Happy Creek Expands Zone 2 in 2009 Highland Valley Drill Program
November 13 2009 - 4:07PM
Marketwired
Happy Creek Minerals Ltd. (TSX VENTURE: HPY) (or 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, P.Eng., President
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.
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.
Contacts: Happy Creek Minerals Ltd. Corporate Office
604.662.8310 Happy Creek Minerals Ltd. James Berard Corporate
Communications 604-687-2767 or Toll free: 1-877-459-5507 Happy
Creek Minerals Ltd. Aaron Konkin Corporate Communications
604-687-2767 or Toll free: 1-877-459-5507
info@happycreekminerals.com www.happycreekminerals.com
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