VANCOUVER, Dec. 11 /CNW/ - Happy Creek Minerals Ltd. (TSX-V: HPY) (the
"Company") has completed a small reconnaissance diamond drilling program on
its 100% owned Hawk copper gold property, located approximately 40 kilometres
northeast of 100 Mile House in the south central Cariboo, B.C. Drilling has
confirmed the property hosts potential for a bulk tonnage style copper gold
deposit and contains geology that is similar to other producing mines in B.C.
such as Kemess, Mount Polley, Afton, or Copper Mountain. In addition, the
Company has hired an investor relations firm, Ascenta Capital Partners Inc.
During 2007 the Company completed a 3D induced polarization (IP)
geophysical survey over an under explored portion of the Hawk property.
Results of this survey suggest a large area is underlain by positive
geophysical responses consistent with other known porphyry copper gold
deposits in B.C., and remain open in extent. A geophysical plan map and
section from this survey are now posted onto the Company website (see
Projects-Hawk property-maps and photos).
In November 2007, the Company performed three short drill holes totaling
approximately 380 metres (average approximately 115.0 metres depth). The drill
holes were located in the southwest portion of the property. Drill hole 07H-01
is located on Line 5000 north 1250 east and was lost at a depth of
115.8 metres. Drill holes 07H-02 and 07H-03 are located near Line 4600 north,
800 east, and just west of the survey grid. Two of the three holes were lost
and difficult drilling conditions in part prevented achieving the planned
depth. Drill core is comprised of strongly fractured and broken, variably
propylitic to potassic altered Nicola Group volcanic breccia containing trace
to 5% pyrite, abundant magnetite, and trace bornite-chalcopyrite (copper
sulphides). Historical drill results include 0.61 metres containing 2.0%
copper, 6.13 g/t gold and 28.0 g/t silver on the western side of the property.
Surface rock samples have returned up to 4.5 % copper and 18.0 g/t (grams per
tonne) gold, 105.7 g/t silver in boulders.
Due to the difficult drilling conditions and time of year, the contractor
elected not to continue with drilling, and the majority of the large IP
geophysical anomaly remains untested. The expansion of the IP geophysical
survey and continued drilling is planned in 2008. Further details will be
released once all analytical results are received from the laboratory.
The Company is pleased to announce it has hired Ascenta Capital Partners
Inc. to engage in investor relations services. Ascenta is a leading provider
of investor relations services to public companies in Canada. Ascenta's
strength is its disciplined approach to the development and execution of
strategic, customized investor relations programs and services. For additional
details, please refer to their website: www.ascentacapital.com. For these
services, the Company has agreed to pay $6,000 per month and has granted up to
200,000 incentive options at a price of $0.40 per share. Twenty five thousand
options will vest initially with 25% vesting every three months thereafter.
This contract is for a term of up to one year and is subject to TSX Venture
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,