Happy Creek drilling begins at the Fox tungsten property
Happy Creek drilling begins at the Fox tungsten property
July 13, 2017 – Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV:
HPY) (the “Company”)is pleased to announce that exploration is underway on its 100%
owned Fox tungsten property, located 90 km northeast of the town of 100 Mile House,in
south central B.C., Canada.
The Company has mobilized crew and equipm ent to begin a program of between 35-50
drill holes for a total of approximately 5,000 metres. The goal for phase one exploration
is to expand the project’s current resource . Thereafter, work is proposed to consist of
geology, engineering, and env ironmental studies for a preliminary economic
assessment.
On January 26 th, 2017, the Company an nounced resources for two of seven known
zones that occur within the 10 km by 3 km mineral system. Together, the Ridley Creek
and BN zones contain 486, 000 tonnes grading 0.817% WO 3 (Indicated) and 361,000
tonnes grading 1.568% WO 3(Inferred). For a portion of t he Ridley Creek zone, there is
329,000 tonnes of 0.759% WO 3 (Indicated) having a strip ra tio of 3.3:1. The resources
are open to expansion and the grades are comparable with the Cantung mine located in
the Yukon/Northwest Territories, regarded as the highest-grade tungsten mine in the
western world until it closed a few years ago.
David Blann, President and C. E.O. of Happy Creek states: “During 2016, we increased
the contained tungsten of the Fox property by two and a half times, and look forward to
our 2017 program. With amongst the industr y’s highest grade,a large mineral system
and proximity to infrastructure, the Fox pro perty has the potential to be an important
new development project.”
The Company is also monitoring the wildfire situation located in the 100 Mile House
area of B.C. At this point, fires are over 90 km away to the west of the Fox property and
no disruption of work has occurred. Vari ous on-site fire safety and evacuation
procedures have been developed that are ready to implement in case it is necessary.
Further to the press release dated June 6 th, 2017, the Company has completed
1,763.97 metres in six holes at its 100% ow ned Rateria copper property in the Highland
Valley district of B.C. T he Highland Valley district is home to Canada’s largest open pit
copper producer, where five deposits have achieved commercial production.Results
may be expected in early August and will be announced when received.
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: [email protected]
Website: www.happycreekminerals.com
Corporate Communications
Ron Birch: Phone: 250.545.0383
Toll Free: 1.800.910.7711
Readers are cautioned that results or information from an adjoining property do not infer that similar results or
outcomes will occur on the subject property. 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.David 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.