Business
Happy Creek provides update on the Silver Dollar property
(via TheNewswire) Vancouver, British Columbia / TheNewswire / July 11, 2018 - Happy Creek ...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek provides update on the Silver Dollar property(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / July 11, 2018 - Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\") is pleased to announce that it has received the final option payments from Explorex Resources Ltd (\"Explorex\") for the Silver Dollar Property, located approximately 45 kilometres southeast of Revelstoke, B.C.\n\n \n \nUnder the terms of the Option Agreement announced May 12, 2016, with amendments in 2016 and again April 21,2017, Explorex has spent a minimum $100,000 on the property, paid $20,000 in cash and issued a total of 1.1 million Explorex shares to the Company. Explorex has now earned a 100% interest in the Silver Dollar property, subject to Happy Creek retaining a 1% NSR. \n\n \n \nDavid Blann, P.Eng., President of Happy Creek Minerals states: \"We are pleased to see the terms of the agreement accelerated by Explorex. There are several prospects with historical production, shallow drilling and surface results containing high gold, silver and lead-zinc grades. Exploration activity in the district is on-going by several companies and we look forward to further developments from the Silver Dollar property.\"\n\n \n \nAbout the Silver Dollar property\n\n \n \nThe Silver Dollar project is 3,160 hectares (31.6 square kilometres) in area and 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 approximately twelve (12) kilometres.\n\n \n \nIn 1984, a drill hole on the Silver Dollar zone returned 2.10 metres grading 229.0 g/t silver, 1.0 g/t gram per tonne gold, 10.95 per cent zinc, 4.04 per cent lead and 0.29 per cent copper. Initial due diligence by Happy Creek in 2013 returned samples containing 50.30 g/t gold, 216 g/t silver and 4.49 g/t gold, 4496 g/t silver. Important base metal results include a1.8 metre chip sample returning 16.8% zinc, 3.9% lead, 1.67 g/t gold and 241.0 g/t silver. These results have largely confirmed those found within historical reports.\n\n \n \nOn behalf of the Board of Directors,\n\n \n \n\"David E Blann\"\n\n\n \n____________________ \n\n\n \nDavid E Blann, P.Eng.\n\n\n \nPresident, CEO\n\n \n \nFOR FURTH...