6.3m of 0.43% W03 at Nightcrawler zone, Fox tungsten property
Happy Creek
drill
s
6.3m of 0.43% W03 at Nightcrawler zone,
Fox
tungsten
property
November
4
,2019
–
Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the
“Company
”
)
,
is pleased to
provid
e
an update
on its
100% owned
F
ox tungsten
project in south
central
B.C., Canada
.
In 2019, t
wo drill holes
were completed
at the Fox tungsten proper
ty
totalling 372.5m
in
the
Nightcrawler zone within
logging clear
-
cuts and roads.
Since 2017, t
he Company
has
done
more
detailed
work in
this area and recognized a potential resource opportunity based on several
widely
spaced
holes containing encouraging grade
-
widths
.
The two holes
returned 4m of 0.29% W03 in
F19
-
01
and 6.3m of
0.43% W03
in F19
-
02
.
Summary of 2019 Drill Results Nightcrawler Zone
Drill
From
To
Interval
W03
Hole
m
m
m
%
F19
-
01
186
.0
190
.0
4.0
0.29
F19
-
02
71.5
77.8
6.3
0.43
Incl
74
.0
77.8
3.8
0.59
At the Nightcrawler zone, there are
multiple tungsten
-
bearing calc silicate layers that extend for
three km along strike and at least 500 metres down dip. Fiv
e
drill
holes have
now
cut
a
tungsten
calc silicate
/
skarn layer in an area approximately 500 metres by 250 metres
in dimension
with an
average
thickness of approximately
5 metres
and
similar
grade
to F19
-
02
. This zone
dips
around
30 degrees
south
-
southeast,
remains open and is thought
to daylight at surface on the north side
of Deception Creek
.
David Blann, President of Happy Creek states “
Drilling at the Nightcrawler zone was designed
to
test
with two holes
the continuity and grade
of a
tungsten
-
bearing calc
-
silicate layer
.
The two
h
oles are over 400 metres apart and
each
contain
s
a
significant
intercept
.
T
his mineralized calc
silicate layer
is thought to have
sizeable resource potential
with
grades
comparable to other
underground tungsten development projects globally
.
We will conduc
t further
drill
-
testing
of the
Nightcrawler in the spring when we resume work at higher elevations.
”
Further to the press release dated September 30
th
, 2019 poor weather and early snow conditions
were not considered safe or cost
-
effective for starting a he
licopter
-
supported drill program
at
higher elevations
which
was planned
to test for extensions
of the
high
-
grade resources at the
Ridley Creek and BN tungsten deposits
.
About the Fox tungsten property
The Fox tungsten property is located 75 km northeast of 100 Mile House in south Central B.C.
The Company has advanced the
project
from an early stage
to discovery
and a
s announced
February 27, 2018,
it
currently
hosts a resource of 582,400 tonnes of 0.826%
WO
3
(indicated)
and 565,400 tonnes of 1.231% WO
3
(Inferred), that is among the highest grade in the western
world
,
and
a portion
is
within an open pit
shell
.
The Fox has a mineral system
with dimensions of
12km by 5 km
and
n
u
merous
surface
showings
of tun
gsten and drill holes with intervals
above
cut
-
off grade
that are
open.
More detail on the Fox tungsten
propert
y
can be found on the Company’s website at
www.happycreekminerals.com
.
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
.
Office:
Phone: 604.662.8310
Email:
Website:
www.happycreekminerals.com
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 adeq
uacy or accuracy of this release.
David Blann, P.Eng.
, Director,
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
analyzed
by
multi
-
element
ICP
-
MS
and XRF assay for
tungsten
(W)
. 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 th
e 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 securities laws, including
statements that address capital costs, rec
overy, 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 a
lso 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 mining, potential grades as well as to Happy creek’s ability to fund ong
oing expenditure, or
assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades,
favourable
operating conditions, access, political stability, 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 factors and events that are not within the control of
Happy creek and t
here 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 future results expressed or
implied by such forward
-
looking informati
on. 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 otherwise, unless required by law.