Happy Creek Minerals samples 3.57% WO3 at Fox

Jan 4, 2016

HAPPY CREEK SAMPLES 3.56% WO3 AND EXPANDS HIGH GRADE BK ZONE AT THE FOX TUNGSTEN PROPERTY

Happy Creek Minerals Ltd. has released results from geological work conducted on its 100-per-cent-owned Fox tungsten property located in the south-central Cariboo in British Columbia.

Between May 18 and Nov. 14, 2015, the company performed geological work in the Deception Mountain area where the BN, Ridley Creek, BK and North zones occur. Mapping, sampling and prospecting used ultraviolet (light to reveal the tungsten mineral scheelite. Tungsten assays are reported in per cent WO3 (tungsten trioxide) for which prices in the past four years have ranged from $190 (U.S.) to $460 (U.S.) per million thermal units (where one million thermal units equal 10 kilograms WO3). The geological work has improved the understanding and potential of an historically unmapped area that is part of a three-kilometre-long trend containing a number of high-grade tungsten prospects.

The main results of this work are:

At the BK zone, prospecting located two new outcrops 20 metres and 60 metres south, respectively, of previous trenches containing three metres of 2 per cent WO3 and 7.3 metres of 1.25 per cent WO3. One new outcrop returned 3.57% WO3, 0.34 g/t gold, 2.9 g/t silver, 1060 g/t bismuth and 3.5 g/t indium in a grab sample. Forty metres further south a chip sample returned 1.42% WO3 over one metre. The new surface samples are open in width and part of a mineralized zone that is partially exposed at surface. In 2012 a drill hole located 30 metres west of the trenches cut 9.0 metres of 0.42% WO3, including 5.0 metres of 0.68% WO3 and starting from 20 metres below surface.
2)The favorable layer of rock containing the BN, RC and BK tungsten zones was traced continuously at surface over a distance of two kilometres. Reconnaissance testing by UV light in a number of locations between the RC and BK zones indicates positive tungsten results. The favorable host rock between these zones is gently dipping and is from 10 to over 20 metres in apparent thickness.
3)Two other similar tungsten-bearing layers were located at higher elevations along the northeastern side of Deception Mountain. The upper-most layer was traced at surface from the east side of Deception Mountain to the North zone on its western side. Grab samples of rocks having positive tungsten from UV light inspection in the two upper layers have returned values of 0.10 to 0.29% WO3. The mineralized samples are open in width. Similarly, approximately one kilometer south and above the RC zone, a second band was identified and locally contains strong scheelite under UV light.

David Blann, P.Eng., President of Happy Creek states: “On Deception Mountain, the mapping has shown the RC and BK zones are connected and that three distinct tungsten-bearing layers occur. We have increased our confidence that they continue through Deception Mountain a distance of approximately 1.5 km. This geology and scale compares with that found almost ten kilometres to the south at the Nightcrawler and South Grid zones and clearly adds to the overall resource potential on the property. In addition, the BK zone was extended at surface and still remains open in extent. With its high grade, it is shaping up to be another area similar to the RC zone that is potentially amenable to simple surface cut mining methods. The Fox project continues to increase in quality, and we see it advancing as a new, globally top-tier tungsten discovery.”While the Company has continued to explore the greater resource potential of the property, it is also focusing specifically on the Ridley Creek (RC) zone, one of the five known prospects. During October, the Company collected a 500 kg sample from the RC zone and is currently performing additional mineralogy and mineral processing test work under the supervision of Paul Berndt, Director. The Company has also engaged an independent consultant to perform detailed geological deposit modelling for a resource study. The Company’s plans for 2016 include taking steps toward further economic evaluation of the RC zone and environmental and other work to allow more advanced development stages to proceed. In addition, it is planned that trenching and drilling of the new South Grid target will begin in May, 2016.

About the Fox property

The Fox property hosts a tungsten mineral system that is 10 km by 3 km in dimension. Although most of the property is under-explored, five large scale targets occur. Three separate zones on Deception Mountain occur over a distance of two kilometres and are connected by the same favorable geological layer. Results include 33 selected intervals averaging 2.5% WO3 over 2.92 metres, and overall, 49 out of 60 holes drilled average 8.2 metres of 0.72% WO3 starting within 26 metres of surface. Highlights of drilling in two zones include intervals such as 26 metres of 1.2% WO3 and 14.8 metres of 4.0% WO3. The Nightcrawler zone is an area 2.0 km by 500 metres in dimension where widely spaced drilling has returned positive results in multiple horizons, some of which are exposed at surface. The best results include 5.0 metres of 1.0% WO3. The new South Grid target is defined by favorable geology and positive tungsten in soil that is 1.25 km by 500 metres in dimension and remains untested by trenching or drilling. All zones are open in extent.

Complete details of the Company’s drill results and maps can be found on the website at www.happycreekminerals.com, or within news releases filed on SEDAR.

David Blann, P.Eng. is a Qualified Person as defined by National Instrument 43-101 and is responsible for the preparation and approval of the technical information disclosed in the news release.

Rock samples are shipped to, prepared and analyzed at Agat Laboratories in Vancouver. Samples are first analyzed by aqua regia digest and ICP/ICP-MS and for results of greater than 50 ppm W, are analyzed using a peroxide fusion digest in triplicate to obtain average tungsten (W) assay results. W is multiplied by 1.261 to obtain WO3, the compound for which tungsten prices are quoted. Agat performs duplicates and checks, for which results are compared and fall within a satisfactory range.

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