Happy Creek Minerals Ltd. (TSXV: HPY) (the “Company”) is pleased to announce results from drilling at the BN zone on its 100% owned Fox tungsten property, located 90 km northeast of the town of 100 Mile House, in south central B.C., Canada. During 2017, drilling was performed on the BN, Ridley Creek and Nightcrawler-South Grid zones.
As quoted in the press release:
David Blann, President and C.E.O. of Happy Creek states: “This year, drilling at the BN zone has expanded the mineralized area by about four times. The Fox has again returned globally top-tier tungsten grades such as drill hole F17-29 with five metres of 2.98% WO3, that is more than 75 metres to the east of F12-27 containing 14.8 metres of 4.0% WO3 in the Middle layer. We have also intercepted the Lower layer with F17-23 containing 4.0 metres of 0.963% WO3, which should allow this layer to be included in a resource estimate.
“Reconnaissance drilling further west has confirmed that a one-kilometre long tungsten in soil anomaly is underlain by mineralized calc silicate layers at and near-surface and provides potential to expand resources in this direction. While the BN deposit still remains open to further expansion, we expect the new results to make a substantial contribution for the Fox Project in an updated resource estimate. Since the previous resource estimate, the tungsten price has increased 44%, which will have a beneficial effect on lowering the economic cutoff grade.”