Happy Creek Minerals Defines Mass Copper-Moly Targets in Highland Valley

Happy Creek Minerals Ltd. has reported the delineation of several multi-kilometer copper-moly targets during its 2021 exploration campaign at its Highland Valley project. In addition, the TSX-V has approved the purchase and sale agreement announced by the company on February 24, 2022, for the adjacent, highly prospective 438 hectares of Mystery property.

Peter Hughes, President, and Chief Executive Officer said, "The Company's 2021 field program has successfully identified entirely new targets in the Highland Valley. As the property is located in an active and mature mining district, our soil sampling and prospecting program have intercepted several large, compelling copper-molybdenum-gold targets for follow-up exploration and drilling."

We also acquired a 100% interest in the highly prospective Mystery property, expanding our Zone 2 acreage. The goal is to discover a world-class deposit in Canada's most prolific copper play. During the summer and fall of 2021, Happy Creek collected over 2,100 soil, stream silt and prospect rock samples.

Fieldwork in 2021 was focused on the northern portion of the Rateria property, near the Company's Zone 2 porphyry copper-molybdenum-silver-gold deposit. Drilling by the Company at Zone 2 since its discovery in 2008 has returned consistently strong copper grades, with locally enhanced gold, silver and molybdenum values, over an area of 900 m by 600 m. Highlight drill intercepts include 105.5 m grading 0.37% Cu, 0.14 g/t Au, and 0.005% Mo in hole R17-05, 126 m grading 0.46% Cu, 0.10 g/t Au and 0.008% Mo in hole R08-05, and 5.0m grading 4.41% Cu, 0.21 g/t Au, 20.0 g/t Ag, 0.031% Mo and 6.86 g/t Re in R17-02.

A total of 1,907 soil samples were collected on the Rateria soil grid, resulting in the identification and delineation of several multi-kilometer copper and molybdenum anomalous zones.

New copper-moly targets anomalies have been rare in past exploration, but appear to be much larger than soil anomalies associated with known mineralization. Happy Creek Minerals is focused on making new discoveries and building resources near infrastructure in a diversified portfolio of 100% owned metal projects in British Columbia. The Company's management, Board of Directors, and technical advisors have solid expertise in the mineral resource sector and capital markets.

Happy Creek Minerals is focussed on making new, 100% owned discoveries in proximity to mines and infrastructure and adding value to the Company for its shareholders. Happy Creek’s Highland Valley project, which includes the adjoining West Valley, Rateria, and Mystery properties, encompasses 240 square kilometers of world-class, high-quality, underdeveloped mineral properties.

• < Prev
• Next >