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VANCOUVER, March 28 /CNW/ - Happy Creek Minerals Ltd. (TSX-V: HPY) (the
"Company") is pleased to provide exploration results from the Company's 100%
owned Silverboss property that adjoins the Boss Mountain molybdenum mine
formerly operated by Noranda Inc., approximately 70 kilometres northeast of
100 Mile House in the south central Cariboo, British Columbia. In early 2004,
Noranda dropped its mineral claims, retaining the mine leases that contain the
former workings and tailings pond. The Silverboss property covers these former
Noranda claims that are locally within 350 metres of an open pit.
Exploration in 2006 comprised prospecting, geology, grid establishment
and the collection of 965 soil and 36 rock samples. This work has identified
potential for new, large scale molybdenum deposits to occur adjacent the
former Boss Mountain molybdenum mine with rock samples returning up to 0.637%
Molybdenum in soil ranges from 0.1 to 349.3 ppm (parts per million), and
values above 17 ppm are statistically anomalous. Copper in soil ranges from
10 to 439 ppm, and values above 97 ppm are statistically anomalous. Tungsten
in soil ranges from (*) 0.1 to greater than 100.0 ppm, and values above 7.7 ppm
are statistically anomalous. Three areas contain coincident (overlapping)
molybdenum, copper and tungsten in soil that support the presence of
underlying mineralization. Well defined anomalies of molybdenum in soil cover
an area approximately 100-350 by 700 metres, 100 by 350 metres, and 350 by
600 metres in anomaly A, B, C, respectively, and all remain open in extent.
Outcrop and subcrop quartz veins, approximately 5 to 30 cm in width occur
within the soil anomaly and in areas not covered by the soil grid, returning
trace to 0.637% molybdenum, and trace to 0.42 g/t gold.
Quartz veins containing molybdenum, favorable geology and alteration
together with the soil anomalies form a northeast trending zone over three
kilometres in length, 500 metres in width that remains open in extent.
In addition to the molybdenum potential of the property, recent
exploration by the Company has identified gold values associated with quartz
veins that may represent a distal expression of the molybdenum porphyry
system. Gold values in soil range from 0.1 to 7184.0 ppb (parts per billion)
and values above 10.6 ppb are statistically anomalous. A soil sample near the
Dogtooth and East Breccia zones returned 7184 ppb and 1864 ppb (approximately
7.1g/t and 1.8 g/t) gold respectively. In proximity to the gold in soil
anomalies, outcrop and float of quartz vein material has returned values from
trace to 53.18 g/t gold, 365.0 g/t silver in a grab sample and 9.29 g/t gold,
27.3 g/t silver over 1.17 metres. Other similar quartz veins within this area
have returned between 1.0 and 5.82 g/t gold.
A zone of anomalous gold in soil and rock occurs in an area approximately
1.5 kilometres in length and over 500 metres in width, remains open in extent
and lies generally beyond the molybdenum in soil anomalies.
Approximately 2.0 kilometres to the southeast of the soil grid in the
South Ridge area, a grab sample from a new zone of quartz veinlets returned
7.26 g/t gold, 140.0 g/t silver.
Geology, soil and rock sampling by the Company in 2006 has identified
potential for a large scale molybdenum porphyry system having overall
dimensions of over 3 kilometres in length and 500 metres in width that has
significantly increased the target size of the property. In addition, the size
of the zone containing gold in soil and rock samples with anomalous to locally
high grade gold and silver values suggest potential for an intrusion-related
or lower temperature gold system that lies outboard of the molybdenum zone.
Further exploration is planned to consist of geology, fill-in and
expanding the soil geochemical survey, induced polarization and magnetic
geophysical surveys followed by trenching and diamond drilling.
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. (*) ICP analysis is partial
On behalf of the Board of Directors,
David E Blann, P.Eng.
This News Release has neither been approved nor disapproved by the
TSX-Venture Exchange whom does not accept responsibility for the accuracy
or adequacy therein. 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: Investor Relations, Terry Severs, Phone: (604)
669-2991, Office phone, (604) 662-8310, www.happycreekminerals.com,