Business
Happy Creek expands Goldfinch zone with samples over 10 g/t gold in soil on the Silver Dollar property
(via Thenewswire.ca) January 27, 2016 / TheNewswire / Vancouver, British Columbia. H...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek expands Goldfinch zone with samples over 10 g/t gold in soil on the Silver Dollar property(via Thenewswire.ca)\n \n \nJanuary 27, 2016 / TheNewswire / Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company) is providing an update on its 100% owned Silver Dollar property, located in the Camborne mining camp, approximately 45 kilometres southeast of Revelstoke, B.C.\n\n \n \nIn September 2015, the Company collected 203 soil samples from the Goldfinch claim. The samples were collected 25 metres apart on east-west oriented lines that are 50 metres apart. Samples were prepared and analyzed for gold and multi-elements by two methods at Act Labs of Kamloops, B.C. For one method, a 0.5-gram sample was digested by aqua regia then ICP/MS analyses performed with results reported in parts per billion (ppb). All samples were also analyzed for gold by Fire Assay and Neutron Activation (INNA) using a 10-gram pulp sample.\n\n \n \nResults:\n\n\n \nFor the INNA analyses, samples range from 1.1- 2550 ppb (2.55 g/t) gold, and 46 samples contain greater than 100 ppb gold and 29 contain over 200 ppb gold. For the 0.5 gram ICP/MS method, samples range from 0.5 to greater than10,000 ppb (10 g/t) gold, and 21 samples contain greater than 100 ppb gold, and eight contain over 200 ppb gold. Comparative analyses of the two methods and analytical duplicates suggests some gold is relatively coarse grained and that a nugget effect exists. Historical reports from the Goldfinch indicates visible gold occurs in drill core with samples up to 0.85 metres of 141.58 g/t gold, and wider intervals of 42 metres of 2.5 g/t gold (1). Interpretation suggests the larger sample size and Fire Assay with INNA results produce more consistent, reliable results. A range of gold values in soil between 37 and 75 ppb are considered moderately positive and those over 75 ppb, strongly positive.\n\n \n \nKey points: \n\n\n \nModerate to strongly positive gold values occur in a northwest-southeast trend that extends over 500 metres beyond the historical Goldfinch workings. The zone is thought to be part of the main regional scale Camborne structure connecting the Goldfinch and Menhinick Creek adits, a distance of approximately one kilometre. On the southern-most grid line, nine of 10 continuous samples were over 111 ppb gold and up 2,500 ppb gold....