Mr. David Blann reports
HAPPY CREEK PROVIDES UPDATE ON THE SILVER DOLLAR PROPERTY
Happy Creek Minerals Ltd.
has received the final option payments from Explorex Resources Ltd. for the Silver Dollar property, located approximately 45 kilometres southeast of Revelstoke, B.C.
Under the terms of the option agreement announced May 12, 2016, with amendments in 2016 and again April 21, 2017, Explorex has spent a minimum of $100,000 on the property, paid $20,000 in cash and issued a total of 1.1 million Explorex shares to the company. Explorex has now earned a 100-per-cent interest in the Silver Dollar property, subject to Happy Creek retaining a 1-per-cent NSR (net smelter royalty).
David Blann, PEng, president of Happy Creek Minerals, stated: "We are pleased to see the terms of the agreement accelerated by Explorex. There are several prospects with historical production, shallow drilling and surface results containing high gold, silver and lead-zinc grades. Exploration activity in the district is ongoing by several companies, and we look forward to further developments from the Silver Dollar property."
About the Silver Dollar property
The Silver Dollar project is 3,160 hectares (31.6 square kilometres) in area, and it is situated within the historical Camborne mining camp dating from around the early 1900s. A number of mineral showings and past-producing gold-silver-lead-zinc and gold-silver prospects are in spatial proximity to the Camborne fault and occur over approximately 12 kilometres.
In 1984, a drill hole on the Silver Dollar zone returned 2.10 metres grading 229.0 grams per tonne silver, 1.0 g/t gram per tonne gold, 10.95 per cent zinc, 4.04 per cent lead and 0.29 per cent copper. Initial due diligence by Happy Creek in 2013 returned samples containing 50.30 g/t gold, 216 g/t silver, 4.49 g/t gold and 4,496 g/t silver. Important base metal results include a 1.8-metre chip sample returning 16.8 per cent zinc, 3.9 per cent lead, 1.67 g/t gold and 241.0 g/t silver. These results have largely confirmed those found within historical reports.
Mr. Blann 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.
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