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Happy Creek Minerals Ltd

Publié le 05 février 2009

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

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Mots clés associés :   Canada | Copper | K Street | Zinc |

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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

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Happy Creek Minerals Ltd

EXPLORATEUR
CODE : HPY.V
ISIN : CA4113831024
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Happy Creek Min. est une société d’exploration minière d'argent et d'or basée au Canada.

Ses principaux projets en exploration sont HAWK, WEST VALLEY et FOX au Canada.

Happy Creek Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 3,2 millions CA$ (2,3 millions US$, 2,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,34 CA$, et son plus bas niveau récent le 18 août 2023 à 0,02 CA$.

Happy Creek Min. possède 79 240 000 actions en circulation.

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Nominations de Happy Creek Minerals Ltd
08/07/2009appoints Mr. Charles Chebry as Chief Financial Officer
28/02/2008Appoints Brian Welwood as Director and Chief Financial Offic...
Projets de Happy Creek Minerals Ltd
01/10/2009(Hen)Provides an Update on its Hen Property, B.C.
22/09/2009(Rateria)Announces Drilling is Underway on the Rateria Copper Propert...
19/08/2009(Art-dl)commences exploration on its Highland Valley and Cariboo pro...
23/06/2009(Silverboss)provides additional results from its Silverboss property, B....
11/06/2009(Fox)Provides Additional Results From The Fox Tungsten Molybdenum...
24/02/2009(Art-dl)identifies new gold targets on its Art-DL property, B.C.
05/02/2009(Hen)provides an update on its Hen property, B.C.
12/01/2009(Rateria)drills 177.0 metres of 0.366% copper at the Rateria Property...
22/12/2008(Silverboss)Acquires Mineral Claims Adjoining its Silverboss Property
28/11/2008(Fox)Finds 1.0 Metre of 5.81% Tungsten on Surface at the Fox Prop...
16/09/2008(Rateria)Drills 42.0 metres Grading 0.865% Copper at Rateria Property...
12/09/2008(Rateria)on the Rateria Property, Highland Valley, B.C.
05/08/2008(Rateria)Correction: Happy Creek Completes Option -- Now Owns 100% of...
05/08/2008(Rateria)Completes Option -- Now Owns 100% of Rateria Copper Property
22/07/2008(Rateria)Provides a Drilling Update on the Rateria Copper Property
23/06/2008(Rateria)Commences Drilling on the Rateria Property, Highland Valley,...
12/03/2008(Rateria) Drills 10.35 metres of 1.545% Copper at Rateria Property
11/03/2008(Fox) Intercepts 5.0 metres of 0.33% W03 (Tungsten Trioxide) on F...
26/02/2008(Rateria)Drilling Confirms New Large-Scale Tungsten-Moly System on Fo...
21/02/2008(Fox) Drilling Confirms New Large-Scale Tungsten-Moly System on F...
Communiqués de Presse de Happy Creek Minerals Ltd
13/07/2016Happy Creek Announces a Private Placement Financing
06/06/2016Happy Creek finds new tungsten zone on Fox property
29/05/2016Happy Creek to update Fox NI43-101 with new metallurgy resul...
04/01/2016Happy Creek samples 3.56% W03 and expands high grade BK zone...
23/04/2013Happy Creek April 15/13 Article
27/07/2012Happy Creek
13/01/2012Happy Creek News Release and IP images of tungsten deposit.
28/11/2011Happy Creek News Release
13/11/2009Expands Zone 2 in 2009 Highland Valley Drill Program
22/01/2009provides an update on the Hawk Copper-Gold Silver Prospect i...
21/01/2009at 2009 Vancouver Cambridge Conference
01/05/2008Shareholder Letter - May 1, 2008
01/04/2008Provides a Review and Update of Projects and its Plans for 2...
31/03/2008at 2008 Kamloops Explorations Group (KEG) Conference
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