Happy Creek Minerals Ltd. is pleased to announce that drilling is completed on its 100% owned, 165 square kilometre Fox tungsten property. The Fox property is located approximately 75 km northeast of 100 Mile House, in the south-central Cariboo region of British Columbia, Canada.

On the Fox property, positive values of tungsten occur in rock, stream sediment, soil and drill core in a 10 km by 3 km area. On the east side of Deception Mountain, four outcropping mineralized zones are named from south to north the 708, BN, RC (Ridley Creek) and BK prospects. Together, these prospects are within a favorable target horizon (calc-silicate or skarn) spanning a distance of three kilometres and a lateral extent thought to be greater than one kilometre.

During July 2013 the Company drilled approximately 1,300 metres of NQ size core at the RC prospect. Eighteen drill holes were completed and an additional three holes were lost prior to cutting through the target horizon. All completed drill holes intersected the favorable target horizon that starts from surface and is estimated to be between 15 and 40 metres in thickness. Using Ultra Violet light to fluoresce tungsten, the target horizon in the drill holes contain variable concentrations of tungsten from trace to very strong. The mineralized zone remains open in extent. Drilling to date at the RC prospect has tested approximately 10-15% of the potential target area on Deception Mountain. Logging and sampling of drill core is currently being completed, and results will be released when available.

Drill highlights from 2011 and 2012 at the RC prospect include 7.35 metres of 1.22% tungsten (W03), 19.4 metres of 0.82% tungsten, 11.0 metres of 0.80% tungsten, 20.0 metres of 0.63% tungsten and 24.7 metres of 0.68% tungsten. One kilometer to the south of the RC prospect, drilling at the BN prospect returned three intervals in hole F12-27: 4.1 metres of 1.78% tungsten, 14.8 metres of 4.0% tungsten and 24.0 metres of 0.79% tungsten including 5.8 metres of 2.01% tungsten. One kilometre north of the RC prospect, drilling at the BK prospect returned 5.0 metres of 0.68% tungsten. (Refer to Press Release dated November 19, 2012).

A grade of 0.7% tungsten contains 7.0 kg W03 per tonne of rock, and tungsten concentrate prices have recently risen to around $36/kg W03 with more refined APT (ammonium paratungstate) prices around $42.0/kg W03. Tungsten is regarded as a strategic and critical metal for industrialized countries. Over 50% is used in cemented tungsten carbide for making cutting tools for the construction, metalworking, mining, oil and gas drilling industries. The balance is used for heavy alloy in applications requiring high density such as electrodes, filaments, wires, and other components for electronic, heating, lighting, welding, steels, super-alloys, wear-resistant alloys and chemicals for various applications. Zinc and indium also occurs with tungsten at the Fox property. Indium is a rare metal used in liquid crystal applications such as touch screens and prices have also risen to over US$550/kg ($5.50/gram).

The near surface setting, proximity to infrastructure and presence of high grades are thought to make the Fox property a unique and attractive new discovery in the global tungsten sector.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten carbide powder market continues to be quiet in China.

The demand from the cemented carbide market does not show obvious improvements at present, and the downstream customers only purchase from hand to mouth with watching attitudes.

The trading volume is small in the spot market. The tungsten carbide powder offer keeps stable as whole. 

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Indian tungsten market shows no improvements.

Due to the high tungsten prices and dull economy, demand of tungsten hovers at low level in India. Local market participants see no sign of improvement in the near future.

An Indian trader reported that demand of tungsten is very low in India that their trading volume decreased.

You can visit the following links for more information about  tungsten market.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:   sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

European ferro-tungsten prices stable

European ferro-tungsten offering prices have held flat between USD48.00-49.00kg W in warehouse Rotterdam this week, with the majority of stockholders reluctant to part with material below this level as export prices from both China and Vietnam remain above USD48.00kg W CIF Rotterdam.

However during European consumer tenders this week, material was purchased between USD47.50-48.00kg W d.d.p. A large European ferro-tungsten trader revealed that he has seen a wide price range of between USD47.50-49.00kg W in warehouse Rotterdam.

You can visit the following links for more information about  ferro-tungsten prices.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:     sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Ammonium paratungstate market (APT  market) sees few deals with watching attitudes.

According to the APT market participants in China, the ammonium paratungstate prices(APT  prices) are stable this week, and the APT market runs slowly.

Currently, most of the APT suppliers hold wait-and-see attitudes and are inactive in selling materials at present as China Minmetals’ offers for tungsten concentrate will be published next week. 

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:    sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

China ammonium paratungstate  (APT) export prices firm.

China ammonium paratungstate prices(APT  prices) are stable this week, and the market sees few deals been concluded. Most of the market participants watch the market and wait for the China Minmetals’ tungsten concentrate prices.

Chinae APT export market is quiet although the offers are increasing in the European market. China APT suppliers hold offers firm at present. A source from an APT factory based in South China noted that they make offers for APT at USD430-440mtu.

You can visit the following links for more information about   ammonium paratungstate prices(APT  prices).

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:   sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Vietnam ferro-tungsten market inactive.

The demand from the steel market is soft, and the downstream customers only purchase ferro-tungsten from hand to mouth.

Moreover, the European customers will leave the market for summer holiday in August, and it is expected that the trading volume will be small in ferro-tungsten market in the near future.

You can visit the following links for more information about  ferro-tungsten prices.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

China tungsten concentrate prices remain stable with few buying activities.

China tungsten concentrate prices are stable this week, and the trading volume is small in the spot market. Many tungsten concertratemarket participants watch the future market, and are inactive in making deals.

China Minmetals will publish the tungsten concentrate prices next week, and it is expected that the tungsten concentrate market will be quiet this week.

You can visit the following links for more information about  tungsten concertrate market.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Downstream customers inactive in purchasing APT in China.

According to the ammonium paratungstate market (APT  market) participants in China, the ammonium paratungstate prices(APT prices) are stable this week, and the APT market runs slowly.

Currently, both of the APT suppliers and buyers hold wait-and-see attitudes and are inactive in concluding deals in the spot market. An end-user based in South China noted that they receive offers for APT at RMB224,000-226,000 per ton.

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

HC Starck has signed a tungsten chemical joint venture agreement with Nui Phao Mining Company, both parties announced on Monday July 29.

The joint venture project will process tungsten concentrate produced by Nui Phao into tungsten chemicals including ammonium paratungstate and blue tungsten oxide.

The project will have capacity for 6,500 tpy of tungsten trioxide. Nui Phao, a subsidiary of Vietnam’s Masan Group, will own 51% of the venture and HC Starck.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com