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HPY Happy Creek Minerals Ltd

0.055
0.00 (0.00%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Happy Creek Minerals Ltd TSXV:HPY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.055 0.05 0.06 0 13:57:52

Happy Creek Provides an Update on its Hen Property, B.C.

01/10/2009 7:09pm

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Happy Creek Minerals (TSXV:HPY)
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Happy Creek Minerals Ltd. (TSX VENTURE: HPY) (the "Company") announces it has completed 842 metres of trenching 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

The Company recently completed 371 metres in 12 trenches covering portions of a positive 3D Induced Polarization (3D IP) and magnetic geophysical anomaly and widespread positive copper, lead and zinc values in soil and surface rock samples. This prospective area is approximately one kilometre by one kilometre in dimension and is part of a much larger mineralized system that remains open in extent. Trenches were located on the west and east side of a northerly trending swampy area that is approximately 500 metres to a kilometre in width and over two kilometres in length.

Geologically, the Anomaly Creek area is underlain by the northerly trending contact between rocks of monzodiorite to quartz diorite composition and volcanic and minor sedimentary rocks of the Nicola Group. Dykes of intermediate to mafic composition cut the volcanic and intrusive rocks. All rocks are moderate to strongly fractured and contain variable amounts of dominantly quartz and sericite alteration minerals that are either in veinlets or disseminated. Trace to 15% pyrite (iron sulphide), and variable concentrations of gypsum and chalcopyrite (copper sulphide), sphalerite (zinc sulphide), and galena (lead sulphide) occur in all trenches.

The results to date from the Anomaly Creek prospect are thought to reflect potential for a new bulk tonnage copper deposit that remains untested by drilling.

The Hen Prospects

To the east of the Anomaly Creek prospect, the Hen and Ledge prospects were trenched with 471 metres in 11 trenches. This work was focused on the Dyke zone, where previous chip sampling returned 3.5 metres grading 3.46 g/t gold that remained open in extent, and grab samples contain up to 35.0 g/t gold. Further east, the Ledge and Southeast skarn showings have returned grab samples containing a large number of geochemically anomalous samples (greater than 40 parts per billion) up to 1.10 g/t gold.

These positive gold values occur along a three kilometre easterly trending zone of hornfelsed, calc silicate and quartz-carbonate altered volcanic and sedimentary rocks and contain abundant pyrrhotite, pyrite (iron sulphides) and locally arsenopyrite (arsenic sulphide), stibnite (antimony sulphide) and chalcopyrite (copper sulphide) trace elements.

Complete analytical results from the 2009 trenching program are expected within four to six weeks.

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 info@happycreekminerals.com www.happycreekminerals.com Ascenta Capital Partners Inc. Hugh Oswald Investor Relations 604.684.4743 ext. 243 or Toll free: 1.866.684.4743 ext. 243

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