(via TheNewswire)
A wide-spaced 3D audio-magnetotelluric (AMT) geophysical survey, soil geochemical sampling, mapping and prospecting, and a 3D magnetic inversion were completed on the Rateria portion of the property. The new work was completed in the vicinity of the Zone 1 and Zone 2 copper deposits, as well as the lightly explored Mystery and
Happy Creek’s President and Chief Executive Officer Mr.
Highlights of the work include:
175 soil and stream sediment geochemical samples were collected, primarily over the Mystery target and east of
Billy Lake , where coverage was previously lacking.
Follow-up geological mapping, prospecting and rock sampling was performed at the Mystery, Zone 2 Northeast Extension,
Billy Lake , and West Sho targets on Rateria property, and at the Abbott prospect on theWest Valley property.
For the first time in the history of this project area, a ground-based audio-magnetotelluric survey was completed in the northern part of the Rateria property. AMT is a natural-source geophysical method that measures changes in earth resistivity that can be associated with changes in rock types, alteration, structure and sulphide mineralization, The method is a deep-looking complement to shallow resistivity information collected through previous IP-DC resistivity surveys.
Three proof-of-concept AMT test lines were completed first and preliminary results suggest the method is successful in identifying large-scale conductive zones extending to over one kilometre in depth at the Mystery, Zone 2 Northeast Extension, and
Billy Lake target areas, which are known to contain porphyry style copper mineralization near surface. Based on these preliminary test lines, additional AMT surveying was completed to infill and expand the coverage area more completely around the Zone 1 and Zone 2 copper deposits that remain open. Processing of a 3D inversion model of the AMT data is now underway.
Finally, the Company completed 3D inversions of the 2021 Rateria airborne magnetic survey. Porphyry copper mineralization on the project and in the greater
Highland Valley mining district is generally associated with relative magnetic low features. Like the AMT survey, magnetic inversion provides a 3D model from surface to over one kilometre below surface to help identify potential porphyry copper centres which are associated with magnetic destructive alteration and/or intrusions with a low magnetite content.
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Happy Creek is focused on making new discoveries and building resources in proximity to infrastructure on the Company’s 100-percent-owned portfolio of diversified metals projects in
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Qualified Person Statement
The technical and scientific contents of this release have been prepared, verified and approved by
References and Disclosure
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
On behalf of the Board of Directors,
“Michael Cathro”
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 604-590-1525
Email: info@happycreekminerals.com
Neither the
The reader is cautioned that results or information from an adjacent property does not infer or indicate similar results or information will or does occur on the subject property. Historical information from the subject or adjacent property cannot not be relied upon as the Company’s QP, a term which was created and defined under NI-43-101, has not prepared nor verified the historical information.
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", “foresee”, "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 mineralizedzone, 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 atwww.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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