Happy Creek Options Silver Dollar property to Explorex Resources Inc.

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[{"type":"text","content":"Happy Creek Options Silver Dollar property to Explorex Resources Inc.(via Thenewswire.ca)\n\n \nVancouver, British Columbia / TheNewswire / May 12, 2016 - Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\") has granted an Option to Explorex Resources Ltd (\"Explorex\") for the Silver Dollar Property, located in the Camborne mining camp, approximately 45 kilometres southeast of Revelstoke, B.C.\n\n \n \nUnder the Terms of the Option Agreement, Explorex can earn a 100% interest in the Property, subject to a 1% Net Smelter Royalty retained by the Company, by making the following payments, share issuance and exploration work commitment:\n\n \n \n- $20,000 cash within 5 days of TSX Exchange Approval for closing of a proposed Explorex financing;\n\n\n \n- a minimum $100,000 work commitment within 6 months of signing (the \"Due Diligence Period\");\n\n\n \n- 300,000 shares within 20 days after Due Diligence Period;\n\n\n \n- 300,000 shares within 12 months after the Due Diligence Period; and\n\n\n \n- 1,000,000 shares within 18 months after the Due Diligence Period.\n\n \n \nDavid Blann, P.Eng., President of Happy Creek Minerals states: \"The Silver Dollar property contains documented historical production, drill and surface results with high gold grades that we have largely confirmed with our own work. With the positive results that are near surface and part of a large-scale, well-defined structural corridor, the potential of this property is excellent and we look forward to Explorex's success.\"\n\n \n \nAbout the Silver Dollar property\n\n \n \nThe Silver Dollar property is 3,160 hectares (31.6 square kilometres) in area and located approximately 45 kilometres southeast of Revelstoke, B.C. It is situated within the historical Camborne mining camp dating from around the early 1900's. A number of mineral showings and past-producing gold-silver-lead-zinc, and gold-silver prospects are in spatial proximity to the Camborne fault and occur over a distance of approximately twelve kilometres. There is road or access trails through most of the length of the property. \n\n \n \nThe reader is cautioned that historical data has not been verified by a QP under NI43-101 (1). In 1933, the Gillman shipped between one and 14 tonnes of ore grading 62 grams per tonne gold, 62 grams per tonne silver. In 1947, the Silver Pass Development Syndicate p...

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