February 24, 2022, Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) is pleased to report the acquisition of the 438-hectare Mystery property, adjoining the Company’s Highland Valley property in southern British Columbia.
The acquisition is by outright purchase of three tenures from two arms-length vendors. Consideration paid is $11,000 and 300,000 common shares of the Company. Two of the tenures are subject to a 2% Net Smelter Return Royalty of which half (1%) can be purchased at any time by payment of $1.0 million.
The transaction is subject to the receipt of all necessary regulatory approvals, including the TSX Venture Exchange. Any common shares issued will be subject to a four month hold period commencing upon the date of issuance in accordance with applicable Canadian securities laws.
Indigenous Communities
Happy Creek Minerals is committed to responsible mineral resource development. Our priority is to build and sustain mutually beneficial relationships with Indigenous Communities in the territories in which we explore.
About Happy Creek Minerals Ltd.
Happy Creek is focused on making new discoveries and building resources in proximity to infrastructure on its 100-percent-owned portfolio of diversified metals projects in British Columbia. The Company’s Management, Board of Directors and Technical Advisors have solid expertise and depth in the mineral resource sector and capital markets.
About Highland Valley
The 100-percent-owned Highland Valley project, comprising the West Valley and Rateria copper properties, covers 240 square kilometres and is a quality, underexplored exploration asset in the world-class Highland Valley district. The Company’s property package adjoins the Highland Valley Copper (HVC) mine on its southern side3. The mine, Canada’s largest copper producer, has been in production for nearly 60 years. Happy Creek’s Zone 1 and Zone 2 discoveries, which lie just 6.5 kilometres southeast of HVC’s Highmont open pits3, show laterally continuous mineralization that has been outlined with 28,000 metres of drilling and remains open in several directions. The Company also continues to generate new copper targets within this large and prospective property.
More information on the Company’s projects can be found on the Company’s website at www.happycreekminerals.com.
On behalf of the Board of Directors,
“Peter Hughes”
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT: Peter Hughes, President and Chief Executive Officer
Office Phone: (604) 662-8310
Email: phughes@happycreekminerals.com
