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Happy Creek's Fox tungsten project updated to 486,000 tonnes of 0.817% WO3 (Indicated) and 361,000 tonnes of 1.568% WO3 (Inferred)
(via TheNewswire) January 26th, 2017 / TheNewswire - Vancouver, British Columbia. Happy ...
About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek's Fox tungsten project updated to 486,000 tonnes of 0.817% WO3 (Indicated) and 361,000 tonnes of 1.568% WO3 (Inferred)(via TheNewswire)\n \n \nJanuary 26th, 2017 / TheNewswire - Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the \"Company\"), is pleased to announce an update to its mineral resource estimate completed in accordance to NI 43-101 for the Ridley Creek zone and a first-time resource for the BN 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, British Columbia, Canada. \n\n\n \nThe Fox property consists of a recently discovered, large scale, 10 km by 3 km tungsten skarn mineral system containing seven mineralized zones at surface. All zones are open in extent. The current resource is for the Ridley Creek and BN zones. The price used for the current estimate is US$166.5/ MTU, or US$16.65/Kg WO3 in concentrate.\n\n\n \nThe total Indicated Resources for the Ridley Creek zone amount to 486,000 tonnes grading 0.817% WO3. The total Inferred Resource is now 361,000 tonnes grading 1.568% WO3 for the Ridley Creek and BN zones combined. These grades are thought to be comparable to the Cantung property in the Northwest Territories, regarded as among the highest grade mines in the western world. The selected cut-off for the material amenable to open pit extraction is 0.2% WO3. For material amenable to underground extraction, a cut-off of 0.55% WO3 was applied.\n\n \n \nTable 1: Resource Estimate at 0.2% and 0.55% WO3 Cut-off\n\n \n\nZONE\n\n\n\n\nCLASSIFICATION\n\n\n\n\nCut-off WO3\n(%)\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>0.2\n\n\n\n\n329,000\n\n\n\n\n0.729\n\n\n\n\n250,000\n\n\n\n\n2,500,000\n\n\n\n\nRidley Creek\n\n\n\n\nIndicated - underground\n\n\n\n\n>0.55\n\n\n\n\n157,000\n\n\n\n\n0.940\n\n\n\n\n147,000\n\n\n\n\n1,470,000\n\n\n\n\n Ridley Creek zone\n\n\n\n\nIndicated total\n\n\n \n\n\n486,000\n\n\n\n\n0.817\n\n\n\n\n397,000\n\n\n\n\n3,970,000\n\n\n\n\nRidley Creek\n\n\n\n\nInferred in-pit\n\n\n\n\n>0.2\n\n\n\n\n14,000\n\n\n\n\n0.630\n\n\n\n\n9,000\n\n\n\n\n90,000\n\n\n\n\nRidley Creek\n\n\n\n\nInferred - underground\n\n\n\n\n>0.55\n\n\n\n\n93,000\n\n\n\n\n0.825\n\n\n\n\n77,000\n\n\n\...