Happy Creek commences drilling and samples 5.99% W03 on the Fox tungsten property
September 17, 2015 / TheNewswire / Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company) is pleased to announce drilling has commenced on its 100% owned, 150 square kilometre Fox tungsten property located in the south central Cariboo, British Columbia.
Six to eight holes totaling 1,500 metres will be drilled at the road accessible Nightcrawler zone, located south of Deception Mountain. In addition, geological, prospecting, environmental and other surveys will be performed around the high grade deposits on Deception Mountain. The objective of this year's program is to collect data from both areas to prepare a NI43-101 resource study and compile other information to permit more intensive technical work next year.
David Blann, P.Eng., President of Happy Creek states: "We look forward to further exploring the Nightcrawler zone, working south and east from the high grade surface samples and previous positive drill results. The favorable geological setting is thought to continue for another two kilometres. On Deception Mountain, various studies will assist in preparing for a large scale, comprehensive program next year. The work planned for both areas will give us the best possible understanding of how and where future exploration and development will be prioritized and scheduled."
In 2007 and 2010, the Company performed 14 widely spaced drill holes at the Nightcrawler zone that identified multiple layers of tungsten-bearing calc silicate and skarn occur in an area 1.5 km by 500 metres in dimension (eg: 5 metres of 0.33% W03 (tungsten trioxide) and 2 metres of 0.74% W03). Results indicate the grade and thickness of the favorable calc silicate and skarn appears to increase eastward. The current drilling will test further east and south of the area where results from eleven recent surface grab samples have returned values ranging from 1.17% W03 to 5.99% W03 along with associated values of tin, zinc, indium, gold and silver over a 90 metre distance (refer to press release July 27, 2015).
About the Fox property
The Fox property hosts a tungsten and molybdenum mineral system that is 10 km by 3 km in dimension. Although most of the property is under-explored, it has returned among the highest grade tungsten drill intervals globally in a newly discovered near-surface setting. Drill results from Deception Mountain are from three zones over a distance of two kilometres. Results include 33 selected intervals averaging 2.48% W03 over 2.92 metres, and overall, 49 of 60 holes average 8.2 metres of 0.70% W03 within 26 metres of surface. Highlights of drilling in two zones include intervals such as 26 metres of 1.2% W03 and 14.8 metres of 4.0% W03, respectively. All zones are open in extent.
Complete details of the Company's drill results and maps can be found on the website at www.happycreekminerals.com, or within news releases filed on SEDAR.
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: Info@happycreekminerals.com
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 release.
David 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. Rock samples are prepared and analyzed at Agat Laboratories first by aqua regia digest and ICP/ICP-MS as well as peroxide fusion digest in triplicate to obtain average tungsten (W) and tin (Sn) assay results. W is multiplied by 1.261 to obtain W03, the compound for which tungsten prices are quoted.
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.
Copyright (c) 2015 TheNewswire - All rights reserved.