Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company ” ) , is providing an update on i ts 100% owned Rateria copper , Fox tungsten and Hen gold properties in B.C., Canada .
Happy Creek
provides an update
on the Fox, Hen and Rateria properties
September
25
,
2018
–
Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY)
(the “Company
”
)
,
is providing
an update
on
i
ts 100% owned
Rateria copper
, Fox tungsten
and
Hen gold
properties in B.C., Canada
.
The Rateria copper property
-
Highland Valley district
The Company’s Zone 1 and 2 both have drilled dimensions of approximately one km in length, 50
to 150 metres in width and over 350 metres in depth
and
remain op
en
,
with drill grades
comparable to that currently being mined in the district. In early September, an historical access
trail dating from the mid 1950’s near the Sho prospect was cleared and evaluated. The host rock
consists of Bethlehem and Chataway phas
es of the batholith cut by northwest and north trending
mineralized shear, fault and fracture zones. Mineralized zones are exposed in five places within
an area approximately 20
-
40 metres in width and 200 metres in length and open. Malachite and
azurite co
pper oxide minerals with sulphides
(
predominantly bornite
)
occur within quartz
-
k
-
feldspar
-
muscovite
-
sericite veins and fracture fillings from 0.15 to 0.5 metres in width, and
alteration extends into wall rocks for up to a few metres where dominantly chlori
te
-
epidote and
locally tourmaline are noted. The generally narrow mineralized structures appear to increase in
size and become brecciated where northwest and north
-
south structures intersect. Grab samples
collected of the mineralized material range from 0.
06% copper up to 3.59% copper, 287 ppb gold
and 11.9 g/t silver. The average of the 19 selected mineralized samples collected from all five
exposures is 1.68% copper. On September 22, geological mapping on trend some 600 metres to
the southeast of this are
a located a
n outcrop containing
a
1 to 3
-
metre
-
wide series of bornite
-
rich
copper veins
and cross
-
cutting veinlets
that are not recorded in any historical information. This
new prospect is thought to be part of the mineralized structures further to the nor
thwest which
together is at least 800 metres of strike length. Based on geophysical surveys, this area is in
proximity to a wide, mostly covered first order northwest trending structure that cuts the batholith
through the Sho, Moss 4, Zone 1 and South Yube
t prospects, a distance of at least seven km.
The recent work completed around the Sho prospect contribute
s
to the on
-
going geological
vectoring toward new large
-
scale porphyry copper targets in a district hosting Canada’s largest
porphyry copper mine.
Fox
tungsten propert
y
The
F
ox is located 75 km northeast of 100 Mile House, B.C.
In late July, g
eological mapping was
completed
for three days at
several tungsten
-
bearing calc
-
silicate layers that occur
stratigraphically above th
at
hosting
the current resource
of 582,
400 tonnes
(indicated)
grading
0.826% WO
3
and
565,000 tonnes
(inferred)
grading 1.231% WO
3
.
Previous mapping in 2017 had
located the presence of
the
two layers immediately above the Ridley Creek deposit but
there was
uncertaint
y as to their continuity. In 2018, the two layers were
re
-
located and a third found and
all
three
were traced
continuously
along strike
in a north
-
south direction for
more than
500 metres
and connect
ed
to
earlier mapping. A
bundant
sub
-
parallel
intrusive
si
lls of monzogranite
-
alaskite
composition also occur
and tha
t is encouraging for
the development of tungsten skarns
. Each of
the
calc silicate
layers
is
between 3 and 8 metres in thickness, although
they can
reach
up to
20
metres in thickness
locally
.
A
n
U
l
tra
V
iolet (UV)
lamp
survey
indicate
d
the presence of scheelite
(tungsten mineral
)
and
locally sphalerite (zinc sulphide) and molybdenite (molybdenum sulphide)
occurs
.
Sixteen rock samples
collected at
widely separated locations
returned from trace to 0.35%
WO
3
.
Interpretation
from this work
combined with previous mapping
confirms
that the
upper
calc
-
silicate
layers
are
continuous
for
approximately
two
kilometres
along strike which is the same as
the
lower
calc silicate
layer
that contain
s
the resource
s
.
The
outc
rops of the
upper layers are also some
500 metres west of the Ridley
C
reek zone and provide more confidence that the
lower, resource
-
bearing
layer
continu
es
that far to the west.
Previous drilling of two drill holes that were directed
beneath Deception mou
ntain returned intervals of 19.4m of 0.93% WO
3
and 26m of 1.19% WO
3
that are
therefore potentially
open to the northwest
for
at least
500 metres.
These
upper
layers
have never been drilled and will be incorporated in future drilling plans
that
test the
western
extent
of the Ridley Creek
, BN and BK
zone
s
beneath Deception mountain
.
By August 15
th
,
a state of emergency
was declared in B.C. due to forest fires and
helicopters were
not available
for
the Company
to conduct
further surface
ex
ploration
during
the normal working
season
.
The Company has engaged C
-
3 Consulting to assist with
the
permitting steps to construct
road access
in
to the resource area
which will aid in
advanc
ing
this project towards development.
The
Hen
property
The Hen property is located
approximately two kilometres west of the Fox property.
Prospecting
along a
recently
constructed
logging road has resulted in the discovery of a new mineralized
showing.
The first and
only
grab
sample collected from
a
recent
roadcut
returned 7.6 g/t gold,
2.08% lead,
4.02% zinc
and 0.16% copper. The host rock is
a sulphide
-
rich
volcanic s
ediment
near the base of the
Nicola Group basalt conglomerate and
top of the Lemieux Creek Formation.
This style of mineralization has not been seen
before on the property.
In addition, two rock
samples collected northeast of the Ledge prospect returned 2.13 g/t gold and 0.55 g/t gold.
Further prospecting is
continuing
.
More detail on the Fox tungsten, Hen gold and Rateria copper properties can be fo
und on the
Company’s website at
www.happycreekminerals.com
.
The Company is continuing to conduct
low
-
cost
, road accessible
geological and various exploration work
.
On behalf of the Board of Directors,
“Da
vid E Blann”
____________________
_______
David E Blann, P.Eng.
President, CEO
FOR FURTHER
INFORMATION,
PLEASE CONTACT:
David Blann, President, CEO
,
James Berard,
C
orporate
D
evelopment
Office:
Phone: 604.662.8310
Email:
Website:
www.happycreekminerals.com
Investor Relations:
Bircress
Corporate
Relations Inc.
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 release.
David Blann, P.Eng.
, Direc
tor,
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.
Analyses are performed by
SGS Laboratories in
Burnaby, B.C. using a geochemi
cal aqua regia digest
of a 2.0 gram pulp and ICP
-
MS finish, and
results for copper, silver
and
molybdenum
are provided in ppm (parts per million
(ppm)
or grams per tonne
, and gold
in parts per billion (ppb)
)
.
Samples
greater than
5,000
ppm copper, lead or zinc
are
re
-
run
utilizing ICP
-
AES providing
values in percent (%), and over 500 ppb gold are re
-
done using 30
-
gram Fire A
ssay with ICP
-
MS finish.
T
ungsten
analyses is performe
d
using a peroxide fusion digestion
and G0_
XRF
-
76V
, and values of W are converted to W
03 by
multiplying by 1.261.
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 proj
ects.
Forward
-
looking information may be, but not always, identified by the use of words such as "seek", "anticipate", "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 poten
tial, 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,
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 not within the control of
Happy creek and there is no assurance they will prove to be correct. Such forward
-
lookin
g 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 with
in
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
statement
s. 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.