April 24, 2017 / TheNewswire / Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") is pleased to announce Walter Segsworth was appointed chair of the board of directors of Happy Creek Minerals Ltd.
Walter Segsworth has over 40 years of experience in mining throughout Canada and overseas and has served as a senior officer of several mining companies including Westmin Resources, where he was President and CEO, and Homestake Mining Company, where he was President and COO. Mr. Segsworth is currently lead independent director of Pan American Silver and a director of Sabina Gold & Silver Corporation. Mr. Segsworth is past Chairman of the Mining Association of British Columbia and the Mining Association of Canada and was named B.C.' s Mining Person of the year in 1996.
Mr. Segsworth, director, states: "I am very pleased to accept a more prominent role with Happy Creek. The high-grade Fox tungsten deposits are just a few kilometers from Boss Mountain, where I worked for several years, so I am certainly familiar with the operating conditions in this area. I look forward to contributing that knowledge to the development of this exciting discovery".
About Happy Creek Minerals
Happy Creek is engaged in advancing two exploration projects in British Columbia, Canada. The Fox is a 100% owned, new tungsten discovery containing indicated resources grading 0.817% WO3 and inferred resources grading 1.568% WO3. A portion of the resources are within an open pit and overall, are among the highest grade in the western world. The deposits are open to further expansion and the 10 km by 3.0 km mineral system hosts seven known zones at surface. The Company plans to continue expanding the resources and advance the Fox project to a Preliminary Economic Assessment.
In addition, at the 100% owned Rateria property, the Company has also discovered two new copper zones that are 6.5 km from a currently producing open pit at the Highland Valley Copper Mine, Canada's largest open pit copper producer. Drill results from Zone 1 include 145.0m of 0.25% copper starting from 9.8m and intervals containing up to 95.0m of 0.67% copper occur. At Zone 2, drill results include 92.8m of 0.30% copper, 0.15 g/t gold starting at 12.19m, and 146.0m of 0.46% copper, 0.10 g/t gold starting at 53.0m. Both zone 1 and 2 are open to further expansion and contain predominantly bornite-chalcocite copper mineralogy.
