The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from

Happy Creek Drills 100 metres of 0.35% copper, 2.2 g/t silver in Highland Valley, B.C.

Wednesday, July 13, 2011

Happy Creek Drills 100 metres of 0.35% copper, 2.2 g/t silver in Highland Valley, B.C.11:59 EDT Wednesday, July 13, 2011(via July 13, 2011 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") is pleased to announce additional diamond drilling results from its on-going exploration on the Rateria property, Highland Valley district, British Columbia (B.C.), 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 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 and recently drill hole R11-1 with 95.0 metres containing 0.67% copper, 3.6 g/t (grams per tonne) silver. 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. New results from Zone 1 include drill hole R11-6 with 100.0 metres of 0.35% copper, 2.2 g/t (grams per tonne) silver, or 100.0 metres of 0.38% copper equivalent*. This includes a higher grade section of 10.0 metres grading 1.10% copper, 8.1 g/t silver. Holes R11-2, 3 and 5 are located north and west of R11-1 and R11-6, and have expanded the copper zone in this direction where it remains open in extent to the west and at depth. These drill holes contain 406.9 metres of 0.09% copper, 257.8 metres of 0.15% copper and 400.5 metres of 0.08% copper, respectively, with the copper values starting from surface. R11-3 and R11-5 include intervals of 80.0 metres of 0.23% copper and 80.0 metres of 0.25% copper, respectively. Glacial till thickness in this area is around 10.0 metres to bedrock surface. David Blann, President and CEO of Happy Creek states: "We continue to intersect positive grades and are confirming continuity. In addition, the long, low grade copper values starting from surface could indicate Zone 1 is larger than previously thought. We know mineralization occurs from surface to at least 440 metres depth and is at least 850 metres in length but there is quite a bit that remains unknown about the ultimate size and shape of this deposit." 2011 Zone 1 Drill Results Summary Table ----------------------------------------------------- |  |From |To |Interval|Cu |Ag |Cu Eq*| |---------------------------------------------------| |Hole |(metres)|(metres)|(metres)|% |g/t|% | |---------------------------------------------------| |R11-1 |220.0 |315.0 |95.0 |0.67|3.6|0.72 | |---------------------------------------------------| |includes|247.5 |267.5 |20.0 |1.46|7.7|1.56 | |---------------------------------------------------| |R11-2 |9.8 |419.1 |406.9 |0.09|0.7|0.10 | |---------------------------------------------------| |includes|172.5 |330.0 |157.5 |0.19|1.1|0.20 | |---------------------------------------------------| |R11-3 |9.8 |267.4 |257.8 |0.15|1.3|0.17 | |---------------------------------------------------| |includes|120.0 |200.0 |80.0 |0.23|2.0|0.26 | |---------------------------------------------------| |R11-4 |12.2 |167.5 |155.3 |0.10|0.5|0.10 | |---------------------------------------------------| |includes|82.5 |112.5 |30.0 |0.24|1.3|0.26 | |---------------------------------------------------| |R11-5 |12.2 |412.7 |400.5 |0.08|1.1|0.09 | |---------------------------------------------------| |includes|225.0 |305.0 |80.0 |0.25|3.0|0.29 | |---------------------------------------------------| |R11-6 |177.5 |277.5 |100.0 |0.35|2.2|0.38 | |---------------------------------------------------| |includes|255.0 |265.0 |10.0 |1.10|8.1|1.20 | ----------------------------------------------------- Results from three additional holes from the southern end of Zone 1 are pending. Drilling is continuing to define and expand Zone 1, with current attention to the southern extension where it is thought to connect with a larger geophysical target a few hundred metres further south. A second drill rig is currently testing new targets. Visual results from R11-9, located approximately 800 metres west of Zone 1 and 700 metres northeast of the Copper Creek target are thought to be of exploration interest and support testing of the Copper Creek target to the south. An access trail was recently completed to the Copper Creek target area, where the first ever drilling is planned. Wide spread quartz vein boulders have returned values of 3.34%, 1.74% and 1.04% copper, and up to 0.021% molybdenum and 5.78 g/t silver. Stream sediment samples have returned from 190 ppm (parts per million) up to 1,625 ppm copper and 57 ppm molybdenum from several stream tributaries. These encouraging surface samples are underlain by an induced polarization geophysical anomaly approximately 800 by 600 metres in dimension and reflects a prospective target. 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 of Ontario using a geochemical aqua regia digest and ICP-MS finish, with final assay results determined by a larger pulp sample, aqua regia digest and Atomic Absorption Spectrophotometer (AA) finish. Results for ICP-MS copper and silver are provided in PPM (parts per million or grams per tonne), with values converted to percent by dividing by 10,000. N/A= Not Available. AA results are provided in % (percent) copper. 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. *Equivalent grades assume 100% recovery and payable metal prices of $3.50/lb copper and $31.0/oz silver and prices in U.S $. 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.