Happy Creek Minerals Ltd

Published : February 05th, 2009

provides an update on its Hen property, B.C.

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Antimony | Canada | Copper | Gold | Gold Mine | Iron | K Street | Lead | Molybdenum | Silver | Zinc |

To view this email as a web page, go here.


Happy Creek provides an update on its Hen property, B.C.

February 5, 2009 -- Vancouver, British Columbia -- Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") is pleased to announce it has completed the 2008 exploration on its 100% owned Hen property, located approximately 45 kilometres northeast of 100 Mile House, and ten kilometres southeast of the former Boss Mountain molybdenum mine, in south-central British Columbia, Canada.

The Anomaly Creek Prospect
During 2008, the Company completed a 3D Induced Polarization (3D IP) and magnetic geophysical survey on the Anomaly Creek prospect on the western side of the Hen property. This work has outlined strong values between 15 to greater than 35 milliseconds in an area of approximately 1.44 square kilometres that remains open in extent. Importantly, this area was previously determined to contain positive copper, lead, zinc, silver and gold in soil and rocks. The geological setting consists of the northerly trending contact between intrusive, monzodiorite in composition to the west and Nicola Group volcanic and minor sedimentary rocks to the east. Dykes of intermediate to mafic composition cut the volcanic rocks. Near the contact, intrusive rocks are fractured and contain quartz, chlorite, epidote, magnetite and k-feldspar alteration minerals, along with trace pyrite (iron sulphide), chalcopyrite and bornite (copper sulphides). An approximately 500 metre wide area of the actual contact zone is covered with glacial till in low, swampy ground. To the east, outcrops of volcanic and sedimentary rocks are hornfelsed and contain chlorite, epidote, pyroxene, garnet, quartz, k-feldspar alteration minerals, and trace to 5% pyrite, pyrrhotite (iron sulphide), chalcopyrite, sphalerite (zinc sulphide) and galena (lead sulphide).

The Anomaly Creek prospect is believed to host potential for a new bulk tonnage copper-gold deposit that remains untested by trenching or drilling. A plan map and sections of the IP survey are posted to the website www.happycreekminerals.com.

The Hen Prospects
Between 1994 and 1996, exploration at the main Hen showings focused on several showings exposed by a logging road. Trench B returned 2.1 metres of 3.98 g/t (grams per tonne) gold, and drillhole 96-3 intersected 0.80 metres grading 2.08 g/t gold approximately 200 metres beneath this trench. Drillhole 94-1 intersected 8.0 metres containing 0.86 g/t gold.

During 2008, some fill-in sampling of core from drill hole 96-4, located approximately 200 metres east of Trench B, returned 0.86 metres grading 1.96 g/t gold. Soil sampling in 2008 returned values of 1.41, 2.65, and 0.027 g/t gold on three grid lines, respectively, that define a potential 500 metre long, northeast trending zone extending from Trench B. Positive gold in soil anomalies occur elsewhere that remain unexplained.

Other gold-bearing outcrop and boulders occur east of the main zone. Previous chip sampling at the Dyke showing returned 3.5 metres grading 3.46 g/t gold that remains open in extent, and grab samples have returned up to 35.0 g/t gold. Further east, the Ledge and Southeast skarn showings have returned grab samples containing 1.10 g/t gold and 1.14 g/t gold, respectively. Rock sampling in 2008 returned 0.96 g/t gold in a new area located between the Dyke and Ledge zones, and 0.99 g/t gold at the southeast skarn.

These positive gold values occur in mafic volcanic rocks, sediment, and limestone of the Nicola Group, that are Upper Triassic-Lower Jurassic in age. Along a three kilometre easterly trending contact, these rocks are cut to the south by a hornblende monzodiorite intrusion, early Cretaceous in age, and dykes and sills of more felsic composition. The volcanic rocks and sediment are hornfelsed, calc silicate and quartz-carbonate altered and contain abundant pyrrhotite and locally arsenopyrite (arsenic sulphide) and stibnite (antimony sulphide) trace elements. Petrography of several samples support potential for a calcic gold skarn to occur.  The Hen prospects bear some similarities with calcic gold skarn hosted in Nicola Group rocks at the Nickleplate-Mascot gold mine near Hedley and Keremeos, B.C., where approximately 2.5 million ounces of gold was produced.

The Company feels the Hen property holds potential for several mineral deposit types, including bulk tonnage copper-gold to the west and calcic gold skarn to the east, and is fully permitted for trenching and 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

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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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$ 3.6 millions as of today (US$ 2.9 millions, € 2.5 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.34, and its lowest recent point on December 24, 2008 at CA$ 0.04.

Happy Creek Min. has 79 240 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (HPY.V)
0.045+12.50%
TSX-V
CA$ 0.045
08/04 13:02 0.010
12.5%
Prev close Open
0.040 0.045
Low High
0.045 0.045
Year l/h YTD var.
0.030 -  0.075 28.57%
52 week l/h 52 week var.
0.030 -  0.075 -25.00%
Volume 1 month var.
2,000 12.50%
24hGold TrendPower© : 37
Produces
Develops
Explores for Copper - Gold - Molybdenum - Silver - Tungsten
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/7/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-35.71%
2021-30.00%0.130.07
20200.00%0.150.06
2019-33.33%0.170.08
2018-16.67%0.230.13
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.02-0.35%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.59-2.26%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.54-2.34%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58+0.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02-25.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.70-4.93%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.81-2.01%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+3.51%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.28+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.06-3.74%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 58.87+2.35%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :