Happy Creek Minerals Ltd

Published : June 11th, 2009

Provides Additional Results From The Fox Tungsten Molybdenum Property

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Happy Creek Provides Additional Results From The Fox Tungsten Molybdenum Property

June 11, 2009 -- Vancouver, British Columbia -- Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") is pleased to announce additional results from its 100% owned Fox tungsten-molybdenum property, located approximately 30 kilometres east of the past producing Boss Mountain molybdenum mine in south central British Columbia, Canada.  The favorable location, geology, large scale and grades obtained to date are thought to reflect positively on its resource potential. *Recent prices for W03 (tungsten trioxide) and molybdenum are around US$9.00/lb, respectively. 

In 2007 at the Nightcrawler-Discovery zone, the first drilling ever performed on the property returned positive results including 5.0 metres of 0.33% W03, 2.0 metres of 0.74% W03, 2.0 metres of 0.48% W03, 0.50 metres of 1.8% W03 and 1.7 metres of 0.51% molybdenum. Tabular shaped blocks of subcrop have returned values up to 12.778% molybdenum and 5.46% W03 and mineralization comes to surface. To date, thirteen widely spaced drill holes have returned anomalous to potentially economic values of tungsten or molybdenum in an area approximately 1.5 kilometres by 500 metres in dimension that remain undefined and open in extent. Geologically, this area is underlain by metasediment and calc silicate rocks that contain tungsten-molybdenum skarn and an important intrusive rock that is similar in age and associated mineralization as at the Boss Mountain mine to the west. 

Results

The Ridley Creek area is approximately four kilometres north of the Nightcrawler-Discovery zone, and exploration in 2008 included soil geochemical surveys that filled-in and expanded upon the positive 2007 results. Here, three new showings over a distance of three kilometres, returned values up to 0.20 metres of 6.47% W03, 3.5 metres of 2.56% W03 and 1.0 metre of 3.70% W03, respectively (see press release dated November 28th, 2008 for additional results). 

Soil geochemical samples were taken at 50 metre intervals along lines 100 to 200 metres apart. Positive tungsten values in soil are greater than 95th percentile, or 11 to greater than 100 ppm (parts per million) tungsten (W) **. One well defined northerly trending tungsten anomaly is 350 metres in width and1.2 kilometres in length. It continues an additional 2.0 kilometres northward where it remains open in extent to the west and includes the known mineralized zones described above. 

Positive molybdenum values in soil are greater than 95th percentile, or 10.8 to 47.7 ppm molybdenum (Mo).  Several positive anomalies occur that in part overlap the tungsten, with the largest approximately 800 metres in length and 400 metres in width. Other positive anomalies are approximately 1.2 kilometres in length, 100 metres in width and 1.4 kilometres in length and 100 metres in width.  On the southwest side of these soil anomalies an outcrop of the intrusive rock containing quartz veins returned 0.170% molybdenum. 

Geologically, the Ridley Creek area is comprised of the apex and north flank of the intrusive rock that is overlain to the north by meta-sediment and calc silicate rocks that host tungsten skarn and this setting is similar to the Nightcrawler-Discovery zone, four kilometres to the south. The size and well defined, continuous nature of the soil anomalies together with the known outcrops containing significant tungsten suggest potential for continuous zones of this mineralization over a large distance. In addition, the strong values in soil and rock samples and an intrusive rock that is similar to the Boss Mountain mine are positive for bulk tonnage molybdenum deposits.

Overall, the Fox property is underlain by a tungsten-molybdenum system that is approximately ten kilometres by three kilometres in dimension, and is felt to represent a significant new prospect in western Canada.  During 2009, compilation, detailed geological mapping and geochemical sampling is planned for the Ridley Creek and Nightcrawler-Discovery zones in preparation for 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. 

 
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

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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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 16, 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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