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Happy Creek identifies awaruite, a nickel-iron alloy, on Black Riders property
(via Thenewswire.ca) Vancouver, British Columbia / TNW-ACCESSWIRE / June 10, 2014 / Happ...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek identifies awaruite, a nickel-iron alloy, on Black Riders property(via Thenewswire.ca)\n \n \nVancouver, British Columbia / TNW-ACCESSWIRE / June 10, 2014 / Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\") is pleased to announce preliminary results from a petrographic analyses of several nickel-bearing rock samples from its 100% owned, Black Riders property. The property adjoins the Company's Fox tungsten property and 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 \nHost rocks at Black Riders are ultramafic and magnesium silicate-rich, and consist of serpentinite, pyroxenite, gabbro and dunite. Surface grab samples collected in 2006 returned values between 0.06 to 0.23% nickel including a 300 metre long grab sample containing 0.19% total nickel. The area containing nickel values at surface is at least 1 km by 2 km in dimension.\n\n \n \nIn mid April 2014, three hand samples, grading between 0.22 and 0.23% Ni, were submitted for metallurgical and TIMA petrographic analyses at Process Mineralogical Consulting of Maple Ridge, B.C. The semi-quantitative petrographic work determined that nickel is present in olivine and serpentine, as well as the minerals pentlandite, mackinawite, nickel pyrrhotite, nickel magnetite (nickel-iron alloy) and awaruite. The presence of awaruite and nickel-iron alloys (or \"native stainless steel\") is of interest as these are the key host alloys found at the Decar project in northwestern B.C, a joint venture between First Point Minerals (TSXV: FPX) and Cliff's Natural Resources, a Fortune 500 Company. \n\n \n \nDavid Blann, P.Eng., President of Happy Creek states: \"The presence of nickel iron alloys in these initial three petrographic samples, representing only a small portion of the property, suggests the opportunity for Black Riders to host a large, low strip-ratio deposit similar to Decar. Additional investigation of the Black Riders property is warranted.\"\n\n \n \nOf the total nickel present, the amount that is in alloy form and recoverable by gravity and magnetics, along with other qualities of a potential concentrate, determine whether there is economic opportunity. The key benefits of iron-nickel alloy depos...