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Happy Creek Minerals Ltd. (TSXV:HPY) announced new results from the Rateria property, including R11-23, located in the south central part of Zone 1, which returned 12.5 metres of 0.59% copper, 3.9 g/t silver, and 0.11 g/t rhenium ending at 380.0 metres.
As quoted in the press release:
New results include R11-23, located in the south central part of Zone 1, which returned 12.5 metres of 0.59% copper, 3.9 g/t silver, and 0.11 g/t rhenium ending at 380.0 metres. It is thought that the hole only partially cut into the main mineralized zone. In the northern part of Zone 1, R11-24 intersected 75.0 metres of 0.21% copper within a mineralized zone of 212.5 metres containing 0.12% copper that remains open in extent at 447.0 metres. At the south end of Zone 1, R11-28 returned 40.0 metres of 0.28% copper and another 22.5 metre interval of 0.20% copper near the end of the hole at 505.0 metres. Overall, R11-28 contains a mineralized zone of 307.8 metres with 0.10% copper. Importantly, this hole is an undercut of R07-14 that returned positive geology and 0.03% copper to the end of the hole at 200.0 metres. As with other longer holes in Zone 1, R11-24 and R11-28 indicate the size of Zone 1is increasing substantially at depth. R11-26 is the furthest step out hole to the south and intersected 55.0 metres of 0.15% copper starting at 62.5 metres. Moderate to strong sericite alteration and locally positive copper values occur to the end of the hole at 407 metres. Geophysical results indicate a large target occurs beneath the end of R11-26, and is thought to represent the core of Zone 1 mineralization continuing to the south at depth. Deeper drilling in this and other areas of Zone 1 is planned.
Happy Creek President and CEO David Blann said:
“Drilling during 2011 was successful in defining continuous copper mineralization in Zone 1 to 1.2 kilometres in length. Longer holes are showing Zone 1 is a much larger copper system than previously thought, and its ultimate size still remains unknown. It is important to keep in mind this is a new discovery with similar geology to the very large deposits to the north, and about 6.5 kilometres from one in production.”
Click here to read the Happy Creek Minerals Ltd. (TSXV:HPY) press release
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