Happy Creek Mobilizes Drill to Fox Tungsten Project, British Columbia
Happy Creek Mobilizes Drill to Fox Tungsten Project, British Columbia
September 09, 2021, Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX-V: HPY)
(“Happy Creek” or the “Company”) is pleased to report that a skid-mounted diamond drill rig has
been mobilized to the Company’s wholly owned Fox Tungsten Project (“Fox Tungsten”) in
southern British Columbia.
At Fox Tungsten, a minimum of 2000 m of drilling will test promising targets that are accessible
from logging roads and short spurs in the Nightcrawler - Creek area. Due to a shortage of drill
contractors, particularly with experience in heli-supported drilling, a previously announced plan to
drill gold-silver targets on the nearby Silverboss project has been postponed to 2022.
Michael Cathro, Happy Creek’s Interim President and CEO stated: “ Fox Tungsten is the
Company’s most advanced project and Management believes the Nightcrawler – Creek area is
one of the best areas to add high-grade tonnes at shallow depth.”
The twin goals of the 2021 drill program are to expand the area of known mineralization and to
tighten-up the drill spacing to allow for a maiden resource estimate in the Nightcrawler – Creek
zone. This would add to the Fox Tungsten project’s existing resource estimate established on
three deposits, which are located five kilometres to the north (see April 12, 2018 report entitled
“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, by Pierre Desautels, P. Geo, AGP Mining
Consultants Inc. and Paul Berndt, FAusIMM) available on the Company’s website or posted under
the Company's profile on www.sedar.com.
The drill program will begin in the Creek East area and will include step-outs around high-grade
mineralization discovered in 2020 drillhole F20-06. That hole intersected 3.38 m grading 1.08%
WO3 (Tungsten Trioxide) at a vertical depth of 110 m and is open for several hundred metres in
all directions. Another important consideration is that the tungsten is present within an 80 m-thick
package of calc-silicate (skarn) host rocks, one of the thickest horizons found at Fox Tungsten to
date. The drilling will initially focus on areas north of hole 20-06, where the tungsten mineralization
is predicted to come closer to surface, and where 2021 geological work has discovered boulders
and sub-cropping calc-silicate host rock containing scheelite, the primary tungsten mineral at Fox
Tungsten.
Drilling will also step-out on other targets further west in the Nightcrawler – Creek target area,
where previous drilling has encountered good grades and/or thicker zones of tungsten
mineralization.
The drill program is expected to be completed in October with assay results expected in early
December.
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%-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.
About Fox Tungsten
Fox Tungsten is a high-grade critical mineral project that Happy Creek has advanced from initial
discovery to the drill definition stage. Three deposits (BN, RC and BK) have a resource estimate
of 582,400 tonnes grading 0.826% WO 3 (Indicated) and 565,400 tonnes grading 1.231%
WO3 (Inferred). These resource grades are among the highest reported worldwide, and the
deposits are open for expansion within a robust tungsten mineral system that is 12 by 5 kilometres
in size.
About Tungsten
Tungsten is a rare, heavy and hard element used mainly in cemented tungsten carbide and high-
speed alloy cutting tools and other high-tech applications. Tungsten has been declared a “critical
mineral” by governments in Canada, USA and EU. Currently 85% of world production comes from
China.
More information on the Company’s projects can be found on the website at
www.happycreekminerals.com.
The Company operates with the principles and guidelines set out for COVID-19 that are
established by provincial health and safety authorities to protect workers and the communities in
which the Company operates.
On behalf of the Board of Directors,
“Michael Cathro”
Interim President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael Cathro, P.Geo, Interim President and Chief Executive Officer
Office Phone: (604) 662-8310
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is def ined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Michael Cathro, P.Geo. 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. The reader is cautioned that results
or information from an adjacent property does not infer or in dicate similar results or information will or does occur on
the subject property. Historical information from the subj ect 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, identi fied by the use of words such as "seek", "anticipate",
“foresee”, "plan", "planned", "continue", "expect", “thought to”, "project", "predict", "potential", "tar geting", "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 miner alized zone, potential expansion of
mineralization, potential type(s) of mini ng, 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 conditi ons, access, political stab ility, 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. Assumpti ons may be based on factors and events that are not within
the control of Happy Creek a nd 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 Statem ents, Prospectus and other materials f ound on the Company’s SEDAR profile at
www.sedar.com. Although Happy Creek has attempted to identify im portant factors that coul d 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. H appy 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.