Press release from TheNewswire.ca
Happy Creek Completes IP Survey and Prepares for Drilling in Highland Valley B.C.
Wednesday, March 30, 2011
Happy Creek Completes IP Survey and Prepares for Drilling in Highland Valley B.C.14:00 EDT Wednesday, March 30, 2011(via Thenewswire.ca) March 30, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") announces that the 3D IP (three dimensional induced polarization) and magnetic geophysical survey announced February 18, 2011, has been completed. 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. Happy Creek has discovered Zone 1 and Zone 2 on the Rateria property, located approximately 6.5 kilometres southeast of Teck's Highmont mine. Highlights of drilling include 253.7 metres of 0.24% copper including 120.0 metres of 0.38% copper in Zone 1, and 126.0 metres of 0.46% copper, 0.008% molybdenum and 0.10 g/t gold in Zone 2. Zone 2 also contains intercepts such as 38.2 metres of 0.029% molybdenum and 2.14 g/t rhenium. The Company has been informed by SJ Geophysics Ltd. that approximately 49 line kilometres (ten square kilometres) of 3D IP and magnetic geophysical surveys were performed and data inversion processing is underway. "Results of these detailed geophysical surveys will be available in approximately three weeks" states David Blann, President and CEO of Happy Creek. "This timing will fit well with our schedule for drilling to commence in April. We have compiled and reviewed data over the past few months and developed a plan for drilling Zone 1 and 2 and testing a number of quality targets identified from our surface work. These new targets are thought to hold excellent potential to build on our two discoveries and we look forward to getting started". Located approximately three kilometres south of Zone 1, the recent geophysical surveys covered several historical prospects that contain high grades of copper at surface and widespread, positive stream sediment geochemical results. The surveys were performed entirely within a regional magnetic low that is associated with important younger phases of the Guichon batholith that includes Bethsaida, Skeena and Bethlehem phases that are host to the major deposits to the north. At the Sho prospect, a 15 metre long zone returned an average of 1.49% copper and 8.4 g/t silver over a 4 metre width and remains open in extent beneath glacial till. Approximately 400 metres to the south, twelve outcrop grab samples 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. These samples occur in a northwest trending zone approximately 250 metres by 50 to 100 metres in width that remains open in extent. Silt or sediment from nine widespread stream courses contain greater than 400 and up to 951 ppm (parts per million) copper located up to 2.5 kilometres west of the outcropping copper zones. 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 positive results in rock and stream sediment samples and underlying geology support the potential for this area to host new copper deposits. The results of the geophysical surveys will assist in defining targets for drilling. The Company looks forward to drilling up to 10,000 metres in approximately 30 holes during 2011. With a view towards developing a resource, drilling is planned to define and expand Zone 1 and Zone 2, as well as testing a number of the 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: David Blann, President, CEO 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 Copyright (c) 2011 Thenewswire.ca - All rights reserved.