(via TheNewswire)
Between June and
Highlights
A strong result of 0.372 ppm gold in a stream sediment sample was returned from the northwest Hen property. This sample is 500 metres from a different creek containing 0.154 ppm gold in sediment, and together suggests potential for a new large scale gold target in an historically unexplored area.
Values of copper, nickel, chrome and trace platinum group elements (PGE) in mafic intrusive rocks was returned from prospecting new areas of the Silverboss and Hen west properties that are on trend with the Gus copper-nickel PGE prospect 10Km to the northwest.
At the
Highland Valley project, a new area of copper mineralization was located at the TDM prospect on the eastern side of the Rateria property. In addition, on the recently acquired Mystery claims that are 6 km southeast of an open pit, field reconnaissance has identified favorable geology, large scale rock alteration and located the collar of an historical drill hole containing porphyry copper-molybdenum mineralization.
Results
Hen Property
A stream sediment sample collected from a creek on the Hen northwest claims returned 0.372 ppm (parts per million or g/t) gold. This sample is located approximately 500 metres north of a different creek with a previously collected stream sediment sample that contained 0.154 ppm gold. For reference, the Company’s 372 stream sediment sample database has a statistical mean of 0.003 ppm gold, and both creeks are considered highly anomalous. Currently, the upstream source of gold from these two creeks is unknown. However, based on BC government maps, the source area is underlain by
Silverboss & Hen West Property
Prospecting to the east and south of the
Fox Tungsten property
Two days of prospecting and mapping on the Fox tungsten property focused on the nature, distribution and geochemistry of quartz veins occurring within the Deception stock, a peralkaline monzogranite that occurs in proximity with the high-grade tungsten skarn deposits for which the property has current resources. Twenty rock grab samples of quartz collected from outcrop, subcrop and boulders contain from trace to maximum values of 5.22 ppm silver, 0.008 ppm gold, 62 ppm bismuth, 1010 ppm molybdenum and 37.5 ppm tungsten. These initial geochemical results and observations in part confirm and add to geochronology work (Chudy, T., 20171) that suggests either a prolonged magmatic event ortwo different mineralization events occurred. Widespread and abundant intrusive hosted quartz veins are thought to reflect the property’s molybdenum mineralization, while a younger aged or re-mobilization event occurred for the tungsten mineralization. In an unexplored area south of the BN and 708 tungsten zones a stream sediment sample returned a positive 53 ppm tungsten and large blocks of calc silicate-skarn were found nearby in contact with the intrusive.
Highland Valley Property
TDM Prospect
The TDM Minfile (BC Government 092ISE153) prospect is located on the eastern side of the Rateria property at the southeast end of a prominent airborne magnetic low structure that trends northwest towards Antler,
Mystery Prospect
The recently acquired
The Company looks forward to reviewing and compiling this new information to prepare a plan for exploration during 2023.
Indigenous Communities
Happy Creek is committed to responsible mineral resource development. The Company’s priority is to build and sustain mutually beneficial relationships with the Indigenous Communities in the territories in which the Company explores.
About
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 metal projects in
More information on the Company’s projects can be found on the Company’s website at www.happycreekminerals.com.
Qualified Person Statement
The technical and scientific contents of this release have been prepared, verified, and approved by
Summary of Geochronological Study of Scheelite and Molybdenite bearing Samples from the Fox Property For
David Blann ,Happy Creek Minerals Ltd. ByThomas Chudy , PhD (UBC) December 1st, 2017, unpublished.
On behalf of the Board of Directors,
“Peter Hughes”
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Office Phone: (604) 662-8310
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 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 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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