Happy Creek Minerals Ltd. (TSX-V: HPY) is engaged in the business of creating wealth for shareholders by the exploration for new economic mineral discoveries located in proximity to infrastructure and existing or past-producing mines in British Columbia, Canada. The Company currently has a 100% interest in 6 mineral properties and has been successful on two projects with significant new discoveries.
Fox Tungsten property: A from-scratch new tungsten discovery with resources having among the highest grade in the Western World.
Rateria & West Valley Copper property: two new exploration discoveries that are 6.5 km from an existing open pit at the adjoining Highland Valley mine, Canada’s largest copper producer.
Drill-ready exploration targets on all properties- tungsten, copper, gold, silver
- Recent insider buying
- Shares issued- 105m
- Year low- high $0.08- $0.17
- Current price $0.08
- Cash - $1.15m
David Blann, President/ CEO/ Director
Walter Segsworth, Chair/ Director
Rodger Gray, Executive Chair, Director
Mike Cathro, Director
Paul Berndt, Director
Rick Lee, Chief Financial Officer
The Fox tungsten property is a new from-scratch discovery located about 75 km by road northeast of the town of 100 Mile House in south central B.C. As of March 2018, the project hosts a NI43-101 open pit and underground resource of 582,400t of 0.826% W03 (indicated) and 565,400t of 1.231% W03 (inferred) that is today among the highest-grade resources in the western world. There is more material within the block model and resources are open. Reconnaissance drill and trench results that are above cut-off grade in other areas also provide opportunity to expand resources. The Fox is thought to be on the cusp of a globally top-tier tungsten development project.
The Rateria- West Valley property adjoins and surrounds the southern side of Teck Resources Highland Valley copper mine - Canada’s largest copper producer. Happy Creek has carefully assembled its 240 sq km property over 14 years, a land position held by one company for the first time. The Company has discovered and delimited by drilling two new deposits that are currently around one km in strike, 75-150m in width, over 300m in depth and are open. Zone 1 results include 95m of 0.67% copper and zone 2, 152.5m of 0.35% copper with positive moly, rhenium, gold and silver values. 200m east of Zone 2, an exploration hole returned 5m of 4.4% copper, 6.86 g/t rhenium that is also open. Zone 1 and 2 have potential to expand and are 6.5km away from an existing open pit.
On the historically much less explored and under-appreciated West Valley property, the Company has conducted regional work to create our own geological picture which has identified several areas thought to have potential for copper deposits. Results from recently completed geophysical surveys combined with newly discovered copper showings on the Rateria and West Valley properties suggest we are on track to find another significant copper deposit in the world class Highland Valley district, where 5 deposits have achieved commercial production.
The Silverboss Cu-Mo-Au-Ag property adjoins and surrounds the former Boss Mountain molybdenum mine (Glencore), and Teck Resources has recently staked 500sq km adjoining the western side of the property. The Company has explored and developed several drill-ready targets and the property remains under explored.
The Company also has the Hawk, Hen and Art-DL properties that contain drill-ready copper-gold and gold-silver targets, respectively and remain under explored.