Happy Creek Completes 2025 Drill Program at the Fox Tungsten Project in British Columbia
Happy Creek Completes 2025 Drill Program at the
Fox Tungsten Project in British Columbia
October 28, 2025, Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX-V: HPY)
(“Happy Creek” or the “Company”) is pleased to announce the completion of the first tranche of
drilling at the Fox Tungsten Project in the South Cariboo district of British Columbia (the “Fox
Project” or the “Project”).
Highlights
Eighteen diamond core drill holes were completed at the Fox Project for a total of 2,176
metres drilled during the period from September 5th to October 5th, 2025.
The drilling was focused on the expansion of the tungsten resource at the Ridley Creek
(RC), and BN zones (see Figure 1) and the identification of new zones. Every hole drilled
was observed to intersect the calc silicate (the main host rock for tungsten mineralization)
that contains zones with variable concentrations of scheelite (tungsten mineral) as
observed by Ultra-Violet (UV) lamping in the core1.
Drilling at the RC south zone has defined continuity of and expanded the calc silicate
horizon to the southwest and is clearly open to the west beneath Deception Mountain.
Drilling at the northwest side of the BN Zone intersected several calc silicate horizons that
support a stacked layer model with one horizon some 200 metres below surface. Only a
few previous holes intersected the lower horizon. The 2025 drilling clearly indicates the
calc silicate horizons and associated tungsten mineralization are open to the west and
north beneath Deception Mountain and there remains potential for additional horizons at
depth.
Happy Creek, President and CEO Jason Bahnsen commented “ We are pleased with the drilling
achieved at the Fox Tungsten Project this season. We had a relatively late start to the season but
completed 18 drill holes with scheelite mineralization observed in every hole. Importantly, the
deeper drilling at the BN Zone (Holes 16 to 18) intersected two thick zones of calc silicate
approximately 100 metres between each other. This is significant in that it supports the concept
for multiple mineralized horizons at depth that remain open. All core has now been delivered to
ALS Laboratories in Vancouver for analysis. “
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Fox Project - 2025 Exploration Program
During the period from September 5 to October 5, 2025, Happy Creek completed 18 NQ diameter
diamond core drill holes (total 2,175.5 metres) at the Fox tungsten Project focused on resource
expansion at the RC and BN zones (See Figure 1 and Table 1 for details).
In 2018, Happy Creek published a NI43-101 Resource Estimate for the Fox Tungsten Project.
The resource estimate included an Indicated Resource of 582,400 tonnes at 0.826% WO 3, all
located within the RC Zone. The 2018 NI43-101 Resource Estimate also included an Inferred
Resource of 565,400 tonnes at 1.231% WO 3 located predominately at the BN Zone (453,000 @
1.321 WO3). (See Happy Creek news release dated February 27, 2018 for full details, reference
NI 43-101 Resource Update, Desautels and Berndt, April 9, 2018).
Figure 1 – Fox Project Diamond Drilling 2025
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RC Zone
At the RC zone, the tungsten mineralization is located almost exclusively in the calc-silicate unit.
This lithological unit intercalates with a biotite schist unit and monzogranite and alaskite sills are
subparallel to cross-cutting these units.
The RC zone is currently approximately 400 metres by 175 metres in dimension. It is a gently
dipping to the west tabular body approximately 5 metres to 25 metres in thickness with the top at
surface on the east and approximately 25-75 metres below surface to the west.
2025 RC Zone Drilling
A total of 14 diamond core drillholes were completed at the RC zone during the 2025 field season
for a total of 1,304.5 metres drilled and an average hole depth of approximately 92 metres (See
Table 1).
The focus on the 2025 drill program at the RC zone was to explore the extent of the calc silicate
hosted tungsten mineralization mainly to the west and south and in-fill gaps on the eastern side.
Most holes were drilled to the south where almost no previous drilling was done and are well
beyond the southern limit of the resource area. Previous exploration work done at this southern
part is mainly surface geology, rock sampling and limited hand trenching in 2025 that returned up
to 2.6% WO 3 over 0.30 metres. The drilling confirmed geological continuity of the calc silicate
from surface on the east to approximately 50 metres in thickness westward and expanded it some
250 metres southward from the RC zone towards the BN zone. The 2025 drilling clearly shows
the calc silicate horizon continues westward the entire length of the RC zone and is open beneath
Deception Mountain.
Selected core intervals representing 611 individual samples from the RC zone have been sent to
ALS Geochemistry Laboratories in Vancouver for assay.
Figure 2- RC Zone Geology Illustration with Holes F25-09 to F25-11 Looking North
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BN Zone
The BN zone consists of three stacked calc silicate horizons intercalated with biotite schist that
are cut by varying thicknesses of monzogranite, alaskite to aplite intrusive sills and/or dikes. The
BN zone occurs adjacent the large Deception stock, a two-mica monzogranite, and the intrusive
sills are generally thicker than at the RC zone.
The Middle horizon of the BN zone is currently the best defined and contains most of the current
resource that is approximately 20 to 80 metres below surface. Overall, the drill-defined BN zone
is approximately 300 metres by 350 metres in dimension and outcrops to the east and dips west
to northwest. Scheelite mineralization at the BN zone is mainly associated with the calc-silicate
zones which can be either within the intrusive sills (endo-skarn) and in the surrounding carbonate-
sedimentary rocks altered to calc silicate (exo-skarn).
2025 BN Zone Drilling
A total of four diamond core drillholes (F25-15, F25-16, F25-17, F25-18) were completed at the
BN zone during the 2025 field season for a total of 871.0 metres drilled and an average hole depth
of approximately 218 metres (See Table 1).
The 2025 drilling tested the potential for mineralized calc silicate horizons to extend to the
northwest and at depth to demonstrate the resource expansion potential of the zone.
Drillholes F25-16, F25-17 and F25-18 intersected multiple horizons of calc silicate ranging from
60 metres to 120 metres depth plus a deeper calc silicate horizon at approximately 175 to 225
metres depth. This second horizon of calc silicate is approximately 100 metres below the upper
horizons and supports the model of stacked calc silicate horizons at depth.
The presence of a lower calc silicate horizon intersected in the three 2025 holes is important as
it clearly shows potential for mineralization at the BN zone to be open to the north and northwest
beneath Deception Mountain.
Selected core intervals representing 218 individual samples from the BN zone have been sent to
ALS Geochemistry Laboratories in Vancouver for assay.
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Figure 3 – BN Zone Geology Illustration with Holes F25-17, F25-18 Looking North
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Table 1 – Fox Project Diamond Drilling 2025
Table 2 - 2018 Fox Project Mineral Resource Estimate
For full details of the 2018 Fox Project Mineral Resource see the report by Pierre Desautels, P.
Geo, AGP Mining Consultants Inc. and Paul Berndt, FAusIMM, dated April 9, 2018 and titled “NI
43-101 Resource Update for the RC and BN Zones and Maiden Resource Estimate for the BK
Zone of the Fox Tungsten Project British Columbia” available on the Company’s website at
www.happycreekminerals.com and on the Company’s SEDAR+ profile at www.sedarplus.ca
Selected Core Photos
Core photos are provided for illustrative purposes only. 1Readers should not rely on visual
observations of mineralization on drill core surfaces as presented in core trays as it may not be
representative and mineralogy is uncertain. Laboratory assays are required for representative
estimates of tungsten and other metal contents abundance.
Photo 1 A/B: Drillhole F25 – 13, BN Zone Calc Silicate Horizon at 31 metre depth showing cut
core with and without UV lighting indicating the presence of scheelite mineralization
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Photo 2 A/B: Drillhole F25 – 17, BN Zone Calc Silicate Horizon at 106 metre depth showing cut
core with and without UV lighting indicating the presence of scheelite mineralization
Prospecting
During 2025, reconnaissance prospecting was performed along several recent roads constructed
for a fire in 2022 at the far south end of the Fox property. Boulders, subcrop and outcropping
marble, calc silicate and the key monzogranite was identified some 4 km south of the South Grid/
Nightcrawler area. This area is mostly covered, outcrops are generally small and very far apart,
with weaker calc silicate alteration, however rocks containing trace scheelite under UV light were
identified. These rocks are the same as found in the north which hosts more significant
mineralization. Together with known tungsten mineralization at surface or in drill core, the overall
length of the Fox tungsten mineral system is now approaching approximately 14 km.
Next Steps
The Fox tungsten property contains a large-scale tungsten mineral system that has generated a
significant and high-grade resource, while most of the property remains unexplored or
underexplored. The overall area with the favorable geology and multiple targets identified to date
suggests excellent opportunity for additional deposits to be found. Preliminary plans include
follow-up drilling between the RC and BN zones, at the BK zone, and to the west beneath
Deception Mountain as well as at the Nightcrawler and South Grid targets, and conducting more
primary geology and surface work including geophysics in the areas having limited or no
information.
Corporate Options
The Company advises that it is not proceeding with the incentive stock option grant announced
on October 10, 2025.
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Qualified Person Statement
The technical and scientific contents of this release have been prepared, verified and approved
by David Blann, P.Eng., a director of the Company, and a qualified person pursuant to National
Instrument 43-101, Standards of Disclosure for Mineral Projects.
On behalf of the Board of Directors,
“Jason Bahnsen”
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jason Bahnsen
Telephone: 604-590-1525
Email: [email protected]
About Happy Creek Minerals Ltd.
Happy Creek is focused on making new discoveries and building resources in proximity to
infrastructure on the Company’s 100-percent-owned portfolio of diversified metals projects in
British Columbia.
Projects include the high-grade Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-
silver project adjacent to Glencore’s closed Boss Mountain molybdenum mine and the adjacent
Hen-Art-DL gold and silver project.
On November 7, 2024, Happy Creek announced the closing of the sale of the Highland Valley
Copper Project to Metal Energy Corp. (TSX:V MERG) (“Metal Energy”). Happy Creek holds 9.9%
of Metal Energy issued capital.
Happy Creek is committed to responsible mineral resource development. The Company’s priority
is to build and sustain mutually beneficial relationships with Indigenous Communities in the
territories in which the Company explores.
Additional information relating to Happy Creek Minerals Ltd. may be obtained or viewed on the
SEDAR+ website at www.sedarplus.ca or on the Company’s website at
www.happycreekminerals.com.
Forward Looking Statement