The Conversation (0)
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. The Rateria property is located in the Highland Valley district of south central British Columbia, Canada.
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.”
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