Business
Happy Creek Minerals Ltd. begins field work at the high-grade Fox Tungsten Property
(via TheNewswire) July 20, 2020 - TheNewswire - Vancouver, British Columbia - H...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek Minerals Ltd. begins field work at the high-grade Fox Tungsten Property(via TheNewswire)\n \n \nJuly 20, 2020 - TheNewswire - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSXV:HPY) (\"Happy Creek\" or the \"Company\") is pleased to announce that Phase 1 exploration is underway on the Company's 100% owned, 198 square kilometre Fox Tungsten Property in south central British Columbia, Canada.\n\n\n \nThe Fox Tungsten Property (the \"Fox\" or the \"Property\") represents a rare, high-grade strategic and critical metal discovery in a good location and has resources with grades similar to the top five projects in the western world.\n\n\n \nThe 2020 Phase 1 exploration program will include surveys, prospecting, geological and geochemical studies in an area where approximately eight km of logging roads have been built over the past year and extend up the southwest side of Deception Mountain and much closer to the Company's current high-grade tungsten resources. The new road cuts also have potential to reveal bedrock in this under-explored and prospective area. The Company's previous reconnaissance traverses in this area have resulted in the discovery of calc-silicate (the tungsten host rock) boulders and stream sediment samples containing 14 ppm, 46 ppm, 708 ppm and 3,120 ppm W (tungsten) over approximately 2 km. These results are comparable to those in creeks draining the high-grade Ridley Creek tungsten deposit on the east side of the mountain. A principle objective of exploration in this new area is to locate more tungsten-bearing calc-silicate that may be extensions of the Ridley Creek and other high-grade tungsten deposits along a 5 km trend and up-dip to the northeast.\n\n\n \nIn addition, the new roads provide easier access north of the Nightcrawler zone where it is expected to come to surface. As announced in the Company's news release dated November 4, 2019, drill hole F19-02 in the Nightcrawler zone returned excellent results including 6.3 metres of 0.43% W03 at a depth of 60 metres below surface. This intercept along with previous drill results up to 5.0 metres of 1.0% W03 are comparable with the current Fox deposits and other known tungsten projects in the western world being considered for development. Recently completed 3D geological modelling of the Nightcrawler zone has identified a target for whi...