Highlights of new drill results
Drill hole | From (m) | Interval Length (m) | W03 (%) tungsten trioxide | Kg of W03 per tonne |
F13-08 | 12.0 | 14.8 | 0.59 | 5.9 |
includes | 22.0 | 3.18 | 2.70 | 27.0 |
F13-09 | 31.35 | 17.35 | 0.50 | 5.0 |
includes | 48.0 | 1.0 | 3.69 | 36.9 |
F13-15 | 24.0 | 4.0 | 0.58 | 5.8 |
F13-19 | 31.75 | 26.25 | 1.19 | 11.9 |
includes | 37.3 | 3.66 | 4.60 | 46.0 |
F13-21 | 24.0 | 22.0 | 0.26 | 2.6 |
Includes | 44.0 | 2.0 | 1.03 | 10.3 |
Review their results for the previous holes and you'll be amazed at the potential tonnage. They have tungsten practically sticking out of the ground. IRR anyone?
In recent developments HPY just hired a match maker. David Blann doesn't plan to give it away. If this round of match making fails so be it. There will always be another party who desperately needs the ore. I hope some billionaire reads this and realizes that a fair offer would make everyone a whole lot of money.
10 cents? Really! Let's hope it goes to 5 cents. I suspect that might not happen but we can hope.
David Blann, President and CEO of Happy Creek states: "Drilling continues to produce excellent tungsten grades and the RC zone is open for further expansion. New results from the RC prospect includes 3.66 metres of 4.6 percent tungsten, which is a similar grade to F12-27 located about one kilometre away at the BN prospect that returned14.98 metres of 4.0 percent tungsten. These very strong tungsten grades occur quite frequently on the Fox property and attest to the strength and quality of this mineral system. To date, we have focused on just a portion of one target that is approximately three kilometres by one kilometre in dimension. Results clearly warrant advancing the project and we see an excellent opportunity for an important new tungsten deposit to be developed in British Columbia."
Disclosure:
Hell ya I own HPY. I'd be nuts not to.