Happy Creek Minerals Ltd. Completes Field Work at Highland Valley
Happy Creek Minerals Ltd. Completes Field Work at Highland Valley
December 18, 2023, Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX -V: HPY)
(“Happy Creek” or the “Company”) is pleased to report that field work is complete at the
Company’s 100% owned, 240 square- kilometre Highland Valley project in southern British
Columbia.
A wide-spaced 3D audio-magnetotelluric (AMT) geophysical survey, soil geochemical sampling,
mapping and prospecting, and a 3D magnetic inversion were completed on the Rateria portion of
the property. The new work was completed in the vicinity of the Zone 1 and Zone 2 copper
deposits, as well as the lightly explored Mystery and Billy Lake targets (see October 11, 2023
news release) . Geology and rock sampling was also performed on the Abbott portion of the
Company’s West Valley property. Soil and rock samples have been delivered to the lab and
results are expected in early 2024.
Happy Creek’s President and Chief Executive Officer Mr. Michael Cathro commented: “The
Company is constantly trying to squeeze the most information we can from relatively low-cost
exploration tools. Preliminary results of the AMT survey are very promising in identifying large
electrically conductive anomalies near known copper mineralization. We eagerly await the final
3D inversions for the AMT and magnetic data. These are deep- looking surveys that can help
identify large-scale structures associated with porphyry copper centres and will help guide future
drilling”.
Highlights of the work include:
• 175 soil and stream sediment geochemical samples were collected, primarily over the
Mystery target and east of Billy Lake, where coverage was previously lacking.
• Follow-up geological mapping, prospecting and rock sampling was performed at the
Mystery, Zone 2 Northeast Extension, Billy Lake, and West Sho targets on Rateria
property, and at the Abbott prospect on the West Valley property.
• For the first time in the history of this project area, a ground-based audio-magnetotelluric
survey was completed in the northern part of the Rateria property. AMT is a natural-source
geophysical method that measures changes in earth resistivity that can be associated with
changes in rock types, alteration, structure and sulphide mineralization, The method is a
deep-looking complement to shallow resistivity information collected through previous IP-
DC resistivity surveys.
• Three proof-of-concept AMT test lines were completed first and preliminary results
suggest the method is successful in identifying large-scale conductive zones extending to
over one kilometre in depth at the Mystery, Zone 2 Northeast Extension, and Billy Lake
target areas, which are known to contain porphyry style copper mineralization near
surface. Based on these preliminary test lines, additional AMT surveying was completed
to infill and expand the coverage area more completely around the Zone 1 and Zone 2
copper deposits that remain open. Processing of a 3D inversion model of the AMT data is
now underway.
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• Finally, the Company completed 3D inversions of the 2021 Rateria airborne magnetic
survey. Porphyry copper mineralization on the project and in the greater Highland Valley
mining district is generally associated with relative magnetic low features. Like the AMT
survey, magnetic inversion provides a 3D model from surface to over one kilometre below
surface to help identify potential porphyry copper centres which are associated with
magnetic destructive alteration and/or intrusions with a low magnetite content.
Indigenous Communities
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.
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. The Company’s Management, Board of Directors and Technical Advisors have
solid expertise and depth in the mineral resource sector and capital markets.
Additional information relating to Happy Creek Minerals Ltd. may be obtained or viewed on the
SEDAR+ website at www.sedar.com or on the Company’s website at
www.happycreekminerals.com.
About Highland Valley
The 100- percent-owned Highland Valley project, comprising the contiguous West Valley and
Rateria properties, covers 240 square kilometres and is a quality, underexplored exploration
copper asset in the world-class Highland Valley district. The Company’s property package adjoins
the Highland Valley Copper (HVC) mine. The mine, Canada’s largest copper producer, has been
in production for 60 years 1. Happy Creek’s Zone 1 and Zone 2 discoveries, which lie just 6.5
kilometres southeast of HVC’s Highmont open pits*, show laterally continuous mineralization that
has been outlined with 28,000 metres of drilling and remain open in several directions. The
Company also continues to generate new copper targets within this large and prospective
property.
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 q ualified person pursuant to National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
References and Disclosure
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of
mineralization hosted on the Company’s property.
On behalf of the Board of Directors,
“Michael Cathro”
President and Chief Executive Officer
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FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Cathro
Telephone: 604-590-1525
Email: [email protected]
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.
The reader is cautioned that results or information from an adjacent property does not infer or indicate similar results or i nformation
will or does occur on the subject property. Historical information from the subject or adjacent property cannot not be relied upon as
the Company’s QP, a term which was created and defined under NI-43-101, has not prepared nor verified the historical information.
This press release 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, 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 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, metallurgical recoveries and grades,
favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, li censes 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 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 information. Additional
information on risks and uncertainties can be found within Financial S tatements, 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.