(TheNewswire)
November 8, 2021 – TheNewswire- Vancouver, British Columbia – Happy CreekMinerals Ltd. (TSXV:HPY) (OTC:HPYCF) (“Happy Creek” or the “Company”) is pleased toreport that twelve diamond drill holes totaling 2052.7 metres havebeen completed at the FoxTungsten Project near the community of 100 MileHouse in southern British Columbia.
Eleven of the twelve holes successfully intersectedtungsten-bearing skarn (calc-silicate rock) in the Nightcrawler - Creek area, which is located at low elevation and accessible bylogging roads and short drill trails. The holes range from 107.80 to260.91 m in depth. Drill hole survey details are included in Table 1below.
Drilling between 2007 and 2020 in the Nightcrawler -Creek area has returned promising results over a 3 kilometre-widearea. For example, hole F20-06 cut 3.38 m grading 1.08% WO 3 , and hole F19-02 cut 6.3 m grading0.43% WO 3 .
The goal of the 2021 drilling was to step out from theprevious wide-spaced drill intersections to build towards a maidenresource estimate at Nightcrawler – Creek, which can add to currentresources at the RC, BN and BK Zones, located five to seven kilometresto the north.
Scheelite, an important tungsten-bearing mineral, wasidentified by ultraviolet (UV) lamping in as many as five skarn layersin eleven of twelve holes drilled in 2021, with individual mineralizedintersections ranging in thickness from 0.15 to 5 m. Down-holeintervals are interpreted to be 70 to 90% of true thickness. A totalof 389 samples have been delivered to the laboratory and assay resultsare expected within six to eight weeks.
Table 1. 2021 Fox Diamond Drill Holes Survey
Hole | Dip | Azimuth | Easting | Northing | Collar Elevation (m) | Depth (m) |
F21-01 | -45 | 0 | 671976 | 5769465 | 1225 | 251.76 |
F21-02 | -45 | 0 | 671913 | 5769541 | 1200 | 184.71 |
F21-03 | -90 | 0 | 671913 | 5769540 | 1200 | 227.38 |
F21-04 | -60 | 310 | 671912 | 5769542 | 1200 | 155.75 |
F21-05 | -65 | 0 | 670960 | 5769170 | 1267 | 260.91 |
F21-06 | -55 | 0 | 671353 | 5769450 | 1208 | 107.80 |
F21-07 | -80 | 180 | 671353 | 5769452 | 1208 | 120.70 |
F21-08 | -80 | 180 | 671450 | 5769470 | 1214 | 126.80 |
F21-09 | -65 | 25 | 671406 | 5769343 | 1227 | 184.71 |
F21-10 | -90 | 0 | 671406 | 5769343 | 1227 | 206.04 |
F21-11 | -50 | 0 | 671250 | 5769434 | 1217 | 111.56 |
F21-12 | -80 | 180 | 671250 | 5769437 | 1217 | 114.60 |
In addition, the Company has located several new areasof high-grade tungsten mineralization through prospecting and UVlamping. Twenty-five rock samples including 17 chips (0.2 to 3.0 m inwidth) one grab and seven float samples were collected from areasnorth and south of the RC Zone, in the eastern Creek Zone, and alongnew logging roads in the vicinity of the September showing. Resultswill be compiled and released when they are received.
About Happy Creek MineralsLtd.
Happy Creek is focused on making new discoveries andbuilding resources in proximity to infrastructure on the Company’s100-percent-owned portfolio of diversified metals projects in BritishColumbia. The Company’s Management, Board of Directors and TechnicalAdvisors have solid expertise and depth in the mineral resource sectorand capital markets.
About Fox Tungsten
Fox Tungsten is a district-scale, high-grade criticalmineral project that Happy Creek has advanced from initial discoveryto the drill definition stage. The project is host to the RC, BN andRC deposits with current mineral resources (see Happy Creek newsrelease dated February 27, 2018 and the April 9, 2018 Technical Reportfiled under the Company’s profile on SEDAR for details) as well theNightcrawler, Creek, Discovery, and South Grid zones which havesignificant tungsten mineralization drilled.
About Tungsten
Tungsten is a rare, heavy and hard element used mainlyin cemented tungsten carbide and high-speed alloy cutting tools andother high-tech applications. Tungsten has been declared a “criticalmineral” by governments in Canada, USA and EU. Currently 85% ofworld production comes from China.
The Company operates with the principles and guidelines set out forCOVID-19 that are established by provincial health and safetyauthorities to protect workers and the communities in which theCompany operates.
Qualifed Persons Statement
The technical and scientific contents of this release have beenprepared, verified and approved by Mike Cathro, P.Geo. M.Sc., adirector of the Company and a qualified person pursuant to NationalInstrument 43-101 – Standards of Disclosure for Mineral Projects.
More information on the Company’s projects can be found on theCompany’s website at www.happycreekminerals.com .
On behalf of the Board of Directors,
“Peter Hughes”
President and Chief Executive Officer
FORFURTHER INFORMATION, PLEASE CONTACT:
Peter Hughes, President and ChiefExecutive Officer
Office Phone: (604) 662-8310
Email: phughes@happycreekminerals.com
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.
The reader is cautioned that results or information from an adjacentproperty does not infer or indicate similar results or informationwill or does occur on the subject property. Historical informationfrom the subject or adjacent property cannot not be relied upon as theCompany’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 statementsthat address capital costs, recovery, grade, and timing of work orplans at the Company’s mineral projects. Forward-looking informationmay 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, eventor result such as "may", "should","could", "would", "might" or"will" be undertaken, occur or achieved. Statements alsoinclude those that address future mineral production, reservepotential, potential size or scale of a mineralized zone, potentialexpansion of mineralization, potential type(s) of mining, potentialgrades as well as to Happy Creek’s ability to fund ongoingexpenditure, 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, licensesand permits, labour stability, market conditions, availability ofequipment, accuracy of any mineral resources, anticipated costs andexpenditures. Assumptions may be based on factors and events that arenot within the control of Happy Creek and there is no assurance theywill prove to be correct. Such forward-looking information involvesknown and unknown risks, which may cause the actual results tomaterially differ, and/or any future results expressed or implied bysuch forward-looking information. Additional information on risks anduncertainties can be found within Financial Statements, Prospectus andother materials found on the Company’s SEDAR profile at www.sedar.com . Although Happy Creek hasattempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-looking information, there can be no assurance that suchinformation will prove to be accurate as actual results and futureevents could differ materially from those anticipated in suchstatements. Happy Creek withholds any obligation to update or reviseany forward-looking information, whether as a result of newinformation, future events or otherwise, unless required by law.
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