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Happy Creek Minerals Ltd.
Summary
| Project: | Fox | |
|---|---|---|
| Deposit: | Ridley Creek Zone | |
| Location: | Canada | |
| Commodities: | Tungsten | |
| Date: | 6/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-6-2016: Happy Creek Minerals Ltd. announces a Resource Estimation report for its Ridley Creek Zone deposit at the Fox project. Full Technical Report on property with updated Metallurgical Results. The authors of this report were commissioned by Happy C | |
| Resources: | (Resource): 505Kt @ 0.468% WO3 (Ind.) and 280Kt @ 0.456% WO3 (Inf.) | |
| CP/QP: | [Resources]: Pierre Desautels (AGP Mining Consultants Inc.) | |
| ABSTRACT: | The authors of this report were commissioned by Happy Creek Minerals Ltd. (Happy Creek) to complete a Technical Report and resource estimate of the Ridley Creek Zone ("RC Zone") of the Fox Property. This report has been prepared in accordance with National Instrument 43-101 (NI 43-101) Standards of Disclosure for mineral projects and Form 43-101F1. This report is an update of the 15 April 2016 technical report, in support of the 26 May 2016 news release disclosing new metallurgical results. All other information is unchanged from the previous report. The Fox property (the “Property”) is located in southern British Columbia approximately 70 kilometres northeast of the town of 100 Mile House, and approximately 30 kilometres east of the former Boss Mountain molybdenum mine (Fig 1.1). The Property is situated at 120° 29’ 50.19” West longitude and 52° 03’ 00.48” North latitude and covers BC TRIM map sheet number 093A.008, and part of 092P.097. The southern and central portion of the Property are easily accessible by paved and gravel logging roads from 100 Mile House the largest community in the region. Driving distance from 100 Mile House is 100 kilometres and takes around 1.5 hours to drive to the Fox camp. The Property consists of 31 converted legacy and new cell claims totaling ~ 13,589 hectares (135.89 km2 ). All tenures are 100% owned by Happy Creek Minerals Ltd. and are subject to a 2.5% Net Smelter Royalty (NSR), with the Happy Creek having the right to purchase 1% of the NSR. | |
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