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}.