Rateria property , Highland Valley, B.C. September 8 , 201 7 –
Happy Creek
expands
Rateria property
, Highland Valley, B.C.
September
8
,
201
7
–
Vancouver, British Columbia.
Happy Creek Minerals Ltd. (TSXV:
HPY)
(the “Company
”
)
announce
s that it has added 14.52 square kilometres of mineral
claims
at
its
100% owned
Rateria copper
property in the Highland Valley,
B.C., Canada.
The Company has entered into a purchase and sale agreement with two arm’s length
vendors
to
acquire a 100% interest in mineral claim tenures that cover
350.36 hectares
,
and
located approximatel
y 20 km northeast of Lower Nicola in the province of British
Columbia, Canada. In total, the Company will pay $30,000 in cash to the vendors and
issue 50,000 common shares at a deemed price of
$0.20
per share. The shares will be
subject to a 4 month hold
period commencing on the date of closing.
Completion of the acquisition is subject to the approval of the TSX Venture Exchange.
In addition, the Company acquired
by staking for its own account,
mineral claim tenures
totaling 1,195.63 hectares
.
In total, the Company
a
cquired 14.52 square kilometres of
mineral claim tenure that adjoin to the east, the Company’s Rateria copper property.
About the property
The Company is exploring over 200 square kilometres of mineral tenure that adjoin and
surr
ound the southern end of the Highland Valley Copper property of Teck Resources,
Canada’s largest base metal mine
.
The Rateria
-
West Valley property is thought to be a
quality copper exploration asset
in a
district
where four porphyry
copper
deposits and on
e
copper
skarn have achieved commercial production
.
The newly acquired property,
formerly known as the Chataway property
,
was explored
per
iodically since the late 1800’s with more modern work completed between the late
1950’s and 20
11
.
This property conta
ins several copper prospects, although
approximately 95% of the area is covered by complex glacial till
that
limited
historical
exploration effectiveness. Portions of the
new
property
that are
located near the Rateria
property are thought to
have the poten
tial
to host extensions of the known mineralized
zones on the Rateria property.
On August 29, 2017
,
the Company announced
that
d
rill
ing at Zone 2 on the Rateria
property
returned
1
05.5
m
etres
of 0.
37
% copper, 0.1
4
g/t gold, 1.
9
g/t silver and 0.
63
g/t
rhenium
in drill hole R17
-
05
that
expands
a higher
-
grade area
by
approximately 100
metres
to the
south.
Zone 2 remains open
towards the newly acquired property to the
southea
st.
In addition,
results from
drill hole R17
-
02
included
5.0 metres of 4.4% copper
approximately 200 metres east of Zone 2 that remains open to further expansion.
The Rateria propert
y
contain
s
the Zone 1 and Zone 2 deposits
, located 6.5 km southeast
of the producing Highmont open pit. Drill
results
from Zone 1 and 2 have returned
copper
grades consistent with
other
producing
deposits in the district and
Zone 2
with elevated
gold and rhenium values.
There are also
numerous exploration targets
that have had
limited work performed over the years.
The Company
plans to compile data from the newly acquired
Chataway
property in
context with its latest results
and
has
approved a second phase of drilling in October to
follow up on positive results from R17
-
05.
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:
Website:
www.happycreekminerals.com
Corporate
Communications
Ron Birch: Phone: 250.545.
0383
Toll Free: 1.800.910.
7711
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.
Da
vid 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.
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.