VANCOUVER, Feb. 26 /CNW/ - Happy Creek Minerals Ltd. (TSXV: HPY) (the
"Company") is pleased to announce additional drilling results recently
received from the 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 100.0 metres containing 0.285% copper, including
44 metres containing 0.385% copper and drill hole R07-11 includes an
intersection of 37.0 metres containing 0.581% copper.
Summary of 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 0.230
includes 142.5 158.0 15.5 0.490
R07-11 114.0 151.0 37.0 0.581
Importantly, the Rateria property is underlain by geology, alteration and
mineralization that is consistent with the Highland Valley type of deposits
that are currently being mined between six and twelve kilometres to the
northwest. 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 R07-09 is an approximate 150 metre
southward step out from hole R07-05, which intersected 134.0 metres containing
0.16% copper, including 33.5 metres of 0.31% copper (Refer to news release
July 20, 2007). Drill hole R07-10 is approximately 125 metres south of R07-09,
and R07-11 is approximately 125 metres south of R07-10. These drill holes were
directed to the east, at dips of approximately minus fifty degrees across the
northerly trend of the zone. Results from two additional drill holes are
The Company feels these results are significant in the context of being
desirable bornite and chalcocite copper sulphides, near surface, and within
ten kilometres of Teck Cominco's existing copper concentrator. These drill
intersections occur along a predicted structural corridor for a minimum strike
length of 400 metres. Encouraged with these results, Happy Creek will continue
drilling this zone and has initiated additional 3D induced polarization
geophysical surveys to cover new areas of the property recently identified as
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.
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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