I'm pumped here.Gals and Guys,
I've been sitting back as other gold plays...CAN, VEN, KAM, UW, went ballistic. Lucky to have a little of VEN. Can't get them all. Disclaimer: I have mentioned the following stock on a few other boards so don't group me with spammers. I am legit here and very excited about HPY for 2 main reasons.
1. HPY is cheap. 23 to 30 cents.
2. HPY is funded with $2.3 million.
3. HPY management has been doing everything they said they would so far.
4. HPY has announced today they'll be drilling their gold property, the Golden Ledge in a few weeks.
5. HPY's gold property has had showings of up to 42 gram gold. Recent 1400+ samples have shown up to 1.87 gram gold and 25 gram silver.
6. HPY's property is only 100 meters from SPA's very good drill hole.
7. Prospect extends for over 5 kilometers.
8. HPY has been currently drilling their Rateria Copper Property too(hitting 0.3% copper, which is more than what Teck is mining a few miles away. Teck is mining 0.26% copper at their Highland Valley Copper Mine and making almost $200 million per quarter). The market is not recognizing this yet.
Keep an eye on HPY. I've pasted today's after market release. This one could turn out to be a multi-bagger especially with the gold possibility. Do your own dd. All the best.
Happy Creek samples up to 1.87 g/t gold and 25.0 g/t silver in soil from the Golden Ledge property, B.C.
8/12/2010 4:08:05 PM - NWC
Aug 12, 2010 (TheNewswire.ca via COMTEX News Network) --
(via Thenewswire.ca)
August 12, 2010 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the "Company") is pleased to announce preliminary surface exploration results from its Golden Ledge property located approximately 70 kilometres northeast of 100 Mile House, in south central B.C.
On the Golden Ledge property, previous exploration returned up to 42.9 g/t (grams per tonne) gold, 34.7 g/t silver over 1.0 metre from an 1890's adit (tunnel with only one entrance), and positive values of gold and silver in soil extend from the adit area north for a distance of approximately three kilometres. During 2010, soil geochemical surveys were conducted as fill-in sampling of previous surveys to the north of the adit, and covered a new, unexplored area south of the adit to the claim border with Spanish Mountain Gold's Thunder Ridge property. Approximately 300 metres south of Happy Creek's property, Thunder Ridge drill hole SC017 returned 7.5 metres grading 8.84 g/t gold, 10.18 g/t silver and an additional 19.5 metres grading 1.13 g/t gold, 12.39 g/t silver. Approximately 400 metres northeast of this hole and 100 metres south of Happy Creek's property, SC023 returned 28.0 metres of 1.03 g/t gold with silver not reported, however other drill holes have returned up to 705.0 g/t silver over 1.25 metres.
David Blann, President and CEO of Happy Creek comments "On the Golden Ledge property we have confirmed that positive values of gold and silver occur in soil and rock for over 5 kilometres that is very likely a continuation of the Thunder Ridge mineralized trend. The results are thought to represent a large scale orogenic style gold-silver system capable of producing significant grades, and we are currently preparing for our first drill program here this fall."
The Company has collected 1,441 soil geochemical samples from the property to date in 2010. The survey performed at the south end of the property was conducted on grid lines 50 metres apart and samples taken every 50 metres that covered approximately 260 hectares in area. Various gold analyses* suggest a strong nugget effect that may reflect fine gold flakes in soil that are expected in this geological environment and previously glaciated terrain. Samples range from a low of 0.1 ppb (parts per billion) gold and values greater than 20 ppb up to 1870 ppb (1.87 g/t) gold are considered positive. The positive gold anomalies occur as scattered points or in clusters through the surveyed areas. Overall, gold values generally occur with or adjacent positive silver values in soil, rock and drill core, and several strongly positive silver anomalies occur.
Silver values in soil range from 0.1 to 25.0 ppm (or g/t) with values greater than 2.0 g/t silver considered positive. One of the areas of interest contains 26 soil samples that average 3.7 g/t silver that covers approximately 6.5 hectares in area. Overall, this anomaly contains 101 soil samples with an average 2.3 g/t silver that covers approximately 25 hectares in area, and also contains values up to 240 ppb (0.24 g/t) gold. Several other areas within the survey contain greater than 2 up to 10 g/t silver and up to 0.95 g/t gold, along with 8.0 and 5.8 g/t silver in soil that are at the end of the survey lines and remain open in extent.
The Golden Ledge property is underlain by black phyllite, calcareous, argillaceous and arenaceous sediments that are deformed, folded and faulted in proximity with the Eureka Thrust, a continental-scale fault. Near the DL adit, the phyllite is cut by a series of narrow, dykes, and quartz vein material is observed in abundance throughout the property in local outcrops and within the glacial till or soil. Historical drill hole 2001-4 located approximately 400 metres southwest of the DL adit returned 1.0 g/t gold over 1.0 metre from the first sample at the top of the hole that remains open in extent. At the Art prospect, located approximately two kilometres to the west of the DL adit, grab samples contain up to 1.27 g/t gold, and historical drill hole Art 2001-1 returned 0.17 g/t gold over 12 metres.
The geological setting of the Golden Ledge property is thought to best reflect an orogenic or sediment hosted gold-silver system similar to others in B.C., USA, Russia and Asia that can contain 1 to over 40 million ounces of gold as bulk tonnage or high grade vein style deposits.
Drilling of 6-7 holes is planned on the Golden Ledge in September 2010.
On behalf of the Board of Directors,
"David E Blann"
____________________
David E Blann, P.Eng.
President
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. *Soil sample analyses were performed by AGAT laboratories of Ontario and Acme Analytical Laboratories of Vancouver, B.C. using aqua regia digest and ICP-MS on a 0.5 gram and 15.0 gram sample. Approximately 10% of the samples were re-analyzed using a 30 gram fire assay and screen metallic fire assay, along with laboratory internal duplicates and standards for quality control.
FOR FURTHER INFORMATION PLEASE CONTACT:
Corporate Office:
Phone: 604.662.8310 Email: Info@happycreekminerals.com
Website: www.happycreekminerals.com
Investor Relations:James Berard and Aaron KonkinPhone: 604-687-2767Toll free: 1-877-459-5507Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release. This News Release may contain statements that are forward looking and subject to risk and uncertainty more fully described in the Company's Prospectus, Financial Statements and Public Filings located on SEDAR.
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