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Happy Creek Minerals Ltd. (TSXV:HPY) reported that it has negotiated an Option agreement with Newmont Mining Corporation (NYSE:NEM) on the Eye mineral claim, BC, Canada.
As quoted in the press release:
The Eye property is located southeast of the Gold Fields-Fjordland JV area known as the Woodjam -Southeast project, and is about four kilometres northwest of the Company’s Silverboss property.
The Eye claim is a relatively small property (119 hectares or 1.2 square kilometres) that was originally acquired by the Company as part of the Gus property option in 2007. The Company has earned its 100% interest in the Gus and Eye property. Due to its relatively small size the property has not been a focus of the Company however, recognizing the potential of the general area, it was duly maintained since acquisition.
Happy Creek Minerals President & CEO, David Blann stated:
“We are pleased to have Newmont demonstrate their interest in one of our properties, and we wish them success using their considerable exploration expertise.” “We have optioned out one of our properties and gained a major gold company as a neighbor to our 100% owned Silverboss property. The area has become attractive to major mining companies seeking bulk tonnage copper, molybdenum and gold deposits and we are well positioned with excellent results coming from several of our projects.”
Click here to read the Happy Creek Minerals (TSXV:HPY) press release.
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