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Happy Creek Minerals Ltd V.HPY

Alternate Symbol(s):  HPYCF

Happy Creek Minerals Ltd. is engaged in the exploration and development of mineral properties in British Columbia (BC), Canada. The Company’s projects include the Highland Valley and Cariboo properties. The Highland Valley project consists of approximately 23,449 hectares(ha) and is located 35 kilometers (km) north of Merritt, south central BC, Canada. The Cariboo properties include Fox property, Hawk property, Hen and Art-DL property and Silverboss property. The Fox property is located approximately 70 km northeast of 100 Mile House in the south Cariboo region of BC, Canada. The Hawk property is located approximately 36 km northeast of 100 Mile House, south central BC, Canada. The Hen and Art-DL property is located about 16 km southeast of the Boss Mt. The Silverboss property is located approximately 85 km northeast of 100 Mile House in south central BC. It also holds Mystery Lake property and adjoins the Rateria property to the northwest of the Company’s Zone two (2) deposit.


TSXV:HPY - Post by User

Bullboard Posts
Post by rod777on Jan 13, 2010 7:55pm
593 Views
Post# 16676058

HPY NEWS AFTER MARKET

HPY NEWS AFTER MARKETJanuary 13, 2010 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") is pleased to announce additional soil geochemical results performed on its Golden Ledge property (formerly called the Art-DL) that is approximately 40 square kilometres in area and adjoins to the north Skygold Ventures Ltd.'s Spanish Creek-Thunder Ridge gold-silver property. These are located approximately 45 kilometres northeast of 100 Mile House, in south central British Columbia. Excellent, year-round road access and industrial scale power nearby are positive aspects of infrastructure in this area.

During 2009, 169 soil samples were collected along lines 200 metres apart and samples were taken at 50 metre intervals. This reconnaissance scale grid expanded to the south a 2008 soil geochemical survey. Positive values for soil samples (greater than 90th percentile) are greater than 12.2 ppb (parts per billion) gold and 1.1 ppm (parts per million or g/t) silver. Soil samples range from less than 0.5 ppb up to 282.7 ppb gold and less than 0.1 up to 15.7 ppm silver.

Previous soil sampling from directly above the DL adit returned up to 1,000 ppb (1.0 g/t) gold and stream sediment samples have returned up to 882.7 ppb (0.88 g/t) gold. A compilation of results indicate significant areas contain positive gold and silver values in soil. Maps of the gold and silver geochemical results are provided on the Company's website at www.happycreekminerals.com. Positive gold and silver values occur at the northern end of the surveyed area as individual samples and over 100 and 200 metre widths that remain open in extent to the north. At the south end of the surveyed area five samples contain 2.6 to 3.2 g/t silver over an 800 metre width. These positive results remain open in extent for 2.0 kilometres southward to the property boundary with Skygold Ventures' Spanish Creek-Thunder Ridge zone.

Approximately 350 metres south of the Golden Ledge property, Skygold Ventures Ltd. has reported that diamond drill hole SC017 returned 7.5 metres grading 8.84 g/t (grams per tonne) gold, with an additional 1.5 metres grading 9.45 g/t gold. Approximately 400 metres northeast of SC017 and 150 metres south of the Golden Ledge property, SC023 returned 24.5 metres of 1.08 g/t gold. The historical DL adit (tunnel with only one entrance) on the Golden ledge property has returned up to 42.9 g/t gold over 1.0 metre and up to 620 g/t silver in grab samples.

David Blann, president of Happy Creek states "The geology underlying this area has already generated over 4 million ounces of gold in resources and numerous positive drill results to the north and directly south of the Golden Ledge property, respectively. We anticipate an aggressive exploration program on our 5 kilometre portion of this new large scale orogenic gold-silver system, including the un-explored 2.0 kilometre gap between the significant drill results at Thunder Ridge and Happy Creeks' positive surface results."

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. Analytical results are provided by Acme Analytical Laboratories of Vancouver, B.C., using standard -80 mesh sieve preparation, with a 0.5 gram sample digested by aqua regia and analyzed by ICP-MS.

About Happy Creek Minerals

Happy Creek Minerals is a diversified metals exploration company with mineral properties that are either owned 100% or under option to own 100% and are in proximity to important mines and resource based infrastructure in B.C. Canada. The Company has over 140 square kilometers that adjoin Teck Resources Ltd.'s Highland Valley copper mine property, and 130 square kilometres that surround the former high grade Boss Mountain molybdenum mine (Xstrata PLC). In addition, the Company has properties that contain a significant new discovery of tungsten-molybdenum, a bulk tonnage copper-gold property that was optioned out in 2009, and two early stage properties thought to host large scale base metal and gold potential, respectively.

On behalf of the Board of Directors,

"David E Blann"
David E Blann, P.Eng.
President
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