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Last C$0.12 CAD
Change Today 0.00 / 0.00%
Volume 1.5K
HPY On Other Exchanges
As of 2:10 PM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).

happy creek minerals ltd (HPY) Snapshot

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happy creek minerals ltd (HPY) Details

Happy Creek Minerals Ltd. engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for copper, molybdenum, tungsten, gold, silver, lead, and zinc. The company owns a 100% interest in nine mineral properties located in British Columbia. Happy Creek Minerals Ltd. was incorporated in 2004 and is headquartered in Vancouver, Canada.

Founded in 2004

happy creek minerals ltd (HPY) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$70.0K
Chief Financial Officer
Total Annual Compensation: C$48.0K
Compensation as of Fiscal Year 2015.

happy creek minerals ltd (HPY) Key Developments

Happy Creek Commences Drilling on Fox Tungsten Property in British Columbia

Happy Creek Minerals Ltd. announced that drilling has commenced on its 100% owned, 150 square kilometre Fox tungsten property located in the south central Cariboo, British Columbia. Six to eight holes totaling 1,500 metres will be drilled at the road accessible Nightcrawler zone, located south of Deception Mountain. In addition, geological, prospecting, environmental and other surveys will be performed around the high grade deposits on Deception Mountain. The objective of this year's program is to collect data from both areas to prepare a NI43-101 resource study and compile other information to permit more intensive technical work next year. In 2007 and 2010, the Company performed 14 widely spaced drill holes at the Nightcrawler zone that identified multiple layers of tungsten-bearing calc silicate and skarn occur in an area 1.5 km by 500 metres in dimension (eg: 5 metres of 0.33% W03 (tungsten trioxide) and 2 metres of 0.74% W03). Results indicate the grade and thickness of the favorable calc silicate and skarn appears to increase eastward. The current drilling will test further east and south of the area where results from eleven recent surface grab samples have returned values ranging from 1.17% W03 to 5.99% W03 along with associated values of tin, zinc, indium, gold and silver over a 90 metre distance.

Happy Creek Minerals Ltd. Provides Update on 150 Square Kilometre Fox Tungsten Property, South Central Cariboo, British Columbia

Happy Creek Minerals Ltd. provide this update on its 100% owned, 150 square kilometre Fox tungsten property located in the south central Cariboo, British Columbia. Past drilling by the Company has returned grades of tungsten trioxide (W03) which are thought to be among the globally in any new discovery. The Nightcrawler-Creek zone is being investigated in detail by clearing vegetation and completing work to expose as much rock as possible, then scanning the exposed rock surfaces at night with UV light to identify scheelite (tungsten mineral). This work is confirming previous indications of tungsten and has resulted in the identification of many new rock exposures containing tungsten. A previous interpretation had been that the zone consisted of boulders transported from an unknown source, however, the current work indicates this zone is a skarn outcrop that is gently-dipping in orientation and open in extent to the southeast. The zone is thought to be controlled, in part, by an embayment on the edge of the Deception stock, and quartz-monzogranite in composition. The Creek zone consists of numerous small to very large tabular shaped blocks of subcrop and outcrop consisting of calc-silicate and tungsten skarn. They occur over a distance of approximately 100 metres along the edge of the Deception creek bank, and the zone remains open in extent. Previous sampling at the Creek zone returned 1.97% W03, 0.14% zinc and 0.20 g/t gold over a 0.4 metre thickness; however, the zone's flat -lying orientation means this sample may represent only a portion of the overall thickness.

Happy Creek Minerals Ltd. Provides an Update on its 100% Owned Rateria Copper Property Located in the Highland Valley

Happy Creek Minerals Ltd. provided an update on its 100% owned Rateria copper property located in the Highland Valley area of British Columbia. The property is over 180 square kilometres in area and adjoins Teck’s Highland Valley Copper mine property. The company has received and reviewed certain private exploration data obtained during 1965, which contains information thought to be pertinent to further exploration of the property. The data consists of rough location maps, written drill logs, assays, and cross sections for a number of relatively short diamond drill holes from several prospects, including the Sho and Corridor area that is between Zone 1 and 2. Although the work was performed by qualified geologists, results cannot be verified and as such they are considered to be historical in nature and cannot be relied upon under NI43-101. Historical results have been converted from imperial (feet) to metric (metres) and difficult drilling is evident with holes having frequent poor core recovery. The drill holes at the Sho prospect contain positive copper values and include a drill hole returning 6.0 metres of 0.65% copper, 3.0 metres of 1.85% copper, and 18.39 metres of 0.30% copper with un-sampled sections in-between and beyond these samples. For a drill hole between Zone 1 and 2, core recovery was apparently so poor that samples of the ground-up rock material (sludge) returned from the bottom 60 metres were collected and averaged 0.40% copper. None of the samples appear to have been analyzed for gold or molybdenum, however several samples were analyzed for silver such as 0.60 m of 4.5% copper 100 g/t silver.


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