(TheNewswire)
December 18, 2023 – TheNewswire- Vancouver, British Columbia – Happy CreekMinerals Ltd. (TSXV:HPY) (“Happy Creek” or the “Company”) ispleased to report that field work is complete at the Company’s 100%owned, 240 square-kilometre Highland Valley project in southernBritish Columbia.
A wide-spaced 3D audio-magnetotelluric (AMT)geophysical survey, soil geochemical sampling, mapping andprospecting, and a 3D magnetic inversion were completed on the Rateriaportion of the property. The new work was completed in the vicinity ofthe Zone 1 and Zone 2 copper deposits, as well as the lightly exploredMystery and Billy Lake targets (see October 11, 2023 news release).Geology and rock sampling was also performed on the Abbott portion ofthe Company’s West Valley property. Soil and rock samples have beendelivered to the lab and results are expected in early 2024.
Happy Creek’s President and Chief Executive OfficerMr. Michael Cathro commented: “The Company is constantly trying tosqueeze the most information we can from relatively low-costexploration tools. Preliminary results of the AMT survey are verypromising in identifying large electrically conductive anomalies nearknown copper mineralization. We eagerly await the final 3D inversionsfor the AMT and magnetic data. These are deep-looking surveys that canhelp identify large-scale structures associated with porphyry coppercentres and will help guide future drilling”.
Highlights of the work include:
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175 soil and stream sediment geochemical samples werecollected, primarily over the Mystery target and east of Billy Lake,where coverage was previously lacking.
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Follow-up geological mapping, prospecting and rocksampling was performed at the Mystery, Zone 2 Northeast Extension,Billy Lake, and West Sho targets on Rateria property, and at theAbbott prospect on the West Valley property.
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For the first time in the history of this project area,a ground-based audio-magnetotelluric survey was completed in thenorthern part of the Rateria property. AMT is a natural-sourcegeophysical method that measures changes in earth resistivity that canbe associated with changes in rock types, alteration, structure andsulphide mineralization, The method is a deep-looking complement toshallow resistivity information collected through previous IP-DCresistivity surveys.
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Three proof-of-concept AMT test lines were completedfirst and preliminary results suggest the method is successful inidentifying large-scale conductive zones extending to over onekilometre in depth at the Mystery, Zone 2 Northeast Extension, andBilly Lake target areas, which are known to contain porphyry stylecopper mineralization near surface. Based on these preliminary testlines, additional AMT surveying was completed to infill and expand thecoverage area more completely around the Zone 1 and Zone 2 copperdeposits that remain open. Processing of a 3D inversion model of theAMT data is now underway.
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Finally, the Company completed 3D inversions of the2021 Rateria airborne magnetic survey. Porphyry copper mineralizationon the project and in the greater Highland Valley mining district isgenerally associated with relative magnetic low features. Like the AMTsurvey, magnetic inversion provides a 3D model from surface to overone kilometre below surface to help identify potential porphyry coppercentres which are associated with magnetic destructive alterationand/or intrusions with a low magnetite content.
Indigenous Communities
Happy Creek is committed to responsible mineralresource development. The Company’s priority is to build andsustain mutually beneficial relationships with Indigenous Communitiesin the territories in which the Company explores.
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.
Additional information relating to Happy Creek MineralsLtd. may be obtained or viewed on the SEDAR+ website at www.sedar.com or on theCompany’s website at www.happycreekminerals.com .
About Highland Valley
The 100-percent-owned Highland Valley project,comprising the contiguous West Valley and Rateria properties, covers240 square kilometres and is a quality, underexplored explorationcopper asset in the world-class Highland Valley district. TheCompany’s property package adjoins the Highland Valley Copper (HVC)mine. The mine, Canada’s largest copper producer, has been inproduction for 60 years 1 . Happy Creek’s Zone 1 and Zone 2discoveries, which lie just 6.5 kilometres southeast of HVC’sHighmont open pits*, show laterally continuous mineralization that hasbeen outlined with 28,000 metres of drilling and remain open inseveral directions. The Company also continues to generate new coppertargets within this large and prospective property.
Qualified Person Statement
The technical and scientific contents of this release have beenprepared, verified and approved by David Blann, P.Eng., a director ofthe Company, and a qualified person pursuant to National Instrument43-101 – Standards of Disclosure for Mineral Projects.
References and Disclosure
*Mineralization hosted on adjacent and/or nearbyproperties is not necessarily indicative of mineralization hosted onthe Company’s property.
On behalf of the Board of Directors,
“Michael Cathro”
President and Chief Executive Officer
FORFURTHER INFORMATION, PLEASE CONTACT:
Telephone: 604-590-1525
Email: info@happycreekminerals.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
The reader is cautioned that results or informationfrom an adjacent property does not infer or indicate similar resultsor information will or does occur on the subject property. Historicalinformation from the subject or adjacent property cannot not be reliedupon as the Company’s QP, a term which was created and defined underNI-43-101, has not prepared nor verified the historical information.
This press release contains "forward-lookinginformation" within the meaning of applicable securities laws,including statements that address capital costs, recovery, grade, andtiming of work or plans at the Company’s mineral projects.Forward-looking information may be, but not always, identified by theuse 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 goalor action, event or result such as "may","should", "could", "would","might" or "will" be undertaken, occur orachieved. Statements also include those that address future mineralproduction, reserve potential, potential size or scale of amineralized zone, potential expansion ofmineralization, potential type(s) of mining, potential grades as wellas to Happy Creek’s ability to fund ongoing expenditure, orassumptions about future metal or mineral prices, currency exchangerates, metallurgical recoveries and grades, favourable operatingconditions, access, political stability, obtaining or renewal ofexisting or required mineral titles, licenses and permits, labourstability, market conditions, availability of equipment, accuracy ofany mineral resources, anticipated costs and expenditures. Assumptionsmay be based on factors and events that are not within the control ofHappy 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 anyfuture results expressed or implied by such forward-lookinginformation. Additional information on risks and uncertainties can befound within Financial Statements, Prospectus and other materialsfound on the Company’s SEDAR profile at www.sedar.com . AlthoughHappy Creek has attempted to identify important factors that couldcause actual actions, events or results to differ materially fromthose described in forward-looking information, there can be noassurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. Happy Creek withholds any obligationto update or revise any forward-looking information, whether as aresult of new information, future events or otherwise, unless requiredby law.
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