(TheNewswire)
May 3, 2021 – TheNewswire- Vancouver, British Columbia – Happy CreekMinerals Ltd. (TSXV:HPY) (OTC:HPYCF) (“Happy Creek” or the “Company”) has received thefinal results of a high-resolution helicopter-borne magnetic surveycovering the Company’s Rateria Property in the Highland Valleydistrict of British Columbia (see Figure 1 attached to this newsrelease and available on the Company’s website).
Mike Cathro, P.Geo, Interim President and CEO stated: “We are veryexcited about the results of this survey, and about getting on theground to do follow-up as soon as the snow melts. This magneticinformation is an important tool that will help the Company extend theknown deposits, and refine other drill targets on this highlyprospective property. Giant copper deposits at Highland Valley areknown to be associated with linear breaks and lows in magneticintensity, both of which are clearly visible on the Company’s newmaps. These types of magnetic features often reflect faults,prospective felsic intrusive phases and altered rocks that may beassociated porphyry copper-molybdenum deposits”.
The Company and its consultants are reviewing the new magnetic data in3D, in the context of its extensive historical database and its ownmore recently acquired drilling, geology, geochemistry and inducedpolarization geophysical information, in order to choose areas forfollow-up field work and drill targeting.
C.J. Greig and Associates Ltd., the Company’s lead geologicalconsultant, will begin a Phase 1 program of field work in late May,including geological mapping, alteration studies, soil sampling andground geophysics to refine targets for follow-up drilling.
The high-resolution airborne magnetic survey was flown in February2021 under the direction of Alex Walcott of Peter E. Walcott andAssociates Limited. A total of 1,660 kilometres were flown using astinger-mounted magnetometer on an AS350-B2 helicopter, with a meansensor height of 38 metres above the ground. Lines were oriented in aneast-northeast direction at a spacing of 100 metres apart, withorthogonal tie-lines at 1000 m spacing.
About the Highland Valley Project (WestValley-Rateria Property)
The 100-percent-owned Highland Valley project, comprising the WestValley and Rateria copper properties, covers 244 square kilometres andis a quality, underexplored exploration asset in the world-classHighland Valley district. The Company's property package adjoins theHighland Valley Copper (HVC) mine on its southern side. The mine,Canada’s largest copper producer, has been in production for nearly60 years. Happy Creek’s Zone 1 and Zone 2 discoveries, which liejust 6.5 kilometres southeast of HVC’s Highmont pits, show laterallycontinuous mineralization that has been partially outlined with 28,000metres of drilling. The Zone 1 and Zone 2 discoveries remain open inseveral directions. The Company also continues to generate new coppertargets within this large and prospective property.
More information on the Highland Valley project and the Company’sother projects can be found on the Company’s website 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 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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