Business
Happy Creek drills 14.0 metres of 0.65% W03 in 60 metre step-out hole at Fox tungsten property
(via Thenewswire.ca) October 17, 2012 -- Vancouver, British Columbia -- Happy Creek Mineral...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"\nHappy Creek drills 14.0 metres of 0.65% W03 in 60 metre step-out hole at Fox tungsten property\n\n(via Thenewswire.ca)\n\n \nOctober 17, 2012 -- Vancouver, British Columbia -- Happy Creek Minerals Ltd. (TSX-V:HPY, the \"Company\") is pleased to announce additional drill results from its 100% owned, 162 square kilometre Fox tungsten-molybdenum property. The Fox property is located approximately 75 kilometres northeast of 100 Mile House, British Columbia (B.C.), Canada. \nAt the Ridley Creek area, four prospects called the 708, BN, RC and BK span a distance of approximately 3.0 kilometres. In 2010, trenching returned 1.0 metre of 2.38% W03 (tungsten trioxide), 0.40 metres of 11.10% W03, 7.0 metres of 0.80% W03, and 4.6 metres of 0.85% W03 at each prospect, respectively.\n\n \n \nIn 2011, the first ever drilling at the RC prospect returned very positive results including 7.35 metres of 1.22% W03 and 4.7 metres of 1.02% W03. On September 18, and October 3 2012, the Company announced additional results that are summarized in the table below.\n\n \nNew results from the RC prospect include vertical hole F12-11 with 14.0 metres of 0.65% W03 starting at 27.0 metres depth. This includes 1.6 metres grading 3.82% W03, 0.45% zinc, 3.1 g/t indium and 0.10 g/t gold. Results continue to indicate strong tungsten grades along with zinc and the rare metal indium. F12-11 is located approximately 60 metres northwest of F12-09 that returned 11.0 metres grading 0.82% W03. The near surface zone dips gently (approximately 10 to 16 degrees) west and the interval in F12-11 is thought to reflect near true-thickness. F12-11 also confirms the mineralized zone extends for approximately 125 metres beyond a trench containing 5.0 metres of 0.98% W03, and the zone remains open in extent.\n\n\n \n\nDavid Blann, President and Chief Executive Officer of Happy Creek states: \"F12-11 is another excellent result that is 60 metres away from a similar result in F12-09. This project continues to advance nicely. Drilling is beginning to outline a near-surface zone containing strong tungsten grades. We have tested only a small portion of the three kilometre long trend, providing us with large scale potential.\"\n\n \n \nPreliminary 2012 RC Zone Drill Results Summary \n\n \n \n\n -------------------------------------------\n |  | From| To | Interval|&#x...