Happy Creek identifies awaruite, a nickel-iron alloy, on Black Riders property
June 10 2014 - 11:59AM
Access Wire
Vancouver, British Columbia / ACCESSWIRE / June
10, 2014 / Happy Creek Minerals Ltd. (TSXV: HPY) (the
"Company") is pleased to announce preliminary results from a
petrographic analyses of several nickel-bearing rock samples from
its 100% owned, Black Riders property. The property adjoins the
Company's Fox tungsten property and is well situated approximately
25 km east of the past producing Boss Mountain molybdenum mine, and
75 km northeast of the town of 100 Mile House in the south-central
Cariboo region of British Columbia, Canada.
Host rocks at Black Riders are
ultramafic and magnesium silicate-rich, and consist of
serpentinite, pyroxenite, gabbro and dunite. Surface grab samples
collected in 2006 returned values between 0.06 to 0.23% nickel
including a 300 metre long grab sample containing 0.19% total
nickel. The area containing nickel values at surface is at least 1
km by 2 km in dimension.
In mid April 2014, three hand
samples, grading between 0.22 and 0.23% Ni, were submitted for
metallurgical and TIMA petrographic analyses at Process
Mineralogical Consulting of Maple Ridge, B.C. The semi-quantitative
petrographic work determined that nickel is present in olivine and
serpentine, as well as the minerals pentlandite, mackinawite,
nickel pyrrhotite, nickel magnetite (nickel-iron alloy) and
awaruite. The presence of awaruite and nickel-iron alloys (or
"native stainless steel") is of interest as these are the key host
alloys found at the Decar project in northwestern B.C, a joint
venture between First Point Minerals (TSXV: FPX) and Cliff's
Natural Resources, a Fortune 500 Company.
David Blann, P.Eng., President
of Happy Creek states: "The presence of nickel iron alloys in these
initial three petrographic samples, representing only a small
portion of the property, suggests the opportunity for Black Riders
to host a large, low strip-ratio deposit similar to Decar.
Additional investigation of the Black Riders property is
warranted."
Of the total nickel present,
the amount that is in alloy form and recoverable by gravity and
magnetics, along with other qualities of a potential concentrate,
determine whether there is economic opportunity. The key benefits
of iron-nickel alloy deposits include the potential amenability to
concentration without extensive chemicals, water, and the potential
for direct shipping of a concentrate directly to steel mills. In
addition, recent research indicates magnesium silicate-rich rock
minerals found in certain deposits like those at Black Riders have
potential to fix or absorb carbon dioxide, a greenhouse
gas.
The Company intends to collect
additional samples from the Black Riders property with which to
conduct further tests, and to identify the area containing the
highest percentage of nickel-iron alloy.
The Company also wishes to
announce that it has received exploration permits for drilling of
up to 50 sites or 100 holes along with drill access trails on its
100% owned Fox tungsten property. Permits have also been received
to conduct geophysical surveys and diamond drilling on its 100%
owned Rateria and West Valley copper property in the Highland
Valley area of B.C.
On behalf of the Board of
Directors,
"David E
Blann"
____________________
David E Blann, P.Eng.
President, CEO
FOR FURTHER INFORMATION PLEASE
CONTACT:
David Blann, President, CEO
Corporate Office:
Phone: 604.662.8310
Email: Info@happycreekminerals.com
Website: www.happycreekminerals.com
Registered Investor
Relations:
James Berard Phone:
604-687-2768 Toll free: 1-877-459-5507
Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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.
Samples were submitted to
Process Mineralogical Consulting of Maple Ridge, B.C. for
petrographic and mineralogy investigations.
SOURCE: Happy Creek Minerals Ltd.
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