Happy Creek Minerals Ltd V.HPY

Alternate Symbol(s): HPYCF

Metals & Mining Industrial Metals & Minerals

Happy Creek Minerals Ltd. is engaged in the exploration and development of mineral properties in British Columbia (BC), Canada. The Company’s projects include the Highland Valley and Cariboo properties. The Highland Valley project consists of approximately 23,449 hectares(ha) and is located 35 kilometers (km) north of Merritt, south central BC, Canada. The Cariboo properties include Fox property, Hawk property, Hen and Art-DL property and Silverboss property. The Fox property is located approximately 70 km northeast of 100 Mile House in the south Cariboo region of BC, Canada. The Hawk property is located approximately 36 km northeast of 100 Mile House, south central BC, Canada. The Hen and Art-DL property is located about 16 km southeast of the Boss Mt. The Silverboss property is located approximately 85 km northeast of 100 Mile House in south central BC. It also holds Mystery Lake property and adjoins the Rateria property to the northwest of the Company’s Zone two (2) deposit.

TSXV:HPY - Post by User

Happy Creek Minerals Ltd

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Post by 5Caraton Nov 19, 2010 2:52pm

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Post# 17731474

Information

Hello Mates,

Entertaining board. Much banter. I believe HPY is in a grand position. Read what I have investigated. Cheers.

https://www.teck.com/DocumentViewer.aspx?elementId=164102&portalName=tc.
Page 21 of the PDF on copper. HPY is in a very grand position.

Third Quarter Results from Teck:

Highland Valley Copper's third quarter operating profit was $101 million, before depreciation and pricing adjustments, similar to $108 million a year ago. Copper sales in the third quarter were 30% lower than the same period a year ago, which reflected the timing of deliveries to customers and lower production levels as further described below. The lower copper sales were primarily offset by significantly higher copper prices in the period compared with the third quarter of 2009.

Copper production of 24,100 tonnes was 20% lower than the same period last year primarily due to significantly lower ore grades as a result of the mix of ore feeds available and geotechnical constraintsin the Valley pit. Molybdenum production increased by 27% compared to a year ago to 1.9 million pounds due to higher grades and recoveries.

Stripping of the overburden waste and installation of a comprehensive dewatering system on the east wall of the Valley pit continues to progress on schedule. This work will continue into the first half of 2011 in preparation for the placement of a rock buttress to stabilize the east wall for future ore production.

Highlights for the 3rd Quarter:

- 10.8 million tons milled in this quarter
- Grade 0.26% copper.
- operating profit 101 million.

https://www.earthtimes.org/articles/press/quarter-results-2010,1518246.html