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Welcome to the investor section of Happy Creek's website, where we highlight the Company's fundamentals. Our mission is to create significant wealth for shareholders by discovering new economic deposits with the lowest possible cost of production that can provide the maximum return on investment. These valuable deposits are highly attractive for purchase by mid tier and senior producers.
Management and directors have career dedication and worldwide experience working in, directing or managing public companies within the mineral exploration sector. The Company currently has approximately 45 million shares issued, no debt and is financed for 2011 exploration. Approximately 55% of the shares are held by institutions, funds and insiders of the Company. The fifty two week market price has ranged from $0.22 to $0.45.
Happy Creek has strategically located and acquired approximately 548 square kilometres of mineral claims that are owned 100% in British Columbia, Canada. The Company has explored and successfully discovered new prospects containing copper, molybdenum, rhenium, tungsten, gold and silver- all close to existing mines and infrastructure defined as a resource based road network, power, water and labour.
We are pleased to highlight our key properties and exploration success that together form the focus and inherent value conferred to shareholders.
Highland Valley
148 square kilometres owned 100% by Happy Creek. The project adjoins Teck Resources Highland Valley mine property- Canada's largest copper producer that is currently mining material grading around 0.26% copper and is very profitable. Using the most recent technology and drilling, Happy Creek has discovered two new copper zones with drill results returning comparable grades to the adjacent mine, and thought to have resource potential. These new prospects are 6.5 kilometres from a currently producing open pit, are open to expansion and locally contain significant additional values of molybdenum, rhenium, gold and silver. An internal economic study indicates a modest size and grade deposit close to a fully operational mine can create a relatively lower-risk and compelling return on investment, even at $2.00/lb copper. The larger the tonnage, either singularly or collectively, would add significantly to the potential value. The Company has proven there are more deposits beyond those at the Highland Valley mine, and we plan to continue advancing these and seek to discover others, with the goal of turning "potential" into significant tangible value for shareholders.
Silverboss
155 square kilometres owned 100% by Happy Creek. The property adjoins and surrounds Xstrata's former Boss Mountain Molybdenum mine- Canada's first major primary molybdenum producer having a significant average grade of 0.20% molybdenum. Happy Creek's property is locally within 350 meters of an open pit. The mine closed in 1984 when molybdenum prices were around $3.50/pound. The mine property was reduced in size and the area has remained largely unexplored. Happy Creek is the first to assemble a large land package and systematically explore for molybdenum, copper, tungsten, gold and silver using modern analytical techniques. Our work has identified molybdenum-tungsten mineralization expanding outward, beyond the mine property and onto the Silverboss property; positive surface rock and soil samples covering an area approximately three kilometres by 500 metres in dimension. Adjacent to this molybdenum-tungsten mineralization, the Company has also outlined on surface a large prospective area containing significant gold values and potential for a large scale copper mineralized system. The existing molybdenum, gold and copper targets outlined to date are thought to be strong and potentially very valuable targets that remain untested by drilling. In addition, an unexplored area to the south of the mine tailings pond has been identified to hold excellent opportunity for new discoveries. Recently, a South Korean --backed mining company has entered into an LOI with Xstrata to further develop the Boss Mountain moly mine with the goal of returning it into production. This event is expected to attract additional interest to the Silverboss property, and increase the projects potential value for shareholders.
Fox
138 square kilometres owned 100% by Happy Creek. The property is located a few kilometres east of the Golden Ledge, and approximately 25 kilometres east of the Boss Mountain molybdenum mine. Happy Creek has advanced this prospect from an early stage to a new tungsten-molybdenum system 10 kilometres by three kilometres in dimension that is comparable in size to the Boss Mountain-Silverboss mineralized system. Happy Creek is the first to trench and drill it, returning potentially economic grades of tungsten and molybdenum. We believe there is an excellent opportunity to develop high grade tungsten and molybdenum deposits and see potential for a bulk tonnage molybdenum deposit similar to the Boss Mountain mine. Future drilling will be of interest to anyone following tungsten projects with near-term resource potential and excellent infrastructure. The Fox and Silverboss properties provide opportunity for shareholders to benefit from two significant tungsten and molybdenum projects.
Hawk
21 square kilometres owned 100% by Happy Creek. The Company has outlined a 3.5 by 1.5 kilometre area containing an alkalic copper-gold porphyry style mineral system that shares similarities with that found at the Mount Polley mine to the North or the Afton mine to the south. This type of deposit is currently highly sought after by major mining companies and well represented in B.C. Surface sampling has returned positive copper-gold grades within a large area, and locally there are very high copper and gold grades. Limited historical drilling has also returned encouraging grades, and it is thought the best targets remain untested. The Company has selected several areas for drilling,that if successful, could be expected to make a positive contribution to our share value.
Hen and Art-DL
83 square kilometres owned 100% by Happy Creek. The property has positive early stage gold results from soil, rock and trench samples. Drilling on the DL prospect in 2010 identified long intervals of positive silver values with locally anomalous gold. Approximately 1.5 kilometres to the south, Spanish Mountain Gold has discovered by drilling a significant new gold system within the same geology as on the DL property. Much of the Art-DL property remains underexplored and it is thought there is opportunity for large scale gold-silver mineralization in several untested areas. Further exploration is planned.
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