The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from

Happy Creek drills 95.0 metres of 0.65% copper in Highland Valley B.C.

Wednesday, June 01, 2011

Happy Creek drills 95.0 metres of 0.65% copper in Highland Valley B.C.14:00 EDT Wednesday, June 01, 2011(via June 1, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") announces preliminary analytical results from the first hole of 2011 in Zone 1 on its Rateria property, Highland Valley, B.C. 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 southeast of Teck's Highmont mine. Previous 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. Happy Creek has intersected 95.0 metres grading 0.65% copper and 3.62 g/t (grams per tonne) silver from 220 to 315 metres in drill hole R11-1. This hole is angled at -55 degrees across the northerly trending Zone 1. Low copper values occur above and below this interval with the final 12.5 metres containing 0.10% copper to 404.5 metres where the hole was shut down due to drilling difficulty. The significant interval in R11-1 is approximately 100 to 150 metres beneath R07-09 that returned 100.0 metres of 0.29% copper near surface and on this section, importantly indicates good continuity of the zone and higher grade at depth. Glacial till in Zone 1 is around 7 to 9 metres in thickness and potentially economic copper grades are confirmed from bedrock surface to 250 metres below surface and remain open in extent. "We are very encouraged from results of the first hole this year, which shows good continuity and increasing copper grade" states David Blann, President and CEO of Happy Creek. "This phase of drilling is focusing on the definition of Zone 1 and testing similar geophysical targets nearby." The Company is currently completing the fourth of up to 25 drill holes and has approximately $3.4 million in working capital. 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 are performed by Agat Laboratories, Burnaby, B.C. using a geochemical aqua regia digest and ICP-MS finish, with samples returning greater than 5,000 PPM (Parts Per Million) copper repeated using larger pulp size and Atomic Absorption analyses. ICP-MS results for copper, molybdenum and silver are provided in PPM (or grams per tonne), with values converted to percent by dividing by 10,000. AA results for copper are provided in % (percent). N/A= Not Available. Quality control and assurance 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 Corporate Office: Phone: 604.662.8310 Email: Website: Investor Relations: James Berard Phone: 604-687-2768 Toll free: 1-877-459-5507 Copyright (c) 2011 - All rights reserved.