VANCOUVER, Nov. 27 /CNW/ - Happy Creek Minerals Ltd. (TSX-V: HPY) (the
"Company") is pleased to report a new discovery of a large scale tungsten and
molybdenum system on its 100% owned Fox property. To date, tungsten and
molybdenum mineralization has been intersected in all ten drill holes over a
1.5 kilometre distance, 500 metres in width and remains open in extent.
Potential for a large molybdenum porphyry system has also been identified near
the bottom of the drill holes. In addition, positive soil and rock geochemical
results from the Ridley Creek area have identified the continuation of this
tungsten and molybdenum system approximately four kilometers to the north of
the current drilling.
Outcrop, trenching and drilling of ten holes to date indicate that
mineralized zones occur from surface to over 500 metres down dip and
1.5 kilometres along strike and remain open in extent. All ten drill holes
have intersected zones that are between approximately 3.0 and 6.0 metres in
thickness and comprised of quartz, limestone, calc silicate and garnet,
pyroxene, vesuvianite "skarn" containing variable concentrations of scheelite
(tungsten mineral) and molybdenite (molybdenum mineral). Scheelite is fine to
coarse grained, occurs in fractures and disseminated within the skarn.
Molybdenite occurs locally disseminated within pyroxene skarn and in quartz
veins and fractures. Scheelite and molybdenite skarn in the drill core appears
locally similar to rocks dug up during trenching (News Release October 15th
2007) that returned up to 10.44% molybdenum and 4.33% tungsten in boulders. In
general, toward the end of most drill holes there is an increase in fine
grained quartz rich dikes, sills and quartz veins with potassium feldspar
selvages containing molybdenite that in part suggests potential for a
molybdenum porphyry system.
Results from soil geochemical samples shipped on August 21st have been
received for the Ridley Creek grid, located approximately 4 kilometres north
of the current drilling. A total of 471 soil samples contain less than 0.1 to
greater than 100 ppm (parts per million) tungsten, and 0.6 to 47.0 ppm
molybdenum. Background is approximately 2.5 ppm for tungsten and positive
anomalies are those greater than 10.0 ppm tungsten. Two significant tungsten
soil anomalies occur. The new Line 118 showing (News Release October 22nd
2007) returned up to 5.64% tungsten over 0.30 metres at the northeast end of a
soil anomaly that is approximately 150 metres in width and 600 metres in
length and remains open in extent. Importantly, the tungsten bearing skarn
from the Line 118 showing also appears similar locally to that occurring in
drill core four kilometers to the south.
The Company is pleased with the rapid progress made on the Fox property
in 2007, and is preparing for extensive exploration, including additional
drilling during 2008. Based on the turnaround time for samples shipped
August 21, and recently received, drill core results for samples currently
submitted to the lab are expected in two months or more.
This is the first drilling ever conducted on the 100% owned, 225 square
kilometer Fox tungsten-molybdenum property, located approximately
50 kilometres northeast of 100 Mile House in the south central Cariboo, B.C.
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.
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
For further information:
For further information: David E Blann, P.Eng., President, Office phone:
(604) 662-8310, Toll Free Phone: 1-877-662-8310, www.happycreekminerals.com,