Business
Happy Creek finds new tungsten zone on Fox property
(via Thenewswire.ca) June 6th, 2016 / TheNewswire / Vancouver, British Columbia. Hap...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek finds new tungsten zone on Fox property(via Thenewswire.ca)\n \n \nJune 6th, 2016 / TheNewswire / Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\") is pleased to announce that exploration has commenced on the 100% owned Fox tungsten property and a new zone of at-surface tungsten mineralization has been discovered at the South Grid.\n\n \n \nUltra Violet lamping of rocks has revealed the presence of scheelite (tungsten mineral) occur within recent logging clear-cuts and roads. Numerous boulders, sub-crop and poorly exposed outcrop throughout a 1.25km by 500m area were found to contain positive and locally high concentrations of scheelite within calc silicate rocks. \n\n \n \nThe area is largely covered by 1-2 metres of glacial till mixed with sub-crop boulders, and small bedrock exposures occur mainly along portions of road cuts and topographic ridges or bench crests. The South Grid target is outlined by tungsten values in soil similar to or higher than those found at the high grade BN and Ridley Creek zones and was identified in late 2015, with sample results received too late in the year to conduct surface work. The geology and presence of widespread scheelite in rocks and tungsten in soil confirm the South Grid target is underlain by an at-surface tungsten prospect of considerable size. Photos of the area may be viewed in the news release posted on the Company's website, and initial sample results are pending. Specific locations for trench and drill sites are being reviewed.\n\n \n \nThe South Grid is located 8 km south of the Ridley Creek zone, for which on March 15th 2016, the Company announced an initial NI-43-101 resource. It holds a 45-degree pit constrained 505,000 tonnes indicated at 0.468% WO3 and 280,000 tonnes inferred at 0.456% WO3 at a 0.10% WO3 cut-off with a 4.1: 1 strip ratio. Within this are 240,000 tonnes indicated at 0.74% W03 and 129,000 tonnes at 0.67% W03 inferred at a cut-off of 0.40% W03. There is a larger inventory identified within the known boundaries, and the deposit remains open to further expansion. \n\n \n \nIn addition to the Ridley Creek zone, there are several other exploration targets on the property thought to hold potential for additional high-grade resources which have not been drilled since 2012, or at all. The objective of further work is to ...