Happy Creek Minerals Limited announced additional drill results from exploration of its Rateria property, located in the Highland Valley district south central British Columbia Canada.
The Company has 100% interest in approximately 175 square kilometres of mineral claims that adjoin Teck's Highland Valley Copper mine property. HVC is Canada's largest copper producer and currently mining material with an average grade of around 0.22% copper.
On the Rateria property, Happy Creek has discovered Zone 1 and Zone 2 located approximately 6.5 kilometers south southeast of Teck's producing Highmont mine. Zone 1 is over one kilometer in length and remains open in extent. Zone 2 is located approximately 2.0 kilometers to the northeast of Zone 1. Previous results from Zone 2 include R08-05 with 126.0 meters of 0.46% copper, 0.008% molybdenum and 0.10 gram per tonne gold and R08-01 with 113.0 meters of 0.33% copper and 0.05 gram per tonne gold. In February 2010, Happy Creek was the first in Highland Valley to announce rhenium in drill results.
New drill results from Zone 2 include R11-36 containing 152.5 meters grading 0.26% copper, 0.008% molybdenum, 0.07 gram per tonne gold and 0.67 gram per tonne rhenium, starting at 70.0 meters. This includes 42.5 meters of 0.37% copper, 0.17 gram per tonne gold, 0.025% molybdenum, 1.82 gram per tonne gram per tonne rhenium and 1.87 gram per tonne silver. Important rhenium enrichment is shown in a section of 7.5 meters with 0.11% copper, 0.119% molybdenum and 9.5 gram per tonne rhenium. R11-36 was drilled from the west to east at 60 degrees and is located approximately 175 meters west of R09-06 that contains 92.4 meters of 0.12% copper, 0.011% molybdenum, 0.03 gram per tonne gold and 0.76 gram per tonne rhenium. The zone remains open in extent.
Mr David Blann president and CEO of Happy Creek said that "R11-36 has expanded Zone 2 and it remains open in extent in several directions. It continues to return strong rhenium enrichment in the molybdenite and the additional gold values are positive and geologically interesting. Zone 2 shares similarities with some copper-gold type deposits and we see excellent opportunity with this and numerous other untested targets."
Source - Happy Creek Minerals
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