Happy Creek Minerals Ltd

Published : November 13th, 2009

Expands Zone 2 in 2009 Highland Valley Drill Program

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

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Happy Creek Expands Zone 2 in 2009 Highland Valley Drill Program

November 13, 2009 -- Vancouver, British Columbia -- Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") announces the completion of its 2009 drill program on its Rateria property that adjoins Teck Resources Ltd.'s Highland Valley copper mine property and is approximately ten kilometres southeast of the concentrator, in south central British Columbia. The Highland Valley Copper mine is North America's third largest copper producer. 

The 2009 Diamond drilling program totaled approximately 2,000 metres in nine holes. The objectives of the program were to test for mineralization in a five kilometre long and 500 metre to one kilometre wide portion of the property in which Zone 2 occurs at the northern end, and test the new "High-Res" target located to the east of Zone 2. Drill core assay results are pending for the drill program.

Three drill holes in Zone 2 have expanded its length from 200 to over 450 metres. Copper minerals are dominantly bornite and chalcocite (copper sulphides). During 2008, the first drilling in Zone 2 returned two higher grade intervals including 27.0 metres containing 1.05 percent copper, 0.02 percent molybdenum, 5.0 g/t (grams per tonne) silver and 0.24 g/t gold, and 17.5 metres containing 1.12 percent copper, 0.01percent molybdenum, 5.46 g/t silver and 0.02 g/t gold. These intervals occur within a mineralized envelope containing 177.0 metres grading 0.37 percent copper and 103 metres grading 0.33 percent copper, respectively. Currently, Highland Valley Copper is profitably mining an average grade of 0.32% copper (SEDAR: TCK third quarter MD&A).  Zone 2 remains undefined and open to expansion in several directions. Geophysical and geological information strongly suggests Zone 2 may be over one kilometre in length, with a 500 metre portion that is untested by drilling. Importantly, Zone 2 contains elevated molybdenum, gold and silver credits that occur with the copper values. 

Further to the southwest of Zone 2, four widely spaced reconnaissance holes within a three kilometre portion of a large geological corridor contain favorable degrees of fracturing and alteration with minor concentrations of bornite, chalcocite and chalcopyrite copper minerals. During 2008, two drill holes within this corridor returned 114.0 metres grading 0.09% copper and 334 metres grading 0.07% copper, respectively. The 2008 and 2009 drill holes are thought to reflect excellent potential for copper deposits to occur within this corridor and large areas remain untested by drilling.

One drill hole tested the new "High-Res" target approximately two kilometres to the east of Zone 2. Drill core contains bornite and chalcopyrite near the top of the hole, and starting around 75 metres depth, reasonably consistent trace concentration of very fine grained native copper to 200 metres depth and the end of the hole. The High-Res target is overall approximately 1.2 kilometres by 1.6 kilometres in dimension, and the Company considers this first drill hole as positive and reflecting potential for significant copper mineralization in a different geological setting than Zone 2. 

Previous drilling results from Zone 1 include 100.0 metres grading 0.29 percent copper, 84.0 metres of 0.30 percent copper, and 10.4 metres grading 1.55 percent copper. Several holes ended in copper mineralization, and this zone also remains undefined and open in extent.

Happy Creek has assembled a 100 percent interest in over 140 square kilometres of mineral claims that are close to North America's third largest copper producer. The property is largely covered by glacial till from approximately three to over thirty metres in thickness, and the most effective exploration method has been to perform geophysical surveys followed by drilling. Happy Creek has discovered by drilling two new zones containing significant copper and associated molybdenum, silver and gold values that remain open in extent, and identified several other prospective targets. Complete results for the 2009 drill program are expected within six to eight weeks.  The Rateria property is now fully permitted for up to 26 drill holes during 2010, and further drilling is planned.

The Company also wishes to announce it has engaged Strike Communications Inc., a Vancouver based investor relations firm. The Company has also granted a total of 650,000 options exercisable at a price of $0.12 per share for a period of five years to directors, officers, employees and consultants to the Company. 

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


Corporate Communications:
HJames Berard or Aaron Konkin
Phone: 604.687.2767
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.

 



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

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Data and Statistics for these countries : Canada | All
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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$ 3.2 millions as of today (US$ 2.5 millions, € 2.2 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, 2022 at CA$ 0.04.

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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