Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company ” ) , is provid ing results of further
Happy Creek
samples
519
g/t silver
at
Fox
tungsten property
and prepares for 2019
March 2
5
th
,2019
–
Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the
“Company
”
)
,
is
provid
ing
results
of
further
work completed in
the
late
fall of
2018
on
i
ts 100%
owned
Fox tungsten
propert
y
in
south central
B.C., Canada
.
The Company has advanced the Fox property from an early stage. As announced February 27,
2018, the project hosts a
calc
-
silicate/skarn
resource of 582,400 tonnes of 0.826% WO3
(indicated) and 565,400 tonnes of 1.231% WO3 (Inferred), that is among the highe
st grade in the
western world
, with a portion hosted within an open pit
. Numerous other tungsten showings with
high grade
tungsten
at surface or above cut
-
off grade
in drill holes
occur and all zones are open.
During the fall of 2018, Happy Creek conducte
d reconnaissance
prospecting
on the west and
south side of the Fox property
where r
ecently constructed logging roads provide access to areas
not previously explored. Rock grab samples from the southern side of the property returned
positive silver values i
n quartz veins, and from the west side of the property
stream sediment
samples
returned positive tungsten values
.
2018
Fox South
Rock Sample Summary Table
Sample
Ag
g/t
Pb
%
F18
-
DR
-
3
186
4.47
F18
-
D
R
-
6
519
7.33
F18
-
DR
-
8
202
2.95
Located approximately
4
km south
east
of the South Grid tungsten prospect, t
he
se
sample
s are
from the first look at
a
new
area where quartz veins
with
galena
(lead sulphide)
cut monzogranite
,
alaskite intrusive and Snowshoe
F
ormation metasediment. Trace ele
ments include geochemical
values of up to 81 ppm tellurium and greater than 2,000 ppm bismuth.
Calc silicate, the host to
tungsten skarn on the property was found nearby before snow made road
s
impassible.
Further to the news release dated November 21, 2018
, stream sediment sampling at low
elevations on the west side of Deception mountain have returned positive tungsten. Three
samples returned 15 ppm W, and one sample contains 14 ppm that
together
covers four
drainages
over
approximately
2
km along the base
of the
mountain. For reference, the creeks
draining the current resource areas returned similar values.
David Blann, P.Eng., President of Happy Creek states: “The Fox continues to
generate new
showings and
become more exciting as we
appreciate
the potentia
l for the current
tungsten
resource host rock layers to extend
5 km
through
Deception M
ountain onto the western side
.
In
addition, we have
previously
found elevated silver values in proximity to our
current
high
-
grade
tungsten deposit
s, so
the
new
silver
-
bearing samples
and nearby calc silicate
are thought to be
related to
the
South Grid tungsten zone
over 4 km to the northwest
.
”
Exploration conducted during 2018 has expanded the Fox mineral system to 12 km by 5 km in
dimension
which has
increased
the potential for further tungsten
resource expansion
.
The
Company is preparing to conduct
surface exploration, drilling, engineering and environmental
studies and has received estimate
s
for conducting a preliminary economic assessment.
More detail on the Fox tungsten
propert
y
can be found on the Company’s website at
www.happycreekminerals.com
.
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
,
James Berard,
C
orporate
Communications
Office:
Phone: 604.662.8310
Email:
We
bsite:
www.happycreekminerals.com
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.
David Blann, P.Eng.
, Director,
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.
Preparation
and analyses
of
rock and stream sediment samples
were
completed
at
SGS Laboratories in
Burnaby, B.C. using a
GE_ARM133 ICP
multi
-
element package with aqua regia digestion
which is
only partial for tungsten. Over
-
limit silver and base metals
were re
-
analysed using fire assay FAA 303 and XRF 77B method, respectively.
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", "plan",
"planned", "cont
inue", "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 u
ndertaken, 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 we
ll 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 renewa
l 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. Assumptions may be based on factors and events that are n
ot 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 Statements, 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 eve
nts or otherwise, unless required by law.