(TheNewswire)
June 19, 2024 – TheNewswire- Vancouver, British Columbia – Happy CreekMinerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) ispleased to announce that it has received a five-year drill permit onthe Company’s SilverbossProject located in the South Cariboo region ofBritish-Columbia.
Highlights
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The 100% owned Silverboss Project is a 110 squarekilometre group of contiguous mineral claims surrounding the historicBoss Mountain molybdenum-silver mine that produced from 1963 to1983.
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Silverboss is highly prospective for copper, silver,gold, and molybdenum as well as nickel and PGM metals.
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The five-year permit for Silverboss allows for up to 30drill holes, trenching, access trails and related work.
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The field program at Silverboss is set to commence inlate June
Happy Creek, President and CEO Jason Bahnsen commented“ Our exploration programfor 2024 is commencing at Silverboss with fieldwork to commence inJune. The 2024 exploration program at Silverboss follows up on thelarge IP anomaly identified in 2012 around the historic Silverbossshaft and adit area. The Company is also currently reviewingexploration plans for its other projects, including the Hel-Art-DLgold, Fox tungsten and Highland Valley copper projects. “
Figure 1: Silverboss Project Location
Silverboss Project Targets
The 110-square-kilometre Silverboss property surroundsthe past-producing, high-grade, open-pit and underground Boss Mountainmolybdenum mine held by Glencore Canada.
Happy Creek’s exploration work on the adjacentSilverboss property has outlined bulk tonnage gold-silver, molybdenumand copper-gold-silver targets that have not been tested by drilling(See Figure 2).
Figure 2: Silverboss Targets
Silverboss exploration targetsinclude:
Silverboss Shaft - In 2012, Happy Creek completed an Induced Polarization(IP) survey covering the general Silverboss shaft and adit area. TheInduced polarization (IP) survey indicates that at a depth of 200mbelow surface, an approximate 750m X 400m area with 9 to greater than15ms chargeability occurs and connects the shaft, adit mineralizedzones with the East Breccia and 10 Mile Creek area and is open (SeeFigure 3).
Figure 3: Silverboss Shaft Zone IPResults
Sampling of shaft and adit dump material by Happy Creekhas returned values ranging from 0.22 to 9.28 g/t gold, 28.0 to 514.8g/t silver and up to 6.695 % copper. Beyond the best exposedmineralized zone, sheeted and stockwork quartz veins occur.
East Brecia / 10 MileCreek - Approximately 350-600 m to the east andsoutheast of the Shaft zone, are the East Breccia and 10 Mile Creekshowings which also contain copper, molybdenum and gold values.
Dogtooth -Approximately 900m southeast of the Shaft, the Dogtooth prospect is ashear-hosted quartz vein that assayed 10.06 g/t gold and 26 g/t silverover 1m width and is open, while widespread rock grab samples from theDogtooth to the 10 Mile Creek area have returned 0.05 to 53.18 g/tgold and 0.8 to 365 g/t silver within an area of approximately 1 sqkm. This large area contains soil anomalies from 12 up to 7,184 ppbgold.
Horse Trail- Islocated approximately 1.25km south of the Shaft, and on the other sideof recent volcanic lava flows that cover the underlying rocks hostingthe mineralization. This target consists of copper, molybdenum, goldvalues in outcrop rock samples and soil. The 2012 IP survey over thisarea shows moderate to very strong IP anomalies occur beneath samplescontaining copper-gold values (See Figure 4).
Figure 4 Silverboss Horse Trail ZoneIP Results
Gus - The Gusprospect is located in the northern part of the Silverboss propertyand contains two, sub-parallel northwest trending copper in soilanomalies from 130 to 400 ppm Cu: the northern one covers an area ofapproximately 2km X 100-150m and the southern one is approximately1.5km X 250m. Low values of nickel, silver and palladium occur in thenorthern anomaly which is underlain by gabbro and pyroxenitecontaining chalcopyrite. The northern Gus anomaly is easily roadaccessible and is thought to present a magmatic copper-nickel andPlatinum Group Element (PGE) style of deposit target.
Drill Permit and ExplorationPlan
The Company has received a five-year area-based drillpermit for the Silverboss project (“MYAB Permit). The MYAB Permitallows for up to 30 drill pads, trenching, access trails and relatedwork during the permit period.
The Company has designed and permitted a program toinclude trenching, chip and channel sampling followed by an initialtest of identified targets with 1500 m drilling in 10 to 12 relativelyshort holes. Subject to funding, drilling would include the first everholes at the Silverboss Shaft, Dogtooth and 10 Mile Creekzones.
Happy Creek is planning to begin the surface trenchingand sampling work in June with drilling to follow when the Company hassufficient funding in place.
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
1 Note 1 -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 is based on publicly availableinformation and cannot not be relied upon as the Company’s QP, aterm which was created and defined under NI43-101, has not preparednor verified the historical information.
On behalf of the Board of Directors,
“Jason Bahnsen”
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASECONTACT:
Jason Bahnsen
Telephone: 604-590-1525
Email: info@happycreekminerals.com
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.
Projects include the Highland Valley Project, adjacentto Teck’s Highland Valley Copper Mine that has been in continuousproduction for over 60 years, the high-grade Fox Tungsten deposit, theSilverboss molybdenum-copper-gold-silver project adjacent toGlencore’s closed Boss Mountain molybdenum mine and the adjacentHen-Art-DL gold and silver project.
Happy Creek is committed to responsible mineral resource development. The Company’s priority is to build and sustain mutually beneficialrelationships with Indigenous Communities in the territories in whichthe Company explores.
Additional information relating to Happy Creek Minerals Ltd. may beobtained or viewed on the SEDAR+ website at www.sedar.com or on the Company’s websiteat www.happycreekminerals.com .
Forward Looking Statement
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.
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 on factors and events that are not within thecontrol of Happy Creek and there is no assurance they will prove to becorrect. Such forward-looking information involves known and unknownrisks, which may cause the actual results to materially differ, and/orany future 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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