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Happy Creek Minerals Ltd V.HPY

Alternate Symbol(s):  HPYCF

Happy Creek Minerals Ltd. is engaged in the business of acquisition and exploration of mineral properties in British Columbia (B.C.), Canada. The Company is focused on making new discoveries and building resources in proximity to infrastructure on its 100%-owned portfolio of diversified metals projects in B.C. Its projects include the high-grade Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore's closed Boss Mountain molybdenum mine, and the adjacent Hen-Art-DL gold and silver project. The Fox property is located approximately 70 kilometers (km) northeast of 100 Mile House in the south Cariboo region of British Columbia, Canada. The Silverboss property is located approximately 85 km northeast of 100 Mile House in south central British Columbia. The property is approximately 155 square kilometer (km2). The Hen and Art-DL property is located about 16 km southeast of the Boss Mt. molybdenum mine.


TSXV:HPY - Post by User

Comment by Earlyone_1on Oct 05, 2024 11:42am
39 Views
Post# 36254502

RE:RE:Oct 4 kaboom Earlyone - your thoughts?

RE:RE:Oct 4 kaboom Earlyone - your thoughts?An excerpt from Peter Epstein report....


Happy Creek is now even more focused on its 100%-owned, 13,589 hectare Fox tungsten project in British Columbia. The global tungsten market was valued at ~US$4.8 billion in 2022 and expected to grow to $9.5 billion by 2031, which would be a CAGR of 8%.

The area of prospective mineralization at Fox is 12 x 5 km, but exploration to date has been limited to just a few small areas. Drilling has shown stacked sequences of tungsten mineralization averaging 10 meters thick from surface outcrops to ~150 m depth. 

Interestingly, other metals such as zinc, indium, bismuth, gold & silver occur with the tungsten but are not included in the resource. Management believes there could be 10 to 40M tonnes of tungsten-bearing mineralization. Immediate plans are to continue mapping & sampling new zones to identify strong drill targets. 

It would not require a large deposit for Fox to become an important asset. Given its stellar grade, 10M tonnes would be quite significant. And, Happy’s 100%-owned, 200 sq. km project could potentially host multiple tungsten deposits. {see chart above}.

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