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Happy Creek Minerals Ltd.
Summary
| Project: | Fox | |
|---|---|---|
| Deposit: | BN Zone | |
| Location: | Canada | |
| Commodities: | Tungsten-Zinc-Indium-Gold | |
| Date: | 10/24/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2016: Happy Creek Minerals Ltd. announces an Exploration/Drilling Update report for its BN Zone deposit at the Fox project. Drilling Results incl. 4.10m @ 5.10% WO3, 10466 ppm Zn, 3.9% Indium, 97 ppb Au from 70.80m. October 24, 2016 – Vancouver, Bri | |
| Resources: | (Resource): 505Kt @ 0.468% WO3 (Ind.) and 280Kt @ 0.456% WO3 (Inf.) | |
| CP/QP: | [Overall Report]: David Blann (Not Stated) | |
| ABSTRACT: | October 24, 2016 – Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company”) is happy to announce additional results from the 2016 exploration program on its 100% owned Fox tungsten property, located northeast of 100 Mile House, in south central British Columbia, Canada. A program of geology, trenching and approximately 2,330.6 metres of NQ diameter core drilling in 28 holes were completed at the Ridley Creek, BK, BN and South Grid zones. Interim results reported here are from 19 holes, with additional results from these and other holes pending. A map showing the location of the various mineralized zones can be found on the Company’s website at www.happycreekminerals.com. BN prospect Drill hole F16-17returned 4.1metres of 5.1% WO3 and is located approximately 50 metres south of 2012 drill hole F12-27 which contains 14.8m of 4.0% W03. F16-18 is about 50 metres south of F16-17, and returned 3.03 m of 1.07 % WO3 and ended within the mineralized zone due to a drill problem. Approximately 45 metres further south, F16-19 returned 6.0 metres of 0.56% WO3, including 2.8 metres of 0.81% WO3. Drilling at the BN prospect has started to outline a new high grade mineralized zone that is open in extent to the south and north. To date, drilling has tested an area approximately 150 m by 100 m in dimension within a target area that is 1.5 km by 1.0 km in dimension. For comparison, the Cantung mine located in the Northwest Territories, Canada, is regarded as among the largest and highest-grade tungsten mines in the western world with reserves and resources grading approximately 0.80 to 0.97% WO3 (1). | |
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