Happy Creek Minerals Ltd

Published : September 16th, 2008

Drills 42.0 metres Grading 0.865% Copper at Rateria Property, Highland Valley, B.C.

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Keywords :   Canada | Copper | Diamond | Gold | K Street | Molybdenum | Silver |

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Happy Creek Drills 42.0 metres Grading 0.865% Copper at
Rateria Property, Highland Valley, B.C.

September 16, 2008 -- Vancouver, British Columbia -- Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") is pleased to announce it has received preliminary drilling results from its 100% owned Rateria Copper property. Diamond drilling in 2008 is testing the "A" target located 12 kilometres southeast of Teck Cominco's Highland Valley copper concentrator. In its second quarter Teck Cominco reported a $160 million operating profit from mining an average grade of 0.31% copper. To date the Company has received results from the first four drill holes and a portion of the fifth. The Company has drilled a total of nine holes to date this year.

Drilling of the "A" target has identified a new zone containing 42.0 metres grading 0.865% copper, 0.012% molybdenum and 4.36 g/t (grams per tonne) silver in drill hole R08-05.


Preliminary Drilling Results

 Hole From (m) To (m) Width (m) Copper % Molybdenum % Silver g/t
 R08-01
 includes
169.75
219.5
273.0
231.5
103.25
12.0
0.335
1.384
 
0.010
 
7.11
 R08-05
 includes
44.0
80.0
179.0
122.0
135.0
42.0
0.430
0.865
 
0.012
 
4.36

Assay results are pending for 133 metres of drill core beyond the 179 metre depth reported in R08-05. A map showing the drillhole locations and technical data will be posted to the Company's website shortly. Diamond drill hole R08-05 is located approximately 200 metres south of hole R08-01. Drilling to date suggests the mineralized zones are sub-vertical in orientation and occur from surface to depths of over 350 metres and remain open in extent. Drill holes R08-02 and R08-04 are located approximately 500 metres west and 350 metres northwest of R08-01, respectively. Hole R08-03 was directed eastward from hole R08-01. Drill holes R08-02, 03 and 04 tested peripheral portions of the "A" target and were overall weakly mineralized, however localized zones contain encouraging copper values.

Of interest to the Company is a 3.0 metre interval returning 0.645% copper and 1,479.6 ppb (parts per billion) or 1.48 g/t gold along with other low but encouraging gold values in hole R08-01, the only hole to date for which gold results have been received. These gold values in addition to molybdenum and silver add potential value to the copper zone.

The mineralized zones in holes R08-01 and R08-05 appear to trend north to northeast-southwest and are part of a corridor estimated to be over five kilometres in length and between 350 to 650 metres in width through the property. To date, mineralization identified within this corridor is comprised predominantly of bornite and chalcocite copper sulphides that occur in proximity to district-scale contacts between several phases of the Guichon Batholith. Bornite and chalcocite are high grade copper minerals that increase the value per tonne of copper concentrates.

As a result of the successful exploration efforts this year, Happy Creek has recently expanded its land position in the Highland Valley area by purchasing two additional claim blocks (see news release dated September 11, 2008). The Company's 100% owned property now totals almost 13,000 hectares (130 square kilometres) on the southern side of the productive Guichon Batholith and adjoins on the east, south and west side, Teck Cominco's Highland Valley copper property. These additional properties have documented copper prospects thought to cover prospective geology and structures that appear similar to the Rateria property and the Company will conduct preliminary exploration on them this fall.

The Company is now awaiting assays for all of the holes that will allow the best possible advancement of this new discovery by further Diamond drilling. 

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. All drill core was logged, split and sampled at a secure core facility.  On-site personnel collect and track samples which are sealed and shipped to Acme Analytical Laboratories Ltd. in Vancouver.  Acme's quality control system complies with the requirements for the international standards ISO 9001:2000.  Analytical accuracy and precision are monitored at the laboratory by the analysis of reagent blanks, reference material and replicate samples.  Quality control is further assured by the use of international and in-house standards.  Blind certified reference material is inserted at regular intervals into the sample sequence by on site personnel in order to independently assess analytical accuracy. Gold results are by ICP-MS, and repeat analyses by fire assay are underway.


On behalf of the Board of Directors,

"David E Blann"

____________________

David E Blann, P.Eng.
President

 
FOR FURTHER INFORMATION PLEASE CONTACT: 

Corporate Office:
David Blann, President
Phone: 604.662.8310
Email: info@happycreekminerals.com


Investor Relations:
Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 243
Toll free: 1.866.684.4743 ext. 243
Email: hugh@ascentacapital.com

This news release has neither been approved nor disapproved by the TSX Venture Exchange. The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of the contents of this news release. This news release may contain statements that are forward looking and subject to risk and uncertainty more fully described in the company's prospectus and public filings located on SEDAR.

 



Ascenta Capital Partners Inc. � Suite 1610, 1066 West Hastings Street � Vancouver � BC V6E 3X1 � Canada

.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Happy Creek Minerals Ltd

EXPLORATION STAGE
CODE : HPY.V
ISIN : CA4113831024
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Happy Creek Min. is a silver and gold exploration company based in Canada.

Its main exploration properties are HAWK, WEST VALLEY and FOX in Canada.

Happy Creek Min. is listed in Canada. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.0 millions, € 1.9 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.34, and its lowest recent point on August 18, 2023 at CA$ 0.02.

Happy Creek Min. has 79 240 000 shares outstanding.

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Nominations of Happy Creek Minerals Ltd
7/8/2009appoints Mr. Charles Chebry as Chief Financial Officer
2/28/2008Appoints Brian Welwood as Director and Chief Financial Offic...
Project news of Happy Creek Minerals Ltd
10/1/2009(Hen)Provides an Update on its Hen Property, B.C.
9/22/2009(Rateria)Announces Drilling is Underway on the Rateria Copper Propert...
8/19/2009(Art-dl)commences exploration on its Highland Valley and Cariboo pro...
6/23/2009(Silverboss)provides additional results from its Silverboss property, B....
6/11/2009(Fox)Provides Additional Results From The Fox Tungsten Molybdenum...
2/24/2009(Art-dl)identifies new gold targets on its Art-DL property, B.C.
2/5/2009(Hen)provides an update on its Hen property, B.C.
1/12/2009(Rateria)drills 177.0 metres of 0.366% copper at the Rateria Property...
12/22/2008(Silverboss)Acquires Mineral Claims Adjoining its Silverboss Property
11/28/2008(Fox)Finds 1.0 Metre of 5.81% Tungsten on Surface at the Fox Prop...
9/16/2008(Rateria)Drills 42.0 metres Grading 0.865% Copper at Rateria Property...
9/12/2008(Rateria)on the Rateria Property, Highland Valley, B.C.
8/5/2008(Rateria)Correction: Happy Creek Completes Option -- Now Owns 100% of...
8/5/2008(Rateria)Completes Option -- Now Owns 100% of Rateria Copper Property
7/22/2008(Rateria)Provides a Drilling Update on the Rateria Copper Property
6/23/2008(Rateria)Commences Drilling on the Rateria Property, Highland Valley,...
3/12/2008(Rateria) Drills 10.35 metres of 1.545% Copper at Rateria Property
3/11/2008(Fox) Intercepts 5.0 metres of 0.33% W03 (Tungsten Trioxide) on F...
2/26/2008(Rateria)Drilling Confirms New Large-Scale Tungsten-Moly System on Fo...
2/21/2008(Fox) Drilling Confirms New Large-Scale Tungsten-Moly System on F...
Corporate news of Happy Creek Minerals Ltd
7/13/2016Happy Creek Announces a Private Placement Financing
6/6/2016Happy Creek finds new tungsten zone on Fox property
5/29/2016Happy Creek to update Fox NI43-101 with new metallurgy resul...
1/4/2016Happy Creek samples 3.56% W03 and expands high grade BK zone...
4/23/2013Happy Creek April 15/13 Article
7/27/2012Happy Creek
1/13/2012Happy Creek News Release and IP images of tungsten deposit.
11/28/2011Happy Creek News Release
11/13/2009Expands Zone 2 in 2009 Highland Valley Drill Program
1/22/2009provides an update on the Hawk Copper-Gold Silver Prospect i...
1/21/2009at 2009 Vancouver Cambridge Conference
5/1/2008Shareholder Letter - May 1, 2008
4/1/2008Provides a Review and Update of Projects and its Plans for 2...
3/31/2008at 2008 Kamloops Explorations Group (KEG) Conference
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