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Happy Creek Minerals Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 460 – 789 West Pender Street
Vancouver, B.C.
Canada V6C 1H2
Tel No.: (604) 662-8310
Fax No.: (604) 408-8893
Toll Free No.: 1-877-662-8310
Web Site: www.happycreekminerals.com
E-mail: info@happycreekminerals.com
Contact Person: David Blann
Position: President & CEO


Company Data

Traded Market: TSX-V
Traded Symbol: HPY
Outstanding Shares: 89,193,976
52 Week High: $ 0.29
52 Week Low: $ 0.125
Present Price: Click Here


Introduction

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Happy Creek Minerals Ltd. is a junior mining company engaged in the exploration of mineral properties in British Columbia, Canada. Happy Creek is advancing two new exploration discoveries. In addition, the Company has generated a number of other quality targets with drill-ready discovery potential. Happy Creek is focused on making new, 100% owned discoveries in proximity to mines and infrastructure and adding value to the Company for its shareholders.

On the Fox and Rateria properties, drilling has returned excellent new discoveries with clearly identified quality resource potential. The Fox tungsten property has among the highest grade tungsten drill results and a NI 43-101 resource in an open-pit setting. The properties are close to existing and past-producing mines and have infrastructure in place to allow lower-cost exploration, development and production.

The Company's management, Directors and Technical Advisors have solid expertise and depth in the mineral resource sector and public capital markets.


100% OWNED PROJECTS

(1) Highland Valley, British Columbia, Canada

Rateria and West Valley Copper Properties

Happy Creek's 100%-owned Rateria and West Valley copper properties are located in the Guichon Batholith, Highland Valley area of B.C., which produces over 1% of global copper. Rateria and West Valley properties adjoin Teck Resources' Highland Valley Copper mine, Canada's largest copper producer. Rateria and West Valley are in similar geology with numerous copper prospects.

On the Rateria property, drilling of 39 holes has identified two new at-surface and partially outlined copper zones, Zone 1 and Zone 2, located 6.5 kilometres from a producing open pit at Teck's Highland Valley Copper mine.

Zone 1 is defined over 1.2 km to at least 400 metres depth. Metallurgy shows excellent recovery and clean concentrates with 40% copper, 398.0 g/t silver. Drill results from Zone 1 include 95 metres grading 0.67% copper and 250 metres of 0.25% copper.

Zone 2 contains copper with additional values of gold, moly and relatively high rhenium enrichment – an important potential by-product. Drill results from Zone 2 include 126 metres grading 0.46% copper, 0.10 g/t gold and 152.5 metres of 0.35% copper, 0.57 g/t rhenium. Important rhenium values up to 19.0 g/t and some gold make Zone 2 another important new prospect in the district.

Both Zone 1 and 2 are ready for their first NI 43-101 Resource estimate and remain open to further expansion. Their proximity to an adjacent operating mine is thought to have positive economic implications. Happy Creek has also identified a number of other drill-ready targets with potential for additional discoveries.

(2) Cariboo Projects, British Columbia, Canada

The Company's 100%-owned Cariboo project consists of five properties (Fox, Silverboss, Hen, Art-DL and Hawk) in the south central Cariboo region of British Columbia, which adjoin or are near to the past producing Boss Mountain molybdenum mine.

Fox Tungsten Property

Tungsten is a strategic metal that is critical to manufacturing industries, as well as other high-tech usage in electronics, chemicals, nuclear and military applications. 17,000 tonnes of tungsten in concentrate was consumed in the US in 2014. Almost everything made by human endeavor requires tungsten within it or in the tools and machines to make it.

The 100% owned Fox property is located approximately 70 kilometres northeast of the town of 100 Mile House which has a railway to the port of Vancouver. The Fox property is a new large scale tungsten and molybdenum system approximately 10 km by 3 km in dimension, with seven zones identified at surface, and all zones are open to further expansion. Initial drill testing at four have returned globally top-tier drill results. The Company has focused on one deposit that has generated an initial resource averaging 0.468% WO3 that is open-pittable and could be expanded with further drilling. Other zones are well defined at surface with a strong likelihood of adding to the existing resource. At the BN zone for example, drill hole F12-27 is thought to be among the highest grade tungsten drill result globally. Plans include expanding the current resource and advancing the project to a preliminary economic assessment and feasibility.

Fox Project Drill Highlights

Zone

Hole

From

(m)

Interval (m)

W03

(%)

Ridley Creek (RC)

F11-02

5.7

5.2

0.91

RC

F11-07

14.3

4.7

1.02

RC

F11-08

8.3

12.4

0.74

RC

F12-01

14.0

19.4

0.82

RC

F12-07

13.0

3.0

1.18

RC

F12-09

15.0

11.0

0.80

RC

F12-11

27.0

14.0

0.66

RC

F12-17

20.0

20.0

0.63

RC

F12-18

18.0

24.7

0.68

RC

F12-26

3.1

3.0

1.93

BN

F12-27

1.9

4.1

1.78

BN

F12-27

83.2

14.8

4.04

BN

F12-27

136.0

24.0

0.79

RC

F12-28

82.0

4.0

0.87

RC

F13-01

26.8

2.7

2.01

RC

F13-03

20.00

22.0

0.76

RC

F13-07

12.0

22.0

0.36

RC

F13-08

12.0

14.8

0.59

RC

F13-09

31.7

17.4

0.50

RC

F13-19

31.8

26.25

1.19

RC

F13-21

24.0

22.0

0.26

NC

F15-02

138.0

5.0

1.00

Silverboss Molybdenum Property

The 100% owned Silverboss property adjoins and surrounding the former Boss Mountain molybdenum mine, Canada's first primary moly producer. The Horse Trail zone is within 350 metres of an open pit. The Company has completed soil, silt and rock geochemical surveys, geology and geophysics. This has identified several well-defined targets with copper, gold and moly that remain untested by drilling and are thought to have excellent discovery potential.

Hawk Copper-Gold Property

The 100% owned Hawk property is located 24 kilometres south of the former Boss Mountain molybdenum mine. The property geology is consistent with other known deposits and mines in B.C.'s Quesnel Trough such as Imperial Metals' Mount Polley mine.

Trenching on the Hawk property has returned 5.0 metres of 0.76% copper, 2.07 g/t gold. The precious metal-enrichment of this prospect is evident in samples containing 1.93% copper, 10.5 g/t gold and 18.6 g/t silver. Wide spread, positive copper-gold values occur in veins and breccia in an area 3.5 km by 1.5 km in dimension. The Company has completed extensive preparatory work and several large scale quality targets are ready for drill testing. It is another example of the Company's discovery-ready projects.

(3) Silver Dollar Project, British Columbia, Canada

The 100% owned Silver Dollar property located in the historical Camborne mining camp, southeast of Revelstoke, B.C., covers over 9 kilometres of a regional scale mineralized structure hosting numerous gold, silver, lead and zinc prospects. The property has not seen concerted drilling campaigns.

Historical reports indicate a drill hole on the Goldfinch prospect returned 41.0 metres of 2.5 g/t gold starting at surface and underground samples of 0.88 metres of 136.8 g/t gold. A recent geochemical survey has identified a strong gold in soil target up to 200 metres wide that extends the Goldfinch target. This property was recently Optioned to Explorex Resources whom can earn a 100% interest by issuing 1.6 million shares to Happy Creek and conducting certain exploration work.


Management

Management and Directors

David E. Blann, P.Eng., President and CEO, Director

With a background in mining engineering technology and geological engineering, Mr. Blann has been engaged in precious and base metal exploration, development and production stage projects for over 28 years and provided service as Director and VP Exploration for several junior public companies. Mr. Blann is a founder of the Company.

Sassan Liaghat, PhD Geology, Project Manager/ Senior Geologist

Mr. Liaghat is a geologist with a background in technical research, and the Mineral Deposits Research Unit (MDRU) at UBC. He was exploration geologist with several companies including NovaGold Resources. Mr. Liaghat manages the Company's field exploration team and the Company's GIS and mapping database.

Richard Lee, CMA, Chief Financial Officer

Mr. Lee has spent the past 30 years in public accounting practice with and for publicly listed TSX companies, and has a wealth of financial, accounting and business experience. Mr. Lee has been involved with numerous startup companies in Canada and those registered with the SEC in the United States.

Paul Berndt, Director

Mr. Berndt is a resource development executive with extensive experience in taking projects to production, in particular, tungsten projects. He has a background in mineral process engineering and over 45 years’ experience.

Michael Cathro, P.Geo., Director

Mr. Cathro’s career includes exploration with major and junior resource companies and 17 years with the B.C. Ministry of Energy and Mines in technical and management roles. Mr. Cathro currently serves as VP Exploration and Director of several junior resource companies.

Roger Gray, Director

Mr. Gray has over 20 years of experience as a stockbroker and officer of an IDA member firm. Mr. Gray is currently with Altus Securities in Toronto.


News Update

On October 31, 2017, Happy Creek Minerals Ltd. announced that further to its news release dated Oct. 27, 2017, has granted 250,000 stock options to purchase common shares of the Company, pursuant to the Company's stock option plan, for an aggregate of 2.65 million stock options granted on Oct. 27, 2017. The options are exercisable at a price of 24 cents per share for a period of five years and are subject to TSX Venture Exchange approval.

On October 27, 2017, Happy Creek Minerals Ltd. announced that it has granted 2.4 million stock options to purchase common shares of the Company to various directors, officers and consultants pursuant to the Company's stock option plan. The options are exercisable at a price of 24 cents per share for a period of five years and are subject to TSX Venture Exchange approval.

The Company also announces that it is cancelling 500,000 stock options priced at 18 cents previously granted to a director of the Company on April 8, 2015.

On October 24, 2017, Happy Creek Minerals Ltd. released results from drilling at the BN zone on its 100-per-cent-owned Fox tungsten property, located 90 kilometres northeast of the town of 100 Mile House in south-central British Columbia, Canada. During 2017, drilling was performed on the BN, Ridley Creek and Nightcrawler/South Grid zones.

Preliminary results for the BN zone are reported here for 4,446.3 metres of drilling in 38 holes. On Jan. 26, 2017, the Company announced as part of the total project resource, a first-time inferred resource for the BN zone of 254,000 tonnes grading 1.892 per cent WO3 (tungsten trioxide).

Highlights:

  • F17-25: 6.8 metres of 0.435 per cent WO3 starting at 37.6 metres that expands the Middle layer approximately 50 metres to the southeast;
  • F17-29: 5.05 metres of 2.98 per cent WO3 starting at 45.6 metres that expands the Middle layer approximately 75 metres to the east;
  • F17-33: 2.0 metres of 0.578 per cent WO3 starting at 19.5 metres that expands the Middle layer approximately 200 metres to the northeast;
  • F17-36: 7.81 metres of 1.36 per cent WO3 starting at 55 metres that expands the Middle layer approximately 40 metres to the southwest;
  • F17-23: 4.0 metres of 0.963 per cent WO3 starting at 162 metres that expands the Lower layer approximately 35 metres south of drill hole F12-27, which contains 5.8 metres of 2 per cent WO3 and 7.8 metres of 1.77 per cent WO3 in the Lower layer.

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. 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.

On October 31, 2016, Happy Creek Minerals Ltd. Happy Creek Minerals Ltd. released additional drill results from the 2016 exploration program on its 100-per-cent-owned Fox tungsten property, located northeast of 100 Mile House, in south-central British Columbia, Canada.

Drill results highlights include:

At BN Zone,
Drill hole F16-20 returned five metres of 0.97 per cent tungsten trioxide (WO3)
Drill hole F16-22 returned four metres of 1.36 per cent WO3
Drill hole F16-23 returned 9.5 metres of 0.12 per cent WO3
Drill hole F16-24 returned two metres of 0.24 per cent WO3 and 10 metres of 0.21 per cent zinc.
Drill hole F16-25 intersected a granite stock
On October 24, 2016, Happy Creek Minerals Ltd. released additional results from the 2016 exploration program on its 100-per-cent-owned Fox tungsten property, located northeast of 100 Mile House, in south-central British Columbia, Canada.

A program of geology, trenching and approximately 2,330.6 metres of NQ-diameter core drilling in 28 holes was completed at the Ridley Creek, BK, BN and South Grid zones.

Drill results highlights include:

At BN Zone,
Drill hole F16-17 returned 4.1 metres of 5.1 per cent tungsten trioxide (WO3)

At Ridley Creek (RC) Zone,
Drill hole F16-03 returned 8.45 metres of 1.14 per cent WO3

At BK Zone,
Drill holes F16-14 and 15 returned 5.2 metres of 0.70 per cent WO3 and six metres of 0.67 per cent WO3, respectively

On September 27, 2016, Happy Creek Minerals Ltd. provided an update on work being conducted on its 100-per-cent-owned Fox tungsten property. The drill has moved to the BN zone for additional drilling.

On September 26, 2016, Happy Creek Minerals Ltd. provided an update on work being conducted on its 100-per-cent-owned Fox tungsten property. Channel and chip samples from 3 trenches (Trenches 2016RC-T-1, 2016RC-T-2 and 2016RC-T-3) at the main Ridley Creek zone are reported and include 5 metres of 1.25% WO3 in Trench 2016RC-T-3.

On September 6, 2016, Happy Creek Minerals Ltd. announced that it has commenced trenching and drilling on its 100-per-cent-owned Fox tungsten property. Further to the news release of June 27, 2016, a program of geology, trenching and core drilling totalling approximately 2,500 metres is under way.

On August 25, 2016, Happy Creek Minerals Ltd. announced that it has completed its non-brokered financing announced on July 13, 2016, and Aug. 23, 2016.

The Company has completed a non-brokered private placement with gross proceeds of $1,191,560 through the sale of 5,991,250 shares at a price of 16 cents per share and 1,058,908 flow-through shares at a price of 22 cents per share.

On July 13, 2016, Happy Creek Minerals Ltd. announced that it intends to carry out a non-brokered private-placement financing of up to $1-million through the sale of up to two million flow-through common shares at a price of 22 cents per share for gross proceeds of up to $440,000 and up to 3.5 million common shares at a price of 16 cents per share for gross proceeds of up to $560,000.

On June 27, 2016, Happy Creek Minerals Ltd. provided an update on exploration results and plans for 2016 from its 100% owned Fox tungsten property.

A reconnaissance and initial geological survey of the South Grid target was performed. Twenty rock samples were collected for assay, the Company samples up to 5.89% tungsten trioxide (WO3) at South Grid.

The results confirm the South Grid target is an at-surface tungsten skarn with considerable size potential. Location of trench and drill sites for this target has been identified.

The Company has developed a plan for a sequenced exploration program of geology, up to 600 metres of trenching and approximately 2,500 metres of drilling in 25 to 35 holes.


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