(TheNewswire)
February 24, 2022 – TheNewswire- Vancouver, British Columbia – Happy CreekMinerals Ltd. (TSXV:HPY) (OTC:HPYCF) (“Happy Creek” or the “Company”) is pleased toreport the acquisition of the 438-hectare Mystery property, adjoiningthe Company’s Highland Valley property in southern BritishColumbia.
The acquisition is by outright purchase of threetenures from two arms-length vendors. Consideration paid is $11,000and 300,000 common shares of the Company. Two of the tenures aresubject to a 2% Net Smelter Return Royalty of which half (1%) can bepurchased at any time by payment of $1.0 million.
The transaction is subject to the receipt of allnecessary regulatory approvals, including the TSX Venture Exchange. Any common shares issued will be subject to a four month hold periodcommencing upon the date of issuance in accordance with applicableCanadian securities laws.
Indigenous Communities
Happy Creek Minerals is committed to responsiblemineral resource development. Our priority is to build and sustainmutually beneficial relationships with Indigenous Communities in theterritories in which we explore.
About Happy Creek MineralsLtd.
Happy Creek is focused on making new discoveries andbuilding resources in proximity to infrastructure on its100-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 Highland Valley
The 100-percent-owned Highland Valley project,comprising the West Valley and Rateria copper properties, covers 240square kilometres and is a quality, underexplored exploration asset inthe world-class Highland Valley district. The Company’s propertypackage adjoins the Highland Valley Copper (HVC) mine on its southernside 3 . The mine, Canada’s largest copper producer, has been inproduction for nearly 60 years. Happy Creek’s Zone 1 and Zone 2discoveries, which lie just 6.5 kilometres southeast of HVC’sHighmont open pits 3 , show laterally continuous mineralizationthat has been outlined with 28,000 metres of drilling and remains openin several directions. The Company also continues to generate newcopper targets within this large and prospective property.
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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