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05/23/13 - C$0.22
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happy creek minerals ltd (HPY) Details

Happy Creek Minerals Ltd. engages in the acquisition and exploration of mineral properties in British Columbia, Canada. It primarily explores for copper, molybdenum, tungsten, gold, silver, lead, and zinc. The company owns 100% interests in 9 mineral properties that cover approximately 600 square kilometers located in British Columbia. Happy Creek Minerals Ltd. was incorporated in 2004 and is headquartered in Vancouver, Canada.

Founded in 2004

happy creek minerals ltd (HPY) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$120.5K
Chief Financial Officer
Total Annual Compensation: C$33.1K
Compensation as of Fiscal Year 2013.

happy creek minerals ltd (HPY) Key Developments

Happy Creek Minerals Ltd. Announces Final Drill Results from the 2013 Drilling on 165 Square Kilometre Fox Tungsten Property

Happy Creek Minerals Ltd. announced final drill results from the 2013 drilling on its 100% owned, 165 square kilometre Fox tungsten property. The property is well situated approximately 25 km east of the past producing Boss Mountain molybdenum mine, and 75 km northeast of the town of 100 Mile House in the south-central Cariboo region of British Columbia, Canada. Highlights of new results from the RC zone include F13-19 returning 26.25 metres of 1.19% tungsten trioxide (W03), including 3.66 metres of 4.60% tungsten trioxide, 0.62% zinc, 1.25 g/t silver, 0.05 g/t gold and 3.3 g/t indium. F13-08 returned 2.7% tungsten trioxide over 3.18 metres, and F13-09 returned 1.0 metre of 3.69% tungsten trioxide that are both within overall wider intervals. Results and descriptions of holes F13-01 to F13-07 were announced August 7and September 9, 2013. With the gently-dipping favorable skarn horizon, vertical drill hole intersections are near true thickness, while angle drill hole intercepts are approximately 130-135% of true thickness and closer to surface than the down-hole starting point. Drill hole F13-08 is a step out located 50 metres south of F13-07 and returned 14.8 metres of 0.59% tungsten trioxide starting at 12.0 metres. This includes 3.18 metres of 2.7% tungsten trioxide, 0.18% zinc, 0.07 g/t gold and 1.1 g/t indium. F13-09 is located approximately 20 metres northwest of F13-03, and returned 17.35 metres of 0.50% tungsten trioxide starting at 31.35 metres, or approximately 25 metres below surface. This interval includes 1.0 metre of 3.69% tungsten trioxide. F13-15 is located 75 metres southwest of F13-08 and returned 4.0 metres of 0.58% tungsten trioxide. F13-10 and 11 are located 50 metres south of F13-08. Results from F13-10 include 4.0 metres of 0.20% tungsten trioxide. F13-11 from the same set up was lost due to a drill problem at 17.0 metres and the final 2.97 metre sample returned 0.12% tungsten trioxide. This hole did not cut the full thickness of the favorable target horizon, however results indicate the mineralized zone is present and remains open in extent to the south. F13-16 is an angle hole from the collar of F13-15 and returned 10.0 metres of 0.05% tungsten trioxide starting from 44.0 metres. F13-12, 13, 14 and 17 are located to the south and southeast, up to 200 metres from F13-08. These holes cut the favorable skarn geology with multiple 1.0 to 3.0 metre intervals containing trace (less than 0.05%) tungsten trioxide. F13-14 ended at a depth of 36.8 metres, which may have been too short to test the full thickness of the favorable horizon. Additional drilling nearby is required to define the extent of high grades occurring in trenches RT 1-5 (7.0 metres of 0.80% tungsten trioxide) and drill hole F11-02 (5.15 metres of 0.91% tungsten trioxide). Drill hole F13-18 is located approximately 50 metres north of F12-15/16, and returned an 18 metre interval of skarn containing trace tungsten including 2.1 metres of 0.14% tungsten. This hole is thought to define the eastern edge of higher grade mineralization. F13-19 is an angle hole located adjacent the collar of F12-11 (vertical with 14.0 metres of 0.66% tungsten trioxide) and returned 26.0 metres of 1.19% tungsten trioxide starting at 31.75 metres, including 3.66 metres of 4.66% tungsten trioxide. The interval in F13-19 is horizontally between approximately 20 and 33 metres away from F12-11, and the mineralized zone is open in extent. F13-20 (vertical) is located approximately 50 metres northeast of F12-09 (vertical with11 metres of 0.82% tungsten trioxide) and returned 8.3 metres of 0.15% tungsten trioxide. F13-21 is located at the collar of F13-02 (hole may have been short of full zone thickness), and returned 22.0 metres of 0.26% tungsten trioxide including 2.0 metres of 1.0% tungsten trioxide. These results are consistent with results of F13-02.

Happy Creek Minerals Ltd. Completes Acquisition of Tyner Copper Property

Happy Creek Minerals Ltd. announced that it has amended and completed its option to earn a 100% interest into the Tyner copper property. The Tyner property adjoins the 100% owned Rateria property in the Highland Valley area of south central British Columbia, Canada. The Tyner Lake property consists of 18 mineral claims that total approximately 22.5 square kilometres in area. The property adjoins the Company's Rateria and Teck's Highland Valley property to the north and west, respectively.

Happy Creek To Explore Strategic Alternatives

Happy Creek Minerals Ltd. (TSXV:HPY) has engaged Toll Cross Securities, Inc. to act as advisor to pursue and evaluate strategic alternatives, including finding appropriate joint venture partners for its Fox tungsten property.


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