Happy Creek Minerals Ltd

Overview

Happy Creek Minerals Ltd (TSXV:HPY) is a mineral exploration company focused on the development of its two key projects, the Fox tungsten project and the Highland Valley copper project in south central British Columbia, Canada.

Happy Creek Minerals has held the Fox tungsten property since 2006 and has advanced it from discovery towards development. Following a number of exploration activities on the property, the company has identified some of the highest tungsten grades in the western world. The property’s grades are comparable to those of the probable reserves of the Cantung tungsten mine in the Yukon (0.81 percent WO3), previously the largest tungsten producer in North America.

Happy Creek also owns two copper properties in Southern BC’s Highland Valley, a district renowned for hosting Teck Resource’s Highland Valley copper project. Totalling 17,625 hectares, the projects hosts two high-grade deposits, the second of which is presenting copper-gold and strong rhenium enrichment, which is thought to be unusual in this camp. In the company’s 2017 drill program, it was able to extend the second deposit, bringing it closer to resource estimate readiness. The copper and copper-gold deposits have presented drilling results of 95 meters of 0.67 percent copper and 152.5 meters of 0.35 percent copper, respectively.

Happy Creek has a management team with notable experience in the mining and financial industries. The team is also significantly invested in the company, with all directors holding shares and CEO David Blann holding over 4 million. Happy Creek is also supported by a strategic shareholder, RCF Capital, that holds 19 percent of company shares and provides expertise in funding tungsten projects towards production.

Company Highlights

• Wholly-owned primary properties located in mining-friendly jurisdiction of south central BC with excellent access to infrastructure
• Highland Valley properties nearby producing open-pit Highmont mine
• Well-financed organization with sufficient funding to continue work on Highland Valley project
• Strategic shareholder RCF Capital with noted experience funding tungsten projects towards production