Press release from TheNewswire.ca
Happy Creek Drills 120 metres of 0.34% Copper in Highland Valley B.C.
Monday, July 12, 2010
Happy Creek Drills 120 metres of 0.34% Copper in Highland Valley B.C.14:02 EDT Monday, July 12, 2010(via Thenewswire.ca) Happy Creek Drills 120 metres of 0.34% Copper in Highland Valley B.C. July 12, 2010 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") announces preliminary analytical results* from three drill holes in Zone 1 and a geochemical survey of its 100% owned Rateria property, Highland Valley area B.C. The Rateria adjoins Teck's Highland Valley copper mine property, Canada's largest copper producer, located in south central British Columbia. The Highland Valley mine is currently mining material from three different open pits that average approximately 0.30 percent (%) copper. Drill holes R10-11 and R10-12 returned 117.5 metres containing 0.30% copper, and 120.0 metres containing 0.34% copper, respectively. David Blann, President and CEO of Happy Creek states "We are pleased with results of these holes in Zone 1. Drilling is being conducted with a view towards establishing more detailed information on the orientation, continuity, extent and depth of the mineralization. Mineralization occurs from surface and a second zone of interest was intersected further down R10-11. These results together with recently completed soil geochemical work, geophysics and geology suggest there is an excellent opportunity to expand Zone 1." Hole From (metres) To (metres) Length (metres) Cu % R10-11 THD 389.2 10.4 162.5 152.1 0.24 includes 32.5 150.0 117.5 0.30 R10-12 THD 309.4 8.8 262.5 253.7 0.24 includes 32.5 152.5 120.0 0.34 0.34 includes 32.5 152.5 120.0 0.34 0.34 Drill hole R10-10 is located between the collars of R07-09 (100 metres of 0.29% copper) and R07-10 (73 metres of 0.23% copper) and drilled at -55 degrees to the west. This hole returned 0.12% copper over 5.3 metres from surface and decreasing values down hole. R10-11 was drilled eastward from this location at -55 degrees and returned 152.1 metres grading 0.24% copper from surface, including 117.5 metres containing 0.30% copper. R10-12 is a vertical hole located approximately 50 metres to the east of R10-11, and intersected 253.7 metres grading 0.24% copper from surface, including 120.0 metres of 0.34% copper. All intervals are apparent in width. R10-11 was extended eastward beyond previous holes and intersected a second zone of moderate to strong alteration and locally semi-massive chalcopyrite (copper sulphide) veins up to 2.5 centimetres occur. Mineralization is comprised of dominantly chalcocite, bornite and chalcopyrite. These copper sulphide minerals are associated with quartz and sericite alteration minerals, and trace pyrite (iron sulphide) occurs locally. Zone 1 occurs near the contact between the Bethsaida and Skeena Phase rocks that are also host rocks of the major ore deposits to the north. This area is covered by approximately 8-12 metres of glacial till, and lies within a favorable geological setting and associated geophysical responses that continue over 2 kilometres to the south. Preliminary results of a recently completed Mobile Metal Ion (MMI) soil geochemical survey indicate positive copper, molybdenum and silver values occur for a distance of over 700 metres further south of Zone 1 and remain open in extent. MMI soil surveys are relatively new technology designed to identify underlying bedrock mineralization through material such as glacial till. Both MMI and standard soil samples were collected that confirm positive geochemical, induced polarization and magnetic geophysical anomalies as well as favorable geology occur to the south of Zone 1. This area is thought to be the southern extension of Zone 1 and remains untested by drilling. Further south, the Moss 4 prospect is comprised of historical trenches and a 0.3-0.4 metre wide quartz vein that returned up to 9.75 % copper. A recently constructed logging road approximately 200 metres to the north has exposed favorable alteration and copper mineralization at surface that confirms widespread mineralization occurs over 1.5 kilometres south of Zone 1. "Our experience, on-going surface work and drilling is improving our understanding of the geology and targeting for success. We are seeing good progress and increasingly greater potential for Zone 1, Zone 2, and our Rateria and West Valley properties as a whole" states David Blann, President. 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. *Preliminary analyses were performed by Agat Laboratories of Ontario using a geochemical aqua regia digest and ICP-MS finish. Aqua regia digest may be partial for molybdenum and rhenium. Results for copper are provided in PPM (parts per million or grams per tonne), with values converted to % by dividing by 10,000. 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: Corporate Office: Phone: 604.662.8310 Email: Info@happycreekminerals.com Website: www.happycreekminerals.com Investor Relations:James Berard and Aaron KonkinPhone: 604-687-2767Toll 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. Copyright (c) 2010 Thenewswire.ca - All rights reserved.