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Happy Creek's Fox now at 4.8 million Kg WO3 indicated and 6.9 million Kg WO3 inferred
(via TheNewswire) Vancouver, British Columbia / TheNewswire / February 27, 2018 - Happy Cr...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek's Fox now at 4.8 million Kg WO3 indicated and 6.9 million Kg WO3 inferred(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / February 27, 2018 - Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\"), is pleased to announce an update to its mineral resource estimate completed in accordance with NI 43-101 for the Ridley Creek and BN zones, as well as a first-time resource estimate for the BK zone on its 100% owned Fox tungsten property. The Fox property is located 75 km northeast of 100 Mile House in the south-central Cariboo region of British Columbia, Canada. \n\n\n \nThe Fox property contains a recently discovered, large scale, 10 km by 3 km tungsten skarn mineral system containing seven mineralized zones and numerous showings at surface. The current resource is for the Ridley Creek, BN and BK Zones, which are portions of a 3 km long skarn horizon that outcrops at surface and dips gently westward. \n\n\n \nThe total Indicated Resources for the Ridley Creek zone amount to 582,400 tonnes grading 0.826% WO3 and the total Inferred Resource is now 565,000 tonnes grading 1.231% WO3 for the Ridley Creek, BN and BK Zones combined. Based on what is now among the highest cut-off grades reported in the industry, this represents an increase in contained tungsten of 21% for indicated and 22.9% for inferred from the previously reported January 2017 resource estimates and demonstrates the continuing increase in scale of the project as work proceeds. The selected cut-off for the material amenable to open pit extraction is 0.175% WO3 and for material amenable to underground extraction, a cut-off of 0.45% WO3 was applied.\n\n\n \nTable 1: Resource Estimate at 0.175% WO3 and 0.45% WO3 Cut-off\n\n \n\nZONE\n\n\n\n\nCLASSIFICATION\n\n\n\n\nCut-off WO3 (%)\n\n\n\n\nTonnes\n\n\n\n(t)\n\n\n\n\nWO3 (%)\n\n\n\n\nWO3 MTU\n\n\n\n\nWO3 (kg) Contained\n\n\n\n\nRidley Creek\n\n\n\n\nIndicated in-pit\n\n\n\n\n>0.175\n\n\n\n\n397,400\n\n\n\n\n0.713\n\n\n\n\n283,400\n\n\n\n\n2,834,000\n\n\n\n\nRidley Creek\n\n\n\n\nIndicated - underground\n\n\n\n\n>0.45\n\n\n\n\n185,000\n\n\n\n\n1.067\n\n\n\n\n197,100\n\n\n\n\n1,970,600\n\n\n\n\nRidley Creek zone\n\n\n\n\nIndicated total\n\n\n \n\n\n582,400\n\n\n\n\n0.826\n\n\n\n\n480,500\n\n\n\n\n4,805,000\n\n\n\n\nRidley Creek\n\n\n\n\nInferred in-pit\n\n\n\n\n>0.175\n\n\n\n\n14,700\n\n\...