Alrosa plans production cuts and staff reduction for 2025
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(via TheNewswire)
May 13, 2021 – TheNewswire - Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSXV:HPY) (OTC:HPYCF) (“Happy Creek” or the “Company”) is proud to congratulate C.J. “Charlie” Greig on receiving the 2020 H. H. “Spud” Huestis award, given today by the Association of Mineral Exploration.
This prestigious award recognizes “those who have made a significant contribution, directly or indirectly, to enhance the mineral resources of BC and/or the Yukon Territory through the original application of prospecting techniques or other geoscience technology”. As the VP Exploration of GT Gold Corp., Mr. Greig led the exploration team that discovered the Saddle copper-gold and gold-silver deposits on the company’s Tatogga Property. Mr. Greig is renowned for advancing mineral exploration projects with efficiency and professionalism.
Mr. Greig serves as a technical advisor and lead geological consultant to Happy Creek on the Company’s copper-gold-silver projects in southern British Columbia. A phase 1 program of field work is slated to begin in late May, and will include geological mapping, alteration studies, soil sampling and ground geophysics to refine targets for follow-up drilling.
The award is named in honour of Herman H. Huestis who was the major driver in the successful opening of the first low-grade, bulk-tonnage open-pit copper mine in Canada. That production began in the 1960s with the famed Bethlehem Copper Corporation, of which Huestis was the first president. Bethlehem Copper later became part of the Highland Valley Copper operation, which adjoins Happy Creek’s flagship project.
About the Highland Valley Project (West Valley-Rateria Property)
The 100-percent-owned Highland Valley project, comprising the West Valley and Rateria copper properties, covers 244 square kilometres and is a quality, underexplored exploration asset in the world-class Highland Valley district. The Company's property package adjoins the Highland Valley Copper mine on the southern side. The mine, Canada’s largest copper producer, has been in production for nearly 60 years. Happy Creek’s Zone 1 and Zone 2 discoveries, which lie just 6.5 kilometres southeast of HVC’s Highmont pits, show laterally continuous mineralization that has been partially outlined with 28,000 metres of drilling. The Zone 1 and Zone 2 discoveries remain open in several directions. The Company also continues to generate new copper targets within this large and prospective property.
More information on the Highland Valley project and the Company’s other projects can be found on the Company’s website www.happycreekminerals.com.
The Company operates with the principles and guidelines set out for Covid-19 that are established by provincial health and safety authorities to protect workers and the communities in which the Company operates.
On behalf of the Board of Directors,
“Mike Cathro”
Interim President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mike Cathro, P.Geo, Interim President and Chief Executive Officer
Office: Phone: (604) 662-8310
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.
Mike Cathro, P.Geo. 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. The reader is cautioned that results or information from an adjacent property does not infer or indicate similar results or information will or does occur on the subject property. Historical information from the subject or adjacent property cannot not be relied upon as the Company’s QP, a term which was created and defined under NI-43-101 has not prepared nor verified the historical information.
This press release contains "forward-looking information" within the meaning of applicable securities laws, including statements that address capital costs, recovery, grade, and timing of work or plans at the Company’s mineral projects. Forward-looking information may be, but not always, identified by the use of words such as "seek", "anticipate", “foresee”, "plan", "planned", "continue", "expect", “thought to”, "project", "predict", "potential", "targeting", "intends", "believe", “opportunity”, “further” and others, or which describes a goal or action, event or result such as "may", "should", "could", "would", "might" or "will" be undertaken, occur or achieved. Statements also include those that address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization, potential type(s) of mining, potential grades as well as to Happy Creek’s ability to fund ongoing expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades, favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and events that are not within the control of Happy Creek and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or implied by such forward-looking information. Additional information on risks and uncertainties can be found within Financial Statements, Prospectus and other materials found on the Company’s SEDAR profile at www.sedar.com. Although Happy Creek has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Happy Creek withholds any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.
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