The Company has received an amendment to its Multi-Year Area-Based ('MYAB') permit, that will allow for extensive drilling, trenching and trail construction through late 2027. The original Permit was issued in 2006 and has been amended several times since.
The 2023 amendment, issued by the
A portion of the proposed work is within a wildlife habitat area for caribou and will require an exemption from the
The goal of the proposed 2023 to 2027 drilling is to at least triple the existing 43-101 tungsten resource, and then proceed to detailed engineering, environmental and feasibility studies.
Since initial prospecting discoveries in 2006, the Company has drilled a total of 20,751 m in 188 diamond drill holes on the property, of which 10,995 m in 144 holes were focused on the BN-RC-BK trend where the 43-101 resources are located. For additional information on the current National Instrument 43-101 resource estimate, see the 2018 report listed below.
Indigenous Communities
Happy Creek is committed to responsible mineral resource development. The Company's priority is to build and sustain mutually beneficial relationships with Indigenous Communities in the territories in which the Company explores.
About
Happy Creek is focused on making new discoveries and building resources in proximity to infrastructure on the Company's 100-percent-owned portfolio of diversified metals projects in
Additional information relating to
About Fox Tungsten
Fox is a district-scale, high-grade critical mineral project that Happy Creek has advanced from initial discovery to the resource stage. The project is host to the BN, RC and BK tungsten deposits with current mineral resources. In addition, the project hosts the
About Tungsten
Tungsten is a rare metal with unusual physical characteristics, including extreme hardness and a very high melting point. These features make it an important metal for many industries. It is used mainly in cemented tungsten carbide and high-speed alloy cutting tools and other automotive, energy, defense, manufacturing and high-tech applications.
Contact:
Tel: (250) 682-7168
Email: mcathro@happycreekminerals.com
The reader is cautioned that results or information from an adjacent property does not infer or indicate similar results or information will or does occur on the subject property. Historical information from the subject or adjacent property cannot not be relied upon as the Company's QP, a term which was created and defined under NI-43-101, has not prepared nor verified the historical information. his press release contains 'forward-looking information' within the meaning of applicable securities laws, including statements that address capital costs, recovery, grade, and timing of work or plans at the Company's mineral projects. Forward-looking information may be, but not always, identified by the use of words such as 'seek', 'anticipate', 'foresee', 'plan', 'planned', 'continue', 'expect', 'thought to', 'project', 'predict', 'potential', 'targeting', 'intends', 'believe', 'opportunity', 'further' and others, or which describes a goal or action, event or result such as 'may', 'should', 'could', 'would', 'might' or 'will' be undertaken, occur or achieved. Statements also include those that address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization, potential type(s) of mining, potential grades as well as to Happy Creek's ability to fund ongoing expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades, favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and events that are not within the control of Happy Creek and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or implied by such forward-looking information. Additional information on risks and uncertainties can be found within Financial Statements, Prospectus and other materials found on the Company's SEDAR profile at www.sedar.com. Although Happy Creek has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Happy Creek withholds any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.
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