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Happy Creek Minerals Ltd.
Summary
| Project: | Rateria | |
|---|---|---|
| Deposit: | Zone 1 | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum-Rhenium | |
| Date: | 8/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-8-2017: Happy Creek Minerals Ltd. announces an Exploration/Drilling Update report for its Zone 1 deposit at the Rateria project. Drilling results incl. 105.5m @ 0.37% Cu, 0.14g/t Au, 1.9g/t Ag, 0.005% Mo, 0.63g/t Re from 209.0m. August 29, 2017 – Vanco | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Blann (Internal) | |
| ABSTRACT: | August 29, 2017 – Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company”) is pleased to announce results from drilling at its 100% owned Rateria copper property in the Highland Valley, B.C., Canada. This district has been in continuous production since 1963. The Company is exploring approximately 200 square kilometres of mineral tenure that adjoin and surround the southern end of the Highland Valley Copper property of Teck Resources, Canada’s largest base metal mine. The Rateria property is underlain by the Guichon batholith, host to four porphyry copper deposits that have achieved commercial production. Happy Creek has completed 1,763.97 metres in six holes. Five (-55-degree) angle holes were drilled to expand the Company’s Zone 2 deposit that is located approximately 6.5 km southeast of Teck’s currently producing Highmont open pit. One hole tested the geological potential of an area in which no previous drilling is known. Zone 2 with elevated gold and rhenium values. There are also numerous exploration targets that have had limited work performed over the years. The Company will review the latest results to determine a plan for this promising project. The Company believes the property is a quality copper exploration asset in a camp where four porphyry copper deposits and one copper skarn have achieved commercial production. | |
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