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| | Mon Sep 27, 2010
Happy Creek samples 7.3 metres of 1.25% W03 (tungsten trioxide) at Fox Property, B.C.
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| | September 27, 2010 -- Vancouver, British Columbia -- Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") is pleased to announce results from exploration conducted on its 100% owned Fox tungsten-molybdenum property. The Fox property is located approximately 30 kilometres east of the past producing Boss Mountain molybdenum mine and 75 kilometres northeast of 100 Mile House, in south central British Columbia, Canada. The road access, power within approximately 15 kilometres, geology, grades and large scale of the mineralization are thought to reflect positively on this significant new prospect.
Happy Creek has received results from a program of hand trenching and continuous chip sampling in the Ridley Creek area that was first discovered by the Company in 2007. Recent prices for contained W03 (tungsten trioxide) are around US$10.50/pound (lb)*. One percent (1%) contains approximately 22 lbs W03 per tonne.
2010 Fox Property Trenching Summary
| Trench |
Width
metres |
W03
% |
comments |
Trench |
Width
metres |
WO3
% |
comments |
| RT-1 |
6.6 |
0.30 |
open at one end |
BK-4 |
4.0 |
0.12 |
open at both ends |
| RT-2 |
7.0 |
0.80 |
open at one end |
BK-5 |
3.0 |
2.11 |
open at one end |
| RT-3 |
4.9 |
1.07 |
open at one end |
BN-1 |
1.0 |
4.66 |
open at one end |
| RT-4 |
1.3 |
2.54 |
open at one end |
BN-2 |
0.6 |
3.86 |
open at one end |
| RT-5 |
Garnet-Marble above skarn |
BN-3 |
0.5 |
1.36 |
open at one end |
| RT-6 |
2.0 |
5.00 |
open at both ends |
BN-4 |
0.8 |
1.63 |
open at one end |
| RT-7 |
5.0 |
0.98 |
open at one end |
BN-5 |
0.8 |
2.95 |
open at one end |
| |
708658 |
0.3 |
5.83 |
open at both ends |
| BK-1 |
1.0 |
0.57 |
open at one end |
708659 |
0.3 |
2.51 |
open at both ends |
| BK-2 |
7.3 |
1.25 |
full width |
708660 |
2.0 |
1.52 |
open at both ends |
| BK-3 |
4.6 |
0.85 |
open at both ends |
708661 |
2.0 |
4.36 |
open at both ends |
David Blann, P.Eng., president and CEO states: "These results have confirmed high tungsten grades and expanded the length and width of mineralization in three areas. And we continue to locate mineralization between them that suggest much of the two kilometre long zone is also mineralized. The Ridley Creek area is clearly showing potential for a sizeable tungsten deposit with very good grades."
In 2007 and 2008, during a follow up of positive stream sediment samples, the Company first discovered a number of surface outcrops containing significant tungsten at the Ridley Creek area. Samples of three outcrops returned up to 0.20 metres of 6.47% W03, 3.5 metres of 2.56% W03 and 1.0 metre of 3.70% W03, respectively over a two kilometre distance. Geochemical surveys outlined continuous and positive values of tungsten in soil for over three kilometres in this area. See press release dated November 28, 2008 and June 11, 2009 for additional results.
In 2010, the three prospects (RT, BK, BN) were cleared of moss, talus and soil cover using hand tools, beyond the original sampling area. Bedding of the mineralized horizon dips gently and the intervals presented are estimated to be near true width. The chip sampling was performed "blind"- without use of Ultra Violet (UV) light that indicates scheelite (tungsten mineral). In general, continuous chip samples of 0.30 to 1.0 metre intervals each were taken across the skarn. Trenches RT-1 to 4 cover approximately 25 metres strike length and RT-6 and RT-7 are along trend and approximately two hundred metres further north. Sample 708658 (0.30 metres of 5.83% W03) is located beside RT-7 and 708659 (0.3 metres of 2.51% W03) is located along trend, approximately 30 metres north of RT-7. Sample 708660 (2.0 metres of 1.52% W03) is located beside RT-6. Trenches BK-1 to 5 cover approximately 20 metres strike length, about one kilometre north of the RT trenches. Sample 708661 (2.0 metres of 4.36% W03) is located beside BK-5. A subcrop boulder located on trend approximately 25 metres southeast of the BK trenches returned 0.77% W03. Trenches BN-1 to 5 cover approximately 8 metres of mineralization and are located 900 metres south of the RT trenches. Subcrop material that is on trend and approximately 200 metres north of the BN trenches returned 0.16% W03. Importantly, all but one trench show mineralization remains open in width, and all mineralized zones remain open in extent along strike.
The tungsten bearing zones also contain variable concentrations of other metals. Results include 0.30 metres containing 3.09% W03, 3.91% zinc, 1,000 g/t (gram per tonne) cadmium, 19.3 g/t indium, 4.25 g/t silver, 0.22 g/t gold and 697 g/t bismuth. Molybdenum concentrations are very low (1-5 part per million) within the tungsten zone. However, several hundred metres above the tungsten zone, and separately, a sample returned 1.4 metres containing 0.40% molybdenum with no tungsten.
The Ridley Creek area geology is comprised of folded metasediment and limestone, Paleozoic in age, that is underlain by a per-aluminous two-mica quartz monzogranite intrusive rock, Cretaceous in age. Regional mapping indicates that the monzogranite has cut the sedimentary rocks in this area along a regional anticline fold axis. The Ridley Creek area is located near the apex of this intrusion where abundant quartz veins, dikes and sills of the intrusive rock have cut through the metasediment and limestone for over two kilometres along the fold axis. The calcareous units have been converted to a calc-silicate or skarn type assemblage containing garnet, pyroxene, vesuvianite minerals and scheelite (calcium tungstate- ore of tungsten) pyrite, pyrrhotite, sphalerite (zinc sulphide) and locally molybdenite (molybdenum sulphide). The Ridley Creek area's geological location, near the apex of the intrusion and within a fold axis, may have played an important role in focusing mineralization in this area.
During 2010, the Company has extended the length of tungsten mineralization at all the prospects in the Ridley Creek area and located new mineralized zones and proximal calc- silicate material that are on trend with the known prospects. The controls and continuity of mineralization are better understood, and geological conditions appear favorable for well developed tungsten bearing calc-silicate and skarn to occur over two kilometres at surface.
Overall, the Fox property is underlain by a tungsten-molybdenum system that is approximately ten kilometres by three kilometres in dimension, and is thought to reflect a significant new tungsten prospect in western Canada.
Drilling results from three holes at the Nightcrawler-Discovery zone, 4 kilometres south of the Ridley Creek area are pending, and further exploration of the Fox property is planned.
On behalf of the Board of Directors,
"David E Blann"
____________________
David E Blann, P.Eng.
President
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. Analytical results are provided by AGAT Laboratories of Ontario by both aqua regia and peroxide fusion digest followed by ICP analyses. Results are provided in percent (%) tungsten metal (W), and W03 equals 1.26 times contained W. *Tungsten prices are based on spot contracts for contained W03.
FOR FURTHER INFORMATION PLEASE CONTACT:
Corporate Office:
Phone: 604.662.8310
Email: Info@happycreekminerals.com
Website: www.happycreekminerals.com
Investor Relations:
James Berard and Aaron Konkin
Phone: 604-687-2767
Toll free: 1-877-459-5507
Neither 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. This News Release may contain statements that are forward looking and subject to risk and uncertainty more fully described in the Company's Prospectus, Financial Statements, MD&A and Public Filings located on SEDAR. |
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| | You can view the Next News Releases item: Tue Nov 2, 2010, Happy Creek Drills 45.0 metres of 0.48% Copper in Highland Valley B.C.
You can view the Previous News Releases item: Mon Sep 20, 2010, Happy Creek Drilling Underway at Golden ledge Property
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