Press release from TheNewswire.ca
Happy Creek's Geophysical Surveys Identify New Targets in Highland Valley B.C.
Thursday, May 26, 2011
Happy Creek's Geophysical Surveys Identify New Targets in Highland Valley B.C.14:00 EDT Thursday, May 26, 2011(via Thenewswire.ca) May 26, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") has received final results of a three dimensional induced polarization (3D IP) and magnetic geophysical survey performed on its Rateria property in the Highland Valley area, B.C., Canada. The geophysical surveys were performed by SJ Geophysical Consultants Ltd., of Vancouver, B.C., and covered approximately seven square kilometres in area that is located to the south of the Company's Zone 1 where drilling is currently underway. The 3D IP survey can obtain quality data to over 400 metres below surface in areas where extensive glacial till limited previous survey effectiveness. The recent surveys covered prospective geology, several copper prospects, positive copper values in stream sediment and over 90% of the area is covered by glacial till. Results include large scale and positive chargeability values of 6 to greater than 13 milliseconds, with a background of around 3 milliseconds. In addition, low to moderate resistivity and low to moderate magnetic susceptibility are similar physical properties to where the Company has previous success with drilling. One target area extends from the Company's Moss 4 prospect southward for 3 kilometres and varies between 200 and 600 metres in width and extends to over 400 metres in depth. The Moss 4 prospect consists of a small outcropping copper zone, quartz vein boulders with up to 9.71% copper in a grab sample, and stream sediment samples contain 971 and 575 ppm copper from the north and south end of the target area, respectively. These geochemical and geophysical results are thought to be very positive and reflect part of a favorable "corridor" that now extends over 8.5 kilometres through the property, with Zone 2 occurring at the north end. A second area of interest occurs around the Sho prospect that consists of a 15 metre long and 4 metre wide shear zone averaging 1.49% copper and 8.4 g/t silver and is open in extent beneath glacial till. Historical percussion holes of around 40 metres in depth and located approximately 200 metres west and 500 metres southwest of the Sho contain 0.10% copper at the end of the hole and 6.0 metres of 0.38% copper, respectively. Approximately one kilometre south of the Sho prospect, outcrop grab samples contain from 0.20 to 2.84% copper and up to 12.8 g/t silver. The new geophysical results indicate these mineralized zones may be connected and reflect part of a target that is overall 1.2 kilometres by 600 metres in dimension and extends to over 400 metres in depth. David Blann, President and CEO of Happy Creek states: "We are pleased to see the corridor continue another 3 kilometres and several quality targets are apparent near the Moss 4 prospect. The surveys have also identified the known copper zones at surface around the Sho prospect and a target of considerable size has emerged. This work was successful in providing additional, large scale and quality porphyry copper targets that add to the potential of this property." The surveyed area is underlain largely by the important younger phases of the Guichon Batholith including Bethsaida, Skeena and Bethlehem phases and are cut by intersecting regional scale north, northwest and easterly trending faults. In addition, widespread stream sediment and outcrop samples contain positive copper values. The favorable geology, structural setting, geochemistry, copper prospects and geophysical results are similar to the Company's Zone 1 and thought to reflect excellent potential for a porphyry copper system to occur in this area. The Company has a 100% interest in approximately 145 square kilometres of mineral tenure 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 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. 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 intercepts such as 38.2 metres of 0.029% molybdenum and 2.14 g/t rhenium. The Company is currently diamond drilling with one drill around Zone 1. Mobilization of a second drill for testing new targets has been delayed due to the late spring and closure of the secondary logging roads because of wet, soft road conditions and washouts. These conditions may prevail for around three weeks. 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 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.