Business
Happy Creek provides update of activities
(via TheNewswire) Vancouver, British Columbia - TheNewswire - March 26, 2020 - Hap...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek provides update of activities(via TheNewswire)\n \n \nVancouver, British Columbia - TheNewswire - March 26, 2020 - Happy Creek Minerals Ltd. (TSXV:HPY) (the \"Company\"), is providing an update on its activities over the past few months.\n\n\n \nSince announcing results of its 2019 work on both the Fox tungsten and Rateria-West Valley copper projects, the Company has four Confidentiality agreements in place for the purpose of exploring potential transactions and has received further interest in its projects during the PDAC convention earlier this month. The Company currently has $1.1 million in cash on hand and no debt. \n\n\n \nIt is anticipated we will receive a five-year exploration permit next month for the Rateria-West Valley property, which includes geophysics, trenching and drilling. Permits to conduct similar work at the Fox tungsten project are in place for 2020, while a five-year permit that expands the scope of work to a more advanced-stage development project is in progress. It is anticipated that logging road construction will be completed that provides access to un-explored areas of the Fox property including an area containing up to 3,120 ppm tungsten in a stream sediment. In addition, the new road will be within approximately four km of the BN and Ridley Creek deposits. Utilizing the successful 2019 drilling at the Fox Nightcrawler zone, geological modelling is nearly complete that is expected to provide a substantial target with potential to significantly increase the project resources. Reports of work completed in 2019 on the Rateria-West Valley property have been prepared and submitted to the BC government in support of its mineral tenure and the Fox tungsten report is in progress. \n\n\n \nDavid Blann, president, CEO of Happy Creek Minerals states \"The world is re-positioning due to various global and geopolitical factors. Our projects are 100% owned, in proximity to mines and infrastructure in South Central B.C. and we have enough cash on hand to advance them further. These aspects along with having among the highest-grade tungsten resource in the western world and a solid copper exploration asset adjoining Canada's largest porphyry copper operation, are thought to provide shareholders optimum quality and value in a low market-capitalization company. We are respecting government recommendations ...