Business
Happy Creek expands Rateria property, Highland Valley, B.C.
(via TheNewswire) September 8, 2017 / TheNewswire / Vancouver, British Columbia - Ha...
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[{"type":"text","content":"Happy Creek expands Rateria property, Highland Valley, B.C.(via TheNewswire)\n \n \nSeptember 8, 2017 / TheNewswire / Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\") announces that it has added 14.52 square kilometres of mineral claims at its 100% owned Rateria copper property in the Highland Valley, B.C., Canada. \n\n \n \nThe Company has entered into a purchase and sale agreement with two arm's length vendors to acquire a 100% interest in mineral claim tenures that cover 350.36 hectares, and located approximately 20 km northeast of Lower Nicola in the province of British Columbia, Canada. In total, the Company will pay $30,000 in cash to the vendors and issue 50,000 common shares at a deemed price of $0.20 per share. The shares will be subject to a 4 month hold period commencing on the date of closing.\n\n \n \nCompletion of the acquisition is subject to the approval of the TSX Venture Exchange.\n\n \n \nIn addition, the Company acquired by staking for its own account, mineral claim tenures totaling 1,195.63 hectares. In total, the Company acquired 14.52 square kilometres of mineral claim tenure that adjoin to the east, the Company's Rateria copper property.\n\n \n \nAbout the property\n\n \n \nThe Company is exploring over 200 square kilometres of mineral tenure that adjoin and surround the southern end of the Highland Valley Copper property of Teck Resources, Canada's largest base metal mine. The Rateria- West Valley property is thought to be a quality copper exploration asset in a district where four porphyry copper deposits and one copper skarn have achieved commercial production.\n\n \n \nThe newly acquired property, formerly known as the Chataway property, was explored periodically since the late 1800's with more modern work completed between the late 1950's and 2011. This property contains several copper prospects, although approximately 95% of the area is covered by complex glacial till that limited historical exploration effectiveness. Portions of the new property that are located near the Rateria property are thought to have the potential to host extensions of the known mineralized zones on the Rateria property.\n\n \n \nOn August 29, 2017, the Company announced that drilling at Zone 2 on the Rateria property returned 105.5 metres of 0.37% copper, 0.14 g/t gold, 1.9 g/t silver an...