greater than 40 ppm W (tungsten) they are re
-
analyzed by
peroxide fusion an
d ICP
-
AES for percent tungsten (W), respectively. Over limit samples greater than 4% W are
re
-
analyzed for tungsten by XRF. W is multiplied by 1.261 to obtain WO3 (tungsten trioxide) the compound for which
tungsten prices are quoted. The Company routinely
inserts blanks, certified standards and duplicate samples within
the submitted drill core batches submitted for assay as part of its quality control procedures.
This press release contains "forward
-
looking information" within the meaning of applicable se
curities laws, including
statements that address capital costs, recovery, grade, and timing of work or plans at the Company’s mineral
projects. Forward
-
looking information may be, but not always, identified by the use of words such as "seek",
"anticipate",
"plan", "planned", "continue", "expect", “thought to”, "project", "predict", "potential", "targeting", "intends",
"believe", “opportunity”, “further” and others, or which describes a goal or action, event or result such as "may",
"should", "could", "would
", "might" or "will" be undertaken, occur or achieved. Statements also include those that
address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion
of mineralization, potential type(s) of minin
g, potential grades as well as to Happy creek’s ability to fund ongoing
expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries
and grades, favorable operating conditions, access, political stabil
ity, obtaining or renewal of existing or required
mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any
mineral resources, anticipated costs and expenditures. Assumptions may be based on facto
rs and events that are not
within the control of Happy creek and there is no assurance they will prove to be correct. Such forward
-
looking
information involves known and unknown risks, which may cause the actual results to materially differ, and/or any
fut
ure results expressed or implied by such forward
-
looking information. Additional information on risks and
uncertainties can be found within Financial Statements, Prospectus and other materials found on the Company’s
SEDAR profile at www.sedar.com. Although
Happy creek has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward
-
looking information, there can be
no assurance that such information will prove to be accurate
as actual results and future events could differ materially
from those anticipated in such statements. Happy creek withholds any obligation to update or revise any forward
-
looking information, whether as a result of new information, future events or otherw
ise, unless required by law.