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happy creek minerals ltd (HPY) Snapshot

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03/18/14 - C$0.19
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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$119.2K
Chief Financial Officer
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2014.

happy creek minerals ltd (HPY) Key Developments

Happy Creek Minerals Ltd. Identifies Awaruite, Nickel-Iron Alloy, on Black Riders Property

Happy Creek Minerals Ltd. announced preliminary results from a petrographic analyses of several nickel-bearing rock samples from its 100% owned, Black Riders property. The property adjoins the company's Fox tungsten property and 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. Host rocks at Black Riders are ultramafic and magnesium silicate-rich, and consist of serpentinite, pyroxenite, gabbro and dunite. Surface grab samples collected in 2006 returned values between 0.06 to 0.23% nickel including a 300 meter long grab sample containing 0.19% total nickel. The area containing nickel values at surface is at least 1 km by 2 km in dimension. In mid April 2014, three hand samples, grading between 0.22 and 0.23% Ni, were submitted for metallurgical and TIMA petrographic analyses at Process Mineralogical Consulting of Maple Ridge, B.C. The semi-quantitative petrographic work determined that nickel is present in olivine and serpentine, as well as the minerals pentlandite, mackinawite, nickel pyrrhotite, nickel magnetite (nickel-iron alloy) and awaruite. The presence of awaruite and nickel-iron alloys is of interest as these are the key host alloys found at the Decar project in northwestern B.C. Of the total nickel present, the amount that is in alloy form and recoverable by gravity and magnetic, along with other qualities of a potential concentrate, determine whether there is economic opportunity. The key benefits of iron-nickel alloy deposits include the potential amenability to concentration without extensive chemicals, water, and the potential for direct shipping of a concentrate directly to steel mills. In addition, recent research indicates magnesium silicate-rich rock minerals found in certain deposits like those at Black Riders have potential to fix or absorb carbon dioxide, a greenhouse gas. The company intends to collect additional samples from the Black Riders property with which to conduct further tests, and to identify the area containing the higher percentage of nickel-iron alloy. The company also wishes to announce that it has received exploration permits for drilling of up to 50 sites or 100 holes along with drill access trails on its 100% owned Fox tungsten property. Permits have also been received to conduct geophysical surveys and diamond drilling on its 100% owned Rateria and West Valley copper property in the Highland Valley area of B.C.

Happy Creek Minerals Ltd. Auditor Raises 'Going Concern' Doubt

Happy Creek Minerals Ltd. filed its Annual on May 30, 2014 for the period ending Jan 31, 2014. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Happy Creek Minerals Ltd., Annual General Meeting, Jul 15, 2014

Happy Creek Minerals Ltd., Annual General Meeting, Jul 15, 2014., at 10:00 Pacific Daylight. Location: 1200 - 750 West Pender Street,. Agenda: To receive the audited annual financial statements of the Company for its fiscal year ended January 31, 2014, together with the auditors' report thereon; to fix the number of directors of the Company at three, and to elect directors for the ensuing year; to appoint the auditors for the Company for the ensuing year and to authorize the directors to fix their remuneration; to consider and, if thought fit, to pass an ordinary resolution to authorize and approve the continuation of the Company's Amended 2006 Stock Option Plan, as more particularly described in the accompanying management information circular; and to transact any other business which may properly come before the meeting, or any adjournment thereof.


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