Completes Phase 1 E xploration on the Rateria - West Valley Copper P roperty and engages Renmark Financial
Happy Creek
Completes Phase 1
E
xploration
on
the
Rateria
-
West Valley
Copper P
roperty
and engages Renmark Financial
June 8
,
20
20
–
Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the
“Company
”
)
,
is
pleased to announce
that
the first phase of
field
exploration
is
completed
on
its
100% owned, 24
4
square km Rateria and West Valley property
.
The property surrounds t
he
southeast and southwest side of the Highland Valley
C
opper mine property, Canada’s largest
copper producer
, in south central B.C.
Further to the press release dated May 21, 2020,
Happy Creek has
now completed field
geologi
cal
and geochemical
studies
at
Zone 1, Zone 2 and their surrounding areas, as well as at several
surface prospects on the Rateria
-
West Valley property. This work
utilized a portable
X
-
ray
fluorescence spectrometer
(XRF) and a TerraSpec Halo mineral analyzer
designed to provid
e
vectors to porphyry copper centres.
In addition, stream sediment sampling and prospecting was completed on the western portion of
the West Valley property in areas of limited historical activity.
During this work, a copper showing
was located where the
only information known is a claim post dating from 1961. This prospect is
located approximately 2 km west of the Fir
copper
prospect. Rock samples were collected and
are being submitted for laboratory analyses. At the PIM prospect, soil samples were collec
ted
along the 2019
induced polarization
(
IP
)
grid
lines
. A
reconnaissance geology traverse above
the
positive geophysical anomaly located three
more
copper showings
.
Bedrock
samples with copper
mineralization
now
occur for over one km at surface
suggest
ing
the
IP anomaly
that extends to
over 400 metres in depth,
is sourced at least in part by copper mineralization.
Results from the Phase 1 program will be announced when received
.
David Blann, president, CEO of Happy Creek Minerals
states
:
“
We anticipate
rec
eipt of results
from our Phase 1 work that will guide the priority ranking for drill testing in Phase 2
.
The Highland
Valley copper district has seen four large to giant
-
sized porphyry deposits achieve continuous
production for over fifty years. Our proper
ty lies within a portion of this district having similar
geology, and we have found two new copper zones and clear opportunity to find more.
”
The Company also wishes to announce that it has retained the services of Renmark Financial
Communications Inc. to
handle its investor relations activities.
“
We are pleased to announce that we have selected Renmark
to reinforce Happy Creek Minerals'
profile in the financial community and enhance the visibility of our company. We choose Renmark
because its standards and methodologies fit best with the message we wish to communicate to
the investing public
,
” noted
Dav
id Blann, President & Chief Executive Officer.
In consideration of the services to be provided, the monthly fees incurred by
Happy Creek
Minerals Ltd.
will be a cash consideration of up to $8,000 CAD, starting June 1
st
, 2020 for a period
of six months end
ing on November 30
th
, 2020 and monthly thereafter.
Renmark Financial Communications does not have any interest, directly or indirectly, Happy
Creek Minerals Ltd. or its securities, or any right or intent to acquire such an interest.
About the Rateria and
West Valley property
The Rateria and West Valley mineral propert
ies
is
predominantly
underlain by the Guichon
batholith which hosts four porphyry copper deposits
with
commercial production continu
ing
for
over 50 years.
Happy Creek has
discovered and
partia
lly outlined
with
28,000 metres of
drilling
, Zone 1 and 2
,
which
contain
drill grades consistent with currently mined deposits in the district
.
These are
thought to have near
-
term potential
for resource
definition
and
are located approximately 6.5
km
southeast of the Highmont
open pits
.
Zone 1 and Zone 2 contain drill intercepts including 95 metres of 0.67% copper and 152.5
m
etres
of 0.35% copper, respectively. At
Z
one 1, positive copper values occur in widely
-
spaced
drill holes
in an area of approximately 1 sq km. Zone 2 also contains notable rhenium in molybdenite and
positive gold including 46 metres of 0.64% copper, 0.30 g/t gold, 1.16 g/t rhenium. Rhenium is a
rare metal used in high strength, high temperature ste
el. In 2017, a 150 metre step out hole to
the east of zone 2 returned 5.0 metres of 4.41% copper, 0.03% molybdenum and 6.86 g/t rhenium
that is open.
In addition, the Company has
recently
identified several other areas of the property
with
potential
for n
ew copper discoveries
that are untested by drilling
.
T
he Company considers the Rateria
-
West Valley property to be
a quality
, under
-
explored
copper exploration asset within a
world class,
highly productive
copper
district.
More information on the Rateria a
nd West Valley copper
properties can be found 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
Renmark Financial Communications Inc.
Melanie Barbeau:
Tel: (416) 644
-
2020 or (212) 812
-
7680
www.renmarkfinancial.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 adequacy or accuracy of this release.
David Blann, P.Eng.
, Director,
is a Qualified Person as defined by National Instrument 43
-
101 and is respons
ible for
the preparation and approval of the technical information disclosed in the news release.
Results or information from an
adjoining property does not infer that similar results or information will or does occur on the subject property.
Th
is press r
elease contains "forward
-
looking information" within the meaning of applicable securities 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",
“foresee”,
"plan", "planned", "continue", "expect", “thought to”, "project", "predict", "potential", "targeting", "intends",
"believe", “opportunity”, “further” and others, o
r 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 sc
ale 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 ongoing
expenditure, or assumptions about future metal or mineral prices, currency exchange rates, m
etallurgical 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 there is no assurance they will prove to be correct. Such forward
-
looking information
involves kno
wn and unknown risks, which may cause the actual results to materially differ, and/or any future results
expressed or implied by such forward
-
looking information. Additional information on risks and uncertainties can be
found within Financial Statements, P
rospectus 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 material
ly 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 a
ny obligation to update or revise any forward
-
looking
information, whether as a result of new information, future events or otherwise, unless required by law.