(TheNewswire)
May 27, 2021 - TheNewswire- Vancouver, British Columbia - Happy CreekMinerals Ltd. (TSXV:HPY) (OTC:HPYCF) (“Happy Creek” or the “Company”) is pleased toreport a field crew has been mobilized to begin work on theCompany’s copper-gold-silver-moybdenum projects in the HighlandValley and Cariboo districts of southern British Columbia.
CEO Statement
Mike Cathro, Interim President and CEO stated“Management is excited to carry out surface work programs on HappyCreek’s very large, road accessible and highly prospectiveproperties with the goal of discovering one or more large porphyrycopper deposits in these proven mining districts. Management intendsto drill the most prospective targets later in the year.”
2021 Field Programs
At Highland Valley, a team from C.J. Greig andAssociates will conduct surface geochemical sampling and geologicalinvestigations over select areas in order to refine targets fordrilling. The work will focus on promising magnetic features from theFebruary 2021 high-resolution airborne survey, in proximity to areasof porphyry-style alteration and mineralization, induced polarization(IP) anomalies, and major structures, particularly in the Copper Creek- Yubet, 3 Creeks, Moss 4 and Sho target areas.
Following the Highland Valley work, the field crew willmove to the Cariboo projects near 100 Mile House where focusedgeochemical and geological work will be done on the Silverboss,Hen-Art-DL and Hawk properties. In addition, infill and reconnaissanceIP geophysical surveys are planned for late July to further refinedrill targets at Silverboss, particularly around the Silver Bossshaft, East Breccia, Horse Trail, Dogtooth and Guscopper-gold-silver-molybdenum targets. These prospects lie within oneto three kilometres of Glencore’s past-producing Boss Mountainmolybdenum mine and yet have seen only a few historic, short, drillholes.
Permitting
Permits for trail construction, trenching, IP surveysand substantial drilling are in place for all of the Company’s keyprojects including Highland Valley, Silverboss and Fox Tungsten. Drillpermits for Hawk and Hen-Art-DL are expected soon.
Aboutthe Highland Valley Project (West Valley-Rateria Property)
The 100-percent-owned Highland Valley project, comprising the WestValley and Rateria copper properties, covers 244 square kilometres andis a quality, underexplored road-accesible exploration asset in theworld-class Highland Valley district. The Company's property packageadjoins the Highland Valley Copper mine on the southern side. Themine, Canada’s largest copper producer, has been in production fornearly 60 years. Happy Creek’s Zone 1 and Zone 2 discoveries, whichlie just 6.5 kilometres southeast of HVC’s Highmont pits, showlaterally continuous mineralization that has been partially outlinedwith 28,000 metres of drilling. The Zone 1 and Zone 2 discoveriesremain open in several directions. The Company also continues togenerate new copper targets within this large and prospectiveproperty.
About the Cariboo Properties
Happy Creek holds a 100% interest in over 380 squarekilometres in the Silverboss, Hen-Art-DL, Hawk and Fox Tungstenproperties. The properties are road accessible and prospective forporphyry copper-gold-silver-molydenum, skarn, vein and breccia-hostedgold-silver-copper, argillite-hosted orogenic gold-quartz veins, andtungsten skarn deposits.
More information on the Company’s projects can be found on thewebsite at www.happycreekminerals.com .
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.
On behalf of the Board of Directors,
“Mike Cathro”
Interim President and Chief Executive Officer
FORFURTHER INFORMATION, PLEASE CONTACT:
Mike Cathro, P.Geo, Interim Presidentand Chief Executive Officer
Office: Phone: (604) 662-8310
Email: mcathro@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.
Mike Cathro, P.Geo. is a Qualified Person as defined by NationalInstrument 43-101 and is responsible for the preparation and approvalof the technical information disclosed in the news release. The readeris cautioned that results or information from an adjacent propertydoes not infer or indicate similar results or information will or doesoccur on the subject property. Historical information from the subjector 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 preparednor 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 has attemptedto identify important factors that could cause actual actions, eventsor results to differ materially from those described inforward-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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