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Happy Creek Minerals Ltd. to begin 3,000 Metre Drill Program on Rateria-West Valley Property, supported by New Geological Targeting Information
(via TheNewswire) Vancouver, British Columbia - TheNewswire - July 13, 2020 ...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek Minerals Ltd. to begin 3,000 Metre Drill Program on Rateria-West Valley Property, supported by New Geological Targeting Information(via TheNewswire)\n \n \nVancouver, British Columbia - TheNewswire - July 13, 2020 - Happy Creek Minerals Ltd. (TSXV:HPY) (\"Happy Creek\" or the \"Company\") is pleased to announce that a 3,000 metre drill program has been approved by the Board of Directors on the Company's 100% owned, 244 square km Rateria-West Valley property (the \"Property\"), which borders the south side of Teck Resources Limited's Highland Valley Copper mine. The Company's final selection of drill sites and contractors is under way and the drill program is expected to begin in early August on several new and existing targets. \n\n\n \nThe Company is also pleased to report exciting new results from the 2020 Phase 1 exploration program which comprised the application of new techniques of hyperspectral mineral and alteration studies. These studies will help guide the upcoming drilling program and provide greater potential for the discovery of new deposits that will have a positive impact for the Company's shareholders.\n\n\n \nThe Phase 1 hyperspectral and geochemical study was led by Mr. John Ryan, Chief Geoscientist of HEG and Associates Exploration Services Ltd. (\"HEG\"). The HEG team utilized a portable X-ray fluorescence spectrometer (\"XRF\") and a TerraSpec Halo mineral analyzer (spectral) to measure changes in the white mica composition, ALOH wavelengths and geochemistry at several deposits and prospects on Happy Creek's Property. \n\n\n \nThe hyperspectral signature of porphyry deposits in the Highland Valley mining district has been well documented in recent studies (Alva-Jimenez, 2011, Alva-Jimenez et al., 2020, Lesage, 2020). Changes in the composition of white mica and chlorite have been linked to the alteration zonation of both the Valley-Bethsaida-Alwin and slightly older Bethlehem mineral systems. The information collected at Rateria-West Valley can be compared to this published data and will assist the Company in providing vectors towards the potential location of the highest-grade portion of a porphyry copper centre. \n\n\n \nMr. David Blann, President and Chief Executive Officer of the Company stated \"There is tremendous value in using Mr. Ryan's experience in applying these new cutting-edge tools...