1.09% copper, 0.19 g/t gold, 4.50 g/t silver Intersected Over 5.0 metres on a 200 metre Step Out Hole at Happy Creek’s Rateria Property
Additional drill results from exploration of the Happy Creek Minerals Ltd. (TSXV:HPY) Rateria property include new results from Zone 2 drill hole R11-35 with 5.0 metres containing 1.09% copper, 0.19 g/t (grams per tonne) gold, 4.5 g/t silver and 0.06 g/t rhenium, starting from 252.5 metres that is located approximately 200 metres from any previous drilling.
As quoted in the press release:
New results from Zone 2 are from drill hole R11-35 with 5.0 metres containing 1.09% copper, 0.19 g/t (grams per tonne) gold, 4.5 g/t silver and 0.06 g/t rhenium, starting from 252.5 metres that is located approximately 200 metres from any previous drilling. Moderate potassic and pervasive sericite alteration along with copper and locally elevated molybdenum, gold, silver and rhenium values occur from surface to the end of the hole at 358.75 metres and remain open in extent. The first 300.5 metres of core average 0.05% copper, and the final 36.3 metres averages 0.06% copper, 0.10 g/t rhenium, and mineralization remains open in extent. Results include a 2.5 metre interval with 0.42% copper, 0.005% molybdenum and 1.28 g/t rhenium that indicate strong enrichment of rhenium in the molybdenite and potential proximity to a porphyry system.
Happy Creek President and CEO David Blann said:
“R11-35 has expanded Zone 2 by 200 metres with another interval containing over 1.0% copper. The long, continuous geochemically elevated copper values and presence of rhenium are thought to be important reflections of a porphyry system, and we continue to see the opportunity for gold to play a role in the potential here. Zone 2 is the Company’s second new find on the property that has returned potentially economic results and is about 6.5 kilometres from the Highmont mine that is currently in production.”