Business
Happy Creek engages Toll Cross Securities to pursue strategic alternatives for Fox tungsten property
(via Thenewswire.ca) January 03, 2014 - Vancouver, British Columbia. Happy Creek Mineral...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek engages Toll Cross Securities to pursue strategic alternatives for Fox tungsten property(via Thenewswire.ca)\n \n \nJanuary 03, 2014 - Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\") announces that it has engaged Toll Cross Securities to act as advisors to pursue and evaluate strategic alternatives including finding appropriate joint venture partners for its Fox tungsten property.\n\n \n \nToll Cross Securities Inc. specializes in equity research, institutional equity trading, and providing independent advice to corporations on M&A, financing and restructuring transactions. Toll Cross Securities Inc. is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund as well as a participating organization of the TSX and TSX Venture Exchanges. Through Sales, Trading, Research, and Investment Banking functions, it offers a full slate of services to both public and private companies. \n\n \n \nDavid Blann, President and CEO of Happy Creek states: \"The Fox is an exciting story and an example of our original objective to make new discoveries from scratch and in a good location. From here, the Fox tungsten project requires a focused and dedicated team of technical and financial experts. I am pleased to have engaged Toll Cross, a financial and advisory team with strong resource experience and international reach.\"\n\n \n \nThe Fox tungsten property is owned 100% by the Company and covers an area of 165 square kilometres. The property is well situated approximately 25 km east of the past producing Boss Mountain molybdenum mine, and 75 km northeast of the town of 100 Mile House in the south-central Cariboo region of British Columbia, Canada. \n\n \n \nThe Company has explored the Fox property from an early stage returning positive values of tungsten in rock, stream sediment, soil and drill core in an area 10 km by 3 km in dimension. Drilling by the Company in 2011, 2012 and 2013 has returned encouraging results. Together, the high grades that are in a near surface position, the large scale of the mineral system and its proximity to infrastructure are believed by the Company's management to indicate a potentially globally important new discovery of the strategic tungsten metal. Detailed exploration drilling in one area (RC) has outlined a well-minera...