Press release from TheNewswire.ca
Happy Creek Commences 2011 Exploration in Highland Valley B.C.
Friday, February 18, 2011
Happy Creek Commences 2011 Exploration in Highland Valley B.C.14:00 EST Friday, February 18, 2011(via Thenewswire.ca) February 18, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") announces that exploration has commenced on its Rateria property in the Highland Valley area, British Columbia, 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 have been discovered in the Highland Valley district. Happy Creek has discovered Zone 1 and Zone 2 on the Rateria property, located approximately 6.5 kilometres southeast of Teck's Highmont mine. Exploration is underway to complete approximately seven square kilometres of three dimensional induced polarization and magnetic geophysical surveys to the south of Zone 1. More than 95% of this area is covered by glacial till that limited historical exploration effectiveness. This will be the first geophysical survey using more modern geophysical methods that can obtain information through deeper glacial till and to greater bedrock depth. The surveys will cover several copper zones that contain high grades of copper at surface and widespread, positive stream sediment geochemical results. It occurs entirely within a regional magnetic low and associated important younger phases of the Guichon batholith, and has similar large scale fault structures that also occur in proximity to the major deposits currently being mined to the north. David Blann, President and CEO of the Company states: "These detailed geophysical surveys will cover a very prospective area of the Guichon batholith. We believe this work provides an exceptional opportunity to identify new, large scale copper targets. The results are expected to add to our existing targets and, in conjunction with further resource definition of Zone 1 and 2, are planned for drilling this year." At the Sho prospect, the Company performed detailed chip sampling covering a 15 metre by 4 metre area that averaged 1.49% copper and 8.4 g/t silver. This zone remains open in extent beneath glacial till. In 2010, the Company continued prospecting approximately 400 metres to the south of the Sho prospect. A number of mineralized outcrops were located in a northwest trending zone 250 metres in length and 50 to100 metres in width that remains open in extent. Twelve grab samples within this zone contain from 0.20 to 2.84% copper and up to 12.8 g/t silver. Seven of these rock samples contain from 0.05 to 0.11 g/t gold. Silt or sediment from nine widespread stream courses contain greater than 400 and up to 951 ppm (parts per million) copper. One stream sediment sample located 200 metres downstream of the Sho trench returned 33,900 ppm (3.4%) copper, 68.9 ppm molybdenum and 4.09 g/t silver that is thought to reflect dispersion from the trench area or mineralization directly underlying the creek bed. The Company looks forward to completion of the geophysical surveys, and is planning to drill up to 10,000 metres in approximately 30 holes during 2011.Drilling is planned to define and expand mineralization in Zone 1 and Zone 2, with a view towards developing a resource, as well as test the numerous targets generated by the Company's surface exploration. 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. FOR FURTHER INFORMATION PLEASE CONTACT: Corporate Office: Phone: 604.662.8310 Email: Info@happycreekminerals.com Website: www.happycreekminerals.com Investor Relations: James Berard Phone: 604-687-2768 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. Copyright (c) 2011 Thenewswire.ca - All rights reserved.