Happy Creek Minerals Ltd. (TSXV:HPY) announced the first ever diamond drill results from the Ridley Creek area on its Fox tungsten property.
As quoted in the press release:
The Fox property is located approximately 30 kilometres east of the past producing Boss Mountain molybdenum mine and 75 kilometres northeast of 100 Mile House, in south central British Columbia, Canada. Due largely to limitation of exports from China and lack of supply, tungsten has maintained a price over $40.0 per kg (kilogram) of W03.*
Happy Creek’s President and CEO, David Blann states:
“This first ever drill program at Ridley Creek has confirmed the high grade zone exposed in trenches continues in a near horizontal layer just below surface for at least 20 metres and remains open in extent. Obtaining tungsten grades in drill core of up to 8.45% has exceeded our high grade surface sample results and demonstrates the strength and potential value of this system. In addition, another new outcrop over two kilometres to the southwest has returned 3.0% W03. These drill results and continuing to find new high grade outcrops are positive steps forward for this new tungsten discovery.”