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Private Placement: Happy Creek Minerals Ltd. (TSXV:HPY)

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Happy Creek Minerals is looking to raise gross proceeds of up to $250,000 from the placement of up to 5 million shares priced at $0.05 per share.

Additional Information:

Company: Happy Creek Minerals Ltd.
Website: http://www.HappyCreekMinerals.com
Stock Symbol: TSXV: HPY
Date Published: Sep 2, 2021
Transcript: Available

Video Transcript:

I’m Ebony North for Investmentpitch Media

Happy Creek Minerals Ltd. (TSXV:HPY) (OTC:HPYCF) has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $250,000 from the placement of up to 5 million shares priced at $0.05 per share.

The shares are currently trading at $0.05.

Net proceeds will primarily be used to fund the company’s ongoing exploration programs and for general working capital.

Happy Creek, with an extensive portfolio of mineral properties in the Highland Valley and Cariboo regions of southern British Columbia, is focussed on making new, 100% owned discoveries in proximity to mines and infrastructure.

The company has completed the first phase of the field program, including the collection of nearly 2200 soil, silt and rock samples, prospecting and geological studies on its Highland Valley and Cariboo copper and precious-metal projects.

The work was done in June and early July, prior to the onset of wildfires.

The company has been receiving assay results which are being compiled in preparation for follow-up sampling, planned to commence once the wildfire risk subsides.

At the Cariboo project, prospecting of new logging roads, and infill and expanded soil grids have been completed to expand and refine targets for copper, gold, silver, molybdenum and tungsten on the Silverboss , Hen , Art-DL , Hawk and Fox Tungsten properties.

At the Silverboss property, a 6 to 10-hole, 1200-metre drill program is permitted and planned for early fall to test the previously undrilled Silverboss Shaft, Dogtooth and Horse Trail targets.

At the Silverboss Shaft vein target, sampling by Happy Creek and previous operators has returned values ranging from 0.22 to 72.8 grams per tonne gold, 28 to 1026 grams per tonne silver, and trace to 11.95% copper from grabs of dump materials and chip samples up to 0.5 metres in width.

At the Dogtooth gold-silver vein target, a historic pit and nearby veins hosted by diorite were sampled by Happy Creek in 2005-2006 returning values of 0.05 to 53.18 grams per tonne gold and 0.8 to 365 grams per tonne silver in grab samples, with associated anomalous arsenic and bismuth.

The 100-percent-owned Highland Valley project adjoins the southern side of the world-class Highland Valley Copper open-pit mine, which is Canada’s largest metal mine and has been in continuous operation for nearly 60 years.

Happy Creek has made several porphyry copper discoveries, most notably Rateria Zones 1 and 2, that lie just 6.5 kilometres from the Highland Valley pits.

Management believes the property has potential to host very large deposits and can be explored year-round on an extensive network of industrial roads.

A new copper-in-soil anomaly is developing in the Billy South area of the Highland Valley project.

The anomaly has been defined by very wide-spaced sampling over an area of approximately 2000 by 400 metres, with values ranging from 100 to 1,120 parts per million copper.

There has been no previous drilling in the Billy South area, which is located 800 metres northeast of the company’s Zone 2 copper-gold deposit and 6.5 km southeast of Teck’s operating Highmont copper-molybdenum pits.

Additional geochemical sampling, prospecting and geological studies are planned for late summer to expand and refine this target.

The company holds two permits for the West Valley and Rateria portions of the property, which allow for a total of over 100 drill pads, associated access trails and trenching through 2025.

For more information, please visit the company’s website at www.HappyCreekMinerals.com, contact Mike Cathro, P Geo., Interim President and CEO, at 604-662-8310 or by email mcathro@HappyCreekMinerals.com.

I’m Ebony North for Investmentpitch Media