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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

Marketwired Canada


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.


1 Year Happy Creek Minerals Chart

1 Year Happy Creek Minerals Chart

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1 Month Happy Creek Minerals Chart