(TheNewswire)
November 22, 2022 – TheNewswire- Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSXV:HPY) (“Happy Creek” or the “Company”) ispleased to provide an update on project activities conducted duringthe 2022 field season on the Company’s 100% owned Highland Valleyand Cariboo properties, located in south central BritishColumbia.
Between June and October 2022, prospecting, geology,rock and stream sediment sampling was performed at the Rateriaproperty on he Company’s Highland Valley property located north ofMerritt, B.C., and on the Hen and Silverboss property, locatednortheast of 100 Mile House, B.C.
Highlights
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A strong result of 0.372 ppm gold in a stream sedimentsample was returned from the northwest Hen property. This sample is500 metres from a different creek containing 0.154 ppm gold insediment, and together suggests potential for a new large scale goldtarget in an historically unexplored area.
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Values of copper, nickel, chrome and trace platinumgroup elements (PGE) in mafic intrusive rocks was returned fromprospecting new areas of the Silverboss and Hen west properties thatare on trend with the Gus copper-nickel PGE prospect 10Km to thenorthwest.
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At the Highland Valley project, a new area of coppermineralization was located at the TDM prospect on the eastern side ofthe Rateria property. In addition, on the recently acquired Mysteryclaims that are 6 km southeast of an open pit, field reconnaissancehas identified favorable geology, large scale rock alteration andlocated the collar of an historical drill hole containing porphyrycopper-molybdenum mineralization.
Results
Hen Property
A stream sediment sample collected from a creek on theHen northwest claims returned 0.372 ppm (parts per million or g/t)gold. This sample is located approximately 500 metres north of adifferent creek with a previously collected stream sediment samplethat contained 0.154 ppm gold. For reference, the Company’s 372stream sediment sample database has a statistical mean of 0.003 ppmgold, and both creeks are considered highly anomalous. Currently, theupstream source of gold from these two creeks is unknown. However,based on BC government maps, the source area is underlain by NicolaGroup volcaniclastic rocks with positive potassium, potassium/thoriumand magnetic signatures identified by regional airborne geophysicalsurveys that are approximately 5 km by 3 km in dimension. Thesegeophysical signatures are commonly associated with numerous copperand gold-bearing deposits in British Columbia. The Hen northwest isthought to have excellent potential for the discovery of a new goldtarget in an area having no known previous work.
Silverboss & Hen West Property
Prospecting to the east and south of the Boss Mountainmoly mine was focused on regional, highly magnetic rocks that are thecontinuation of Happy Creek’s GUS copper, nickel PGE (platinum groupelements) prospect located approximately ten km to the north of themine (see news release dated February 15, 2022). Fourteen widelyspaced rock samples returned from trace to maximum values of 1035 ppmcopper, 660 ppm nickel (with 1000 PPM chrome), 0.031 ppm gold, 0.012ppm platinum and 0.026 ppm palladium. The rock samples are hornblendediorite to gabbro and pyroxenite in composition, similar to theCompany’s GUS prospect. The geochemical values present, geology andassociation with the regional magnetics suggest potential for alarge-scale magmatic copper, nickel, PGE style mineral system.
Fox Tungsten property
Two days of prospecting and mapping on the Fox tungstenproperty focused on the nature, distribution and geochemistry ofquartz veins occurring within the Deception stock, a peralkalinemonzogranite that occurs in proximity with the high-grade tungstenskarn deposits for which the property has current resources. Twentyrock grab samples of quartz collected from outcrop, subcrop andboulders contain from trace to maximum values of 5.22 ppm silver,0.008 ppm gold, 62 ppm bismuth, 1010 ppm molybdenum and 37.5 ppmtungsten. These initial geochemical results and observations in partconfirm and add to geochronology work (Chudy, T., 2017 1 ) that suggestseither a prolonged magmatic event or twodifferent mineralization events occurred. Widespread and abundantintrusive hosted quartz veins are thought to reflect the property’smolybdenum mineralization, while a younger aged or re-mobilizationevent occurred for the tungsten mineralization. In an unexplored areasouth of the BN and 708 tungsten zones a stream sediment samplereturned a positive 53 ppm tungsten and large blocks of calcsilicate-skarn were found nearby in contact with the intrusive.
Highland Valley Property
TDM Prospect
The TDM Minfile (BC Government 092ISE153) prospect is located on theeastern side of the Rateria property at the southeast end of aprominent airborne magnetic low structure that trends northwesttowards Antler, Billy Lake, Mystery property and the Highmont mine.The Minfile report for work done in 1972 indicates a 500 metre X 250mcopper in soil anomaly occurs with rocks containing fine disseminatednative copper. No subsequent work in this area is known. In 2021,Happy Creek’s property-wide stream silt sampling returned 809 ppm Cuapproximately one km north of the TDM prospect. In June 2022, thisstrongly anomalous silt sample was located and within 50 metres away,talus blocks of granodiorite contain 1-2mm veinlets of chlorite,sericite, quartz and trace iron oxide, locally native copper,malachite, azurite and bornite copper minerals. A grab samplecontained 1430 ppm copper (0.14% Cu). From here, a traverse southtowards the TDM prospect located additional areas where copper oxideminerals occur in the fractures. Together with the historical TDMinformation, copper in bedrock can be found at surface for about1.5km. along the western edge of a 500m-1km wide and multi-km longmagnetic low structure. Additional mapping and sampling of this areais planned.
Mystery Prospect
The recently acquired Mystery Lake property adjoins the Rateriaproperty to the northwest of the Company’s Zone 2 deposit and isapproximately 6 km southeast of the Highmont open pit mine. In earlyJuly, an initial reconnaissance was performed to determine accessroutes into the area and review the geology. The property is mostlyunderlain by Bethsaida, Skeena and Bethlehem phases of the GuichonBatholith. Based on airborne magnetic surveys, north-south andnorthwest trending, recessive -weathering fault zones occur in largelyglacial till-covered areas. At the south side of Mystery Lake, thecollar of drill hole 93CVS-11 was located and surveyed (see newsrelease March 2, 2022). This drill hole contains feldspar phyricdikes, extensive fracturing, alteration and zones of porphyry stylecopper-moly mineralization from surface to the end of the hole at 250metres and was only partially sampled. On the east side of MysteryLake, 1960’s era flooded trenches contain highly fractured, sericiteiron-oxide altered Bethsaida/Skeena phase rocks with local malachitecopper mineralization noted. Approximately 400 metres south of theold trenches, a recent logging road ditch has partially exposed forabout 40 metres, similar rocks to the trenches. Approximately 1.2kmsouthwest of Mystery Lake, very fine-grained chalcopyrite was observedwith chlorite, sericite alteration minerals in well fractured outcropand subcrop. A grab sample returned 700 ppm copper, 5.6 ppmmolybdenum, and a boulder further west returned 1320 ppm copper, 35ppm molybdenum. Together, the favorable geological setting forporphyry copper mineralization on the Mystery property is currentlythought to be approximately 400 metres X 1.4 km in dimension, open,and provides an excellent porphyry copper target that warrants furtherexploration and drilling.
The Company looks forward to reviewing and compiling this newinformation 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 beneficialrelationships with the Indigenous Communities in the territories inwhich 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 metal projects in BritishColumbia. The Company’s Management, Board of Directors and TechnicalAdvisors have solid expertise and depth in the mineral resource sectorand capital markets.
More information on the Company’s projects can be found on theCompany’s website at www.happycreekminerals.com .
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. Rock samplegrabs are selective in nature and may not be representative ofmineralization present. Stream sediment samples were collected in thefield using a 1mm screen. Rock and stream sediment samples wereprepared and analyzed at ALS Global laboratories in North Vancouver BCusing a 4 acid digest and multi-element ME-MS-61 and 30 gram fireassay Au-AA 23 for gold and PGM-MS 23 for gold and PGE’s.
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Summary of Geochronological Study of Scheelite and Molybdenite bearingSamples from the Fox Property For David Blann, Happy Creek MineralsLtd. By Thomas Chudy, PhD (UBC) December 1 st , 2017, unpublished.
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: 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 of mineralization, potentialtype(s) of mining, potential grades as well as to Happy Creek’sability to fund ongoing expenditure, or assumptions about future metalor mineral prices, currency exchange rates, metallurgical recoveriesand grades, favourable operating conditions, access, politicalstability, obtaining or renewal of existing or required mineraltitles, licenses and permits, labour stability, market conditions,availability of equipment, accuracy of any mineral resources,anticipated costs and expenditures. Assumptions may be based onfactors and events that are not within the control of Happy Creek andthere is no assurance they will prove to be correct. Suchforward-looking information involves known and unknown risks, whichmay cause the actual results to materially differ, and/or any futureresults expressed or implied by such forward-looking information.Additional information on risks and uncertainties can be found withinFinancial Statements, Prospectus and other materials found on theCompany’s SEDAR profile at www.sedar.com . Although Happy Creek has attempted to identify importantfactors that could cause actual actions, events or results to differmaterially from those described in forward-looking information, therecan be no assurance that such information will prove to be accurate asactual results 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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