Happy Creek drills 162.5 metres of 0.32% copper, 2.1 g/t silver in Highland Valley, B.C.September 6, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the “Company”) announces results of additional drilling from its on-going exploration on the Rateria property, Highland Valley district, British Columbia (B.C.), Canada.
The Company has a 100% interest in approximately 145 square kilometres of mineral claims that adjoin Teck’s Highland Valley Copper (HVC) mine property, Canada’s largest copper producer, located in south central B.C. Over 1.8 billion tonnes of resources in five deposits have been discovered in the Highland Valley district. HVC is currently mining material with an average grade of around 0.26% copper.
Happy Creek has discovered Zone 1 and Zone 2 on the Rateria property, located approximately 6.5 kilometres south-southeast of Teck’s Highmont mine. Approximately 7 to 12 metres of glacial till covers Zone 1 and the Company’s drilling to date confirms the copper zone occurs from bedrock surface to over 400 metres below surface. Previous highlights of drilling include 120.0 metres of 0.38% copper starting at surface from R10-12 and recently drill hole R11-1 with 95.0 metres of 0.67% copper, 3.6 g/t (grams per tonne) silver. Zone 2 is located approximately 2 kilometres to the northeast and has returned 126.0 metres of 0.46% copper, 0.008% molybdenum and 0.10 g/t gold. Zone 2 also contains significant values of rhenium with intercepts such as 38.2 metres of 2.14 g/t rhenium with 0.029% molybdenum. In addition to testing multiple new targets, drilling in Zone 1 is focused on cutting beneath previous angled holes to provide vertical and lateral continuity. Currently the Zone is about 850 metres in length, and results from step-out holes to the south are pending. Copper values in Zone 1 are contained in dominantly bornite, chalcocite and minor chalcopyrite (copper sulphides).
New results from Zone 1 include drill hole R11-8 with 250.0 metres of 0.25% copper including 162.5 metres of 0.32% copper and 2.1 g/t silver starting from 150.0 metres. To the end of the hole at 434.3 metres, the last 6.8 metres averages 0.08% copper that is thought to be still within the mineralized system and remains open in extent. Depending on ground conditions, the drill is limited to depths of around 430 metres. As with a number of other holes in Zone 1, R11-8 contains relatively higher grade intervals such as 7.5 metres containing 1.17% copper, 7.8 g/t silver.
“Drilling is expanding and tying Zone 1 together nicely with positive results to over 400 metres depth” states David Blann, President and CEO of Happy Creek. “Our first step is to collect enough data from this new deposit for a model to be generated. It is also encouraging that many of the holes contain intervals near or greater than one percent copper. Zone 1 is in similar geology as the large deposits currently being mined to the north, and we have yet to determine its limits”.
Drill hole R11-7 is located approximately 350 metres southwest of R11-8. The hole intersected multiple intervals containing chalcocite, chalcopyrite veins and associated geochemically elevated copper, molybdenum, silver and rhenium values that are of exploration interest. As with other holes in proximity to Zone 1, continuous sericite, chlorite, kaolin, hematite and carbonate alteration occur in the drill core that suggests potential for stronger copper values nearby. R11-7 and other results from around Zone 1 indicate the overall footprint of the hydrothermal system is much larger than previously thought and favorable for larger mineralized zones.
In the Highland Valley area of B.C., the Company is currently drilling on the Rateria property, performing geophysical surveys on the BX property and additional results are pending.
On behalf of the Board of Directors,
“David E Blann”
David E Blann, P.Eng.
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. Preliminary analyses are performed by certified Agat Laboratories using a geochemical aqua regia digest and ICP-MS finish, and results for copper, silver, molybdenum and rhenium provided in PPM (parts per million or grams per tonne), with values converted to percent by dividing by 10,000. Samples greater than 5,000 ppm copper are automatically re-run with a larger pulp sample, aqua regia digest and Atomic Absorption Spectrophotometer (AA) finish. AA results are provided in % (percent) copper. Quality control protocol includes on-site pick up of samples by the laboratory, routine insertion of blanks, standards and duplicates in addition to the laboratory internal controls.
FOR FURTHER INFORMATION PLEASE CONTACT:
David Blann, President, CEO
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.
You can view the Next News item:September 19th, 2011, Happy Creek drills 50 metres of 0.39% copper and continues expanding Zone 1 to the south
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