Happy Creek provides update on the Fox tungsten property
September 30,2019 – Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company”), is providing an update on its 100% owned Fox tungsten project in south central B.C., Canada.
Two drill holes totalling approximately 372.5m were completed around the Nightcrawler zone and ultra-violet lamping of drill core suggests scheelite (tungsten mineral) occurs. Results are pending. Poor weather and forecast conditions for Deception mountain into October were not considered safe or cost-effective for starting a helicopter-supported drill program at this time of year.
The project’s current resources on Deception Mountain are hosted within tungsten-bearing calc-silicate/ skarn units that formed from multiple continental shelf-type limestone-marble layers up to 30 metres or greater in thickness and contain tungsten mineralization in outcrops and drill holes for at least three km in a north south direction. Surface geological work conducted over the past two years indicates potential for the favorable tungsten-host layers to continue westward through Deception Mountain, possibly up to 5 km distance. The Company is funded to test this potential as part of its resource expansion program next spring.
About the Fox tungsten property
The Fox tungsten property is located 75 km northeast of 100 Mile House in south Central B.C. The Company has advanced the project from an early stage to discovery and as announced February 27, 2018, it currently hosts a resource of 582,400 tonnes of 0.826% WO3 (indicated) and 565,400 tonnes of 1.231% WO3 (Inferred), that is among the highest grade in the western world, and a portion is within an open pit shell. The Fox has a mineral system 12km by 5 km in dimension with numerous surface showings of tungsten and drill holes with intervals above cut-off grade occur that are open.
More detail on the Fox tungsten property 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
David Blann, President, CEO,
Office: Phone: 604.662.8310
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.
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”, “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 potential, 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-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 events or otherwise, unless required by law.
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