Business
Happy Creek Begins Drilling the Rateria Copper Property, Highland Valley, B.C.
(via TheNewswire) June 6, 2017 / TheNewswire / Vancouver, British Columbia - Happy C...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek Begins Drilling the Rateria Copper Property, Highland Valley, B.C.(via TheNewswire)\n \n \nJune 6, 2017 / TheNewswire / Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\") is pleased to announce that drilling is underway on its 100% owned Rateria copper property in the Highland Valley area of B.C., Canada.\n\n \n \nAlthough the Company remains committed to further development of its Fox tungsten project after snow leaves the higher elevations of the property, the Company is first conducting a drill program to explore its Rateria property. The Company is exploring and maintaining approximately 200 square kilometres of mineral tenure that adjoin and surround the southern end of the Highland Valley Copper property, Canada's largest base metal mine. Happy Creek plans to conduct step-out holes to expand the Company's Zone 2 discovery that is located approximately 6.5 km southeast of the currently producing Highmont open pit, and test another target for which no drilling is known.\n\n \n \nDavid Blann, President and C.E.O. of Happy Creek states: \"In 2012, our last drill hole in Zone 2 returned 152.5 metres of 0.35% copper, and we had an interval with 12.5 metres of 0.63% copper, 0.66 g/t gold. The gold-copper ratio in Zone 2 is believed to be much higher than other Highland Valley deposits. In addition to the potential for expanding Zone 2, which may trigger a resource estimate for both Zone 1 and 2, there is clear opportunity for the discovery of new deposits.\"\n\n \n \nThe Company is planning to drill four or five holes totaling approximately 1500 metres on the Rateria property by the end of June or early July, followed by exploration, drilling and engineering-related studies on its Fox tungsten project for the balance of the season.\n\n \n \nAbout Happy Creek Minerals\n\n \n \nHappy Creek is advancing two exploration projects in British Columbia, Canada. The Fox is a 100% owned new tungsten discovery with 486,000 tonnes grading 0.817% WO3 (Indicated) and 361,000 tonnes grading 1.568% WO3 (Inferred). A portion of the resources are near-surface within a 3.3:1 strip ratio open pit. As announced January 26, 2017, the resources have among the highest grade in the western world and all seven zones are open to further expansion within a 10 km by 3.0 km mineral system. The Company's objective...