Press release from TheNewswire.ca
Happy Creek samples up to 1.04 g/t gold, 17.7 g/t silver from Hen & Art-DL properties
Monday, February 13, 2012
Happy Creek samples up to 1.04 g/t gold, 17.7 g/t silver from Hen & Art-DL properties09:00 EST Monday, February 13, 2012(via Thenewswire.ca) February 13, 2012 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V:HPY, the "Company") announces results from exploration of the Hen and Art-DL properties, located about 16 kilometres southeast of the Boss Mt. molybdenum mine, and 57 kilometres northeast of 100 Mile House in the south Central Cariboo region of British Columbia, Canada. The properties adjoin the Company's Silverboss property to the north. The Hen and Art-DL properties are 100% owned by Happy Creek Minerals Ltd. and approximately 5172 hectares (52 square kilometres) and 2,625 hectares (26 square kilometres) in area, respectively. During 2011, the Company performed prospecting, rock, stream sediment and systematic soil geochemical surveys that expanded previous surveys covering portions of the Hen and Art-DL properties. In total, 708 soil, 20 stream sediment (silt) and 21 rock samples were collected. Rock samples contain from less than 0.01 to 1.04 grams per tonne (g/t) gold, less than 0.01 to 17.7 g/t silver and 2.8 to 1,300 parts per million (ppm) copper. Soil samples returned values from trace to 0.10 g/t gold, 2.1 g/t silver, 480 ppm copper, 16.9 ppm molybdenum and 627 ppm zinc. Silt samples returned from trace to 0.03 g/t gold, 0.60 g/t silver, 193 ppm copper, 11.6 ppm molybdenum and 180 ppm zinc. David Blann, President and CEO of Happy Creek states: "Our Hen and Art-DL properties have several styles of mineralization with gold and silver. On the Hen property we have previously trenched 4.0 metres of 2.08 g/t gold, with grab samples up to 35 g/t gold. In 2010,on the Art-DL property we drilled 72.5 metres of 4.0 g/t silver including 20.0 metres of 8.5 g/t silver in a zone that occurs from surface. The 2011 results have expanded the area containing positive results and additional exploration is planned." Exploration on the Hen property in 2011 located outcrops of fractured granodiorite containing pyrite and chalcopyrite (copper sulphide). Two samples about 250 metres apart returned 1,300 ppm copper (0.13% copper), 0.03 g/t gold, 3.18 g/t silver and 1,110 ppm copper (0.11% copper), 0.02 g/t gold, respectively. The first-pass samples, along with previous work by the Company, indicate potential for a bulk tonnage copper-gold system. In addition, the mineralized granodiorite is thought to be associated with positive results in calc silicate altered volcanic-sediment at the Hen, Dyke and Ledge prospects that span a distance of approximately 4 kilometres around the northern edge of the granodiorite. Trenches at these prospects contain 2.1 metres of 3.98 g/t gold, 4.0 metres of 2.08 g/t gold, and 4.0 metres of 0.11% arsenic, 0.12 g/t gold, respectively. On the adjoining Art-DL property to the east, new showings contain 1.04 g/t gold, 17.7 g/t silver and 0.29 g/t gold, 14.0 g/t silver in quartz carbonate veins within black phyllite. These samples are located 500 to 1,000 metres west of the historical DL adit where rock samples have returned up to 42.9 g/t gold, 34.7 g/t silver over 1.0 metre. In 2010, reconnaissance drilling to the south of the adit returned 72.5 metres of 4.0 g/t silver that includes 20.0 metres of 8.5 g/t silver. The 2011 results on the Art-DL property add to the Company's previous work and support the presence of a large scale sediment hosted gold-silver system with similarities to the Thunder Ridge prospect or Spanish Mountain deposit located to the south and northwest, respectively. Happy Creek is finalizing exploration plans for 2012 and further results from its 2011 program are pending. The Company currently has approximately $3 million in working capital and exploration is planned to start in about 5 or 6 weeks. On behalf of the Board of Directors, "David E Blann" ____________________ David E Blann, P.Eng. President, CEO 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 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. Analyses are performed by AGAT Laboratories of Burnaby, B.C. using a geochemical aqua regia digest and ICP-MS finish, and results for copper, gold, silver, molybdenum and zinc are provided in PPM (parts per million or grams per tonne), with values converted to percent by dividing by 10,000. 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) 2012 Thenewswire.ca - All rights reserved.