Happy Creek Minerals — Advancing High-Grade Tungsten and Copper Projects in South Central BC

Happy Creek Minerals Ltd (TSXV:HPY) is a mineral exploration company focused on the development of its two key projects, the Fox tungsten project and the Highland Valley copper project in south central British Columbia, Canada.

Happy Creek Minerals has held the Fox tungsten property since 2006 and has advanced it from discovery towards development. Following a number of exploration activities on the property, the company has identified some of the highest tungsten grades in the western world. The property’s grades are comparable to those of the probable reserves of the Cantung tungsten mine in the Yukon (0.81 percent WO3), previously the largest tungsten producer in North America.

In 2017, Happy Creek Minerals released an updated resource estimate for two of the seven prospective zones on the property which outlined an indicated resource of 486,000 tonnes at 0.82 percent WO3 (3.9 million kilograms of WO3) and an inferred resource of 361,000 tonnes at 1.57 percent WO3 (5.7 million kilograms of WO3). Happy Creek has also established that most of the exploration zones remain open to extent, offering significant blue sky potential to the project.

Happy Creek also owns two copper properties in Southern BC’s Highland Valley, a district renowned for hosting Teck Resource’s Highland Valley copper project. Totalling 17,625 hectares, the projects hosts two high-grade deposits, the second of which is presenting copper-gold and strong rhenium enrichment, which is thought to be unusual in this camp. In the company’s 2017 drill program, it was able to extend the second deposit, bringing it closer to resource estimate readiness. The copper and copper-gold deposits have presented drilling results of 95 meters of 0.67 percent copper and 152.5 meters of 0.35 percent copper, respectively.

Happy Creek has a management team with notable experience in the mining and financial industries. The team is also significantly invested in the company, with all directors holding shares and CEO David Blann holding over 4 million. Happy Creek is also supported by a strategic shareholder, RCF Capital, that holds 19 percent of company shares and provides expertise in funding tungsten projects towards production.

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