Happy Creek Minerals Ltd. (TSXV:HPY) reported exploration updates on its Fox tungsten property in BC, Canada: camp construction and geological mapping, sampling and prospecting are now underway; the drill will be mobilized soon. The company also announced changes in management.
As quoted in the press release:
Drilling in 2012 is first planned to consist of 25 holes covering an area approximately 400 metres by 250 metres in dimension. Surface geology mapping, sampling, detailed topographic surveys, initial metallurgical and environmental studies are also planned.
The Company also wishes to announce the appointment of Richard (Rick) Lee as chief financial officer (CFO).
Rick is Vancouver-based, and will replace Dale Hansen of Calgary, who has stepped down. The Company wishes to thank Dale for his professional services, dedication and support since November 2010.
Happy Creek President and CEO David Blann said:
We shall soon begin drilling 25 holes with a focus on delineating the zone we discovered last year. This new discovery is at or within 10 metres of surface and contains high tungsten grades. In addition, there is a strong geophysical target about 65 metres below surface that is thought to represent another tungsten bearing zone. With drilling to date covering only 10% of a three kilometre long trend, the project holds potential for multiple mineralized zones.