VANCOUVER, March 12 /CNW/ - Happy Creek Minerals Ltd. (TSXV: HPY)
announces the final 2007 drilling results from its 100%-owned Rateria
Property, located approximately 10 kilometres southeast of Teck Cominco's
Highland Valley mine concentrator.
Drilling continues to outline a new copper zone first discovered in 2006.
Drill hole R07-09 intersected 10.35 metres grading 1.545% copper and R07-13
intersected 189.3 metres containing 0.222% copper, including 84.0 metres
containing 0.302% copper.
Summary of Final 2007 Drill Results
Hole From (m) To (m) Width (m) Copper %
--------- --------- --------- --------- ---------
R07-9 68.5 168.5 100.0 0.285
includes 124.5 168.5 44.0 0.385
R07-10 85.0 158.0 73.0 0.234
includes 142.5 158.0 15.5 0.511
R07-11 114.0 151.0 37.0 0.579
includes 134.05 144.40 10.35 1.545
(*)R07-13 180.67 370.0 189.33 0.222
includes 266.0 350.0 84.0 0.302
In its 2006 annual report, Teck Cominco reported over $1.0 billion
operating profit from material grading 0.412% copper at its 97.5% owned
Highland Valley Copper mine, one of the largest, most efficient copper mines
in the world. Happy Creek's Rateria property is underlain by geology,
alteration and mineralization that is consistent with the Highland Valley type
of deposits that are currently being mined by Teck between six and twelve
kilometres to the northwest.
"These results are significant in the context of being desirable bornite
and chalcocite copper sulphides, with mineralization occurring from surface to
388.0 metres depth and remaining open in extent," says Dave Blann, Happy
Creek's president and CEO. "In addition, we have demonstrated the property's
potential to host higher grades."
Drill core is comprised of quartz diorite of the Skeena and Bethsaida
phase and is cut by Bethlehem phase granodiorite feldspar porphyry. Zones of
fracturing contain quartz veins, sericite-muscovite, kaolinite, and local
k-feldspar alteration, with dominantly bornite and chalcocite copper sulphide
minerals. Bornite and chalcocite are desirable, value-adding minerals within a
copper concentrate. Drill hole R07-13 was drilled at minus 70 degrees eastward
beneath R07-11 (minus 50 degrees to the east). The mineralized zones are
believed to be north-south in orientation and sub-vertical in dip. The final
sample of hole R07-13 returned 0.158% copper at 388.3 metres and the end of
the hole. Drill holes R07-12 and R07-14 were collared approximately 150 and
130 metres further south of R07-13, respectively, and did not intersect the
predicted extension of the mineralized zone. It is believed that a cross
cutting, post mineral fault has displaced the expected trend of the
mineralized zone either west or east of holes R07-12 and 14, and the zone may
continue southwards beyond these holes. A map showing the drill locations will
be placed on the Rateria Property page of Happy Creek's website shortly.
Happy Creek will continue exploration of this zone by drilling and has
completed a 3D induced polarization geophysical survey that expands upon
existing coverage into new areas of the property. The company can now begin to
take advantage of its experience with geology, structure and correlating
existing geophysical surveys with drill results. This will allow the Company
to be better able to define the existing zone and locate new drilling targets
on the property.
Paul Reynolds, P.Geo 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. All drill core was
logged, split and sampled at a secure core facility. On-site personnel collect
and track samples which are sealed and shipped to Acme Analytical Laboratories
Ltd. in Vancouver. Acme's quality control system complies with the
requirements for the international standards ISO 9001:2000. Analytical
accuracy and precision are monitored at the laboratory by the analysis of
reagent blanks, reference material and replicate samples. Quality control is
further assured by the use of international and in-house standards. Blind
certified reference material is inserted at regular intervals into the sample
sequence by on site personnel in order to independently assess analytical
accuracy. Finally, blind duplicate samples are forwarded to Acme for
additional quality control, with the average of the duplicate samples
incorporated into the final results.
On behalf of the Board of Directors,
"David E Blann"
David E Blann, P.Eng.
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.
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