Happy Creek provides progress update on Fox tungsten
September 27, 2016 / TheNewswire / Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") is providing an update on work being conducted on its 100% owned Fox tungsten property, located by road northeast of 100 Mile House, in south central British Columbia, Canada.
A program of geology, trenching and core drilling is underway at the Ridley Creek, BK and BN zones as well as the new untested South Grid to upgrade and expand the project's existing resource. Further to the News Release dated September 26th 2016, the drill has moved to the BN zone where in 2012 hole F12-27 intersected 4.1 metres of 1.78% WO3 at surface, 14.8 metres of 4.0% WO3 at 83 metres and 24.0 metres of 0.79% WO3 at 136 metres down-hole, respectively. The Company is pleased to return to the BN zone for additional drilling.
At this time, four relatively shallow holes (F16-17, 18,19 and 20) have been completed. These holes have all intersected approximately 4-5 metres containing positive scheelite (tungsten mineral) except for hole F16-18 which cut three metres of positive mineralization before the hole was lost in the mineralized zone. No assays are yet available for these holes and the reader is cautioned that visual observation of scheelite using Ultra Violet light is qualitative.
The mineralized zone appears gently to moderately dipping and within 30-60 metres of surface. Drilling to date at the BN zone has been successful in intersecting continuous positive tungsten mineralization in an area approximately 125 metres by 70 metres in dimension and it remains open in extent. Deeper drilling to test for lower zone(s) as seen in F12-27 is also planned.
The Company also wishes to announce that Paul Berndt, Director, is present at the ITIA (International Tungsten Industry Association) Annual General Meeting (AGM) in Stockholm, Sweden. The ITIA AGM is a forum for all things relating to tungsten, including miners and developers, processors and end-users of tungsten products globally. Happy Creek is a member of the ITIA.
Drilling and trenching results for the Ridley Creek, BK and BN zone are pending.
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 news 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.
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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