330 hectares of mineral claims at its 100%
Happy Creek
adds 330 Ha to
the
Rateria
copper
property
, Highland Valley, B.C.
April 3
,
201
8
–
Vancouver, British Columbia.
Happy Creek Minerals Ltd. (TSXV: HPY)
(the “Company
”
)
announce
s that it has added
330 hectares
of mineral claims
at
its
100%
owned
Rateria copper
property in the Highland Valley,
B.C., Canada.
The Company has entered into a purchase and sale agreement with
an
arm’s length
vendor
to
acquire a 100% interest in mineral claim tenures that cover
330
hectares
and
located approximately 20 km northeast of Lower Nicola in the province of British
Columbia, Canada. In total, the Company pa
id
$
1
0,000 in cash to the vendor
.
The mineral
claims
acquired is a block located within existing tenures of the
Company’s
Rateria
copper property.
The new claims are
mostly
covered by glacial till however the
underlying geology
includes
Bethsaida, Skeena and Bethlehem phases of the Guichon
Batholith
in proximity with
an east
-
west trending fault.
This lithology is
part of the younger
phases of the batholith thought to be more closely related to the timing of porphyry copper
formation and
host
s
the currently operating mines in the Highland Valley district.
Historical
information for this
newly acquired
area is currently being added to
the Company’s
database.
About the
Rateria and West Valley
property
The Company
has assembled
approximately
237.8 square km of mineral tenure
that
adjoin and surround the southern end of the Highland Valley Copper property of Teck
Resources, Canada’s larg
est base metal mine
.
On August 29, 2017
,
the Company announced
results from Zone 2, located 6.5 km
southeast of the Highmont open pit. Results include drill hole R17
-
02 with 5.0 metres of
4.4% copper
that is
approximately 200 metres east of Zone 2
and
dr
ill hole R17
-
05 with
1
05.5
m
etres
of 0.
37
% copper, 0.1
4
g/t gold, 1.
9
g/t silver and 0.
63
g/t rhenium
that
expands
Zone 2 approxi
mately 100 metres
to the
south.
A 46
.0
m
etre
interval returned
0.64% copper
, 0.30 g/t gold, 0.009% molybdenum and 1.16 g/t rhenium. Rhenium is a
rare metal used in metal alloys for high
-
tech applications such as jet engine or gas turbine
blades.
On February 8, 2018 the Company announced drill hole R17
-
08 returned
82.5
metres of 0
.29% copper and 66 metres of 0.35% copper
with the hole
end
ing
in 2.5 metres
of 0.14% coppe
r
.
Zone 2
contains
high rhenium enrichment in molybdenite as well as
positive gold
that are consistent with a copper
-
gold mineral system
and
it
remains
open.
The
combined 237 Km
2
Rateria and West Valley property contains the newly discovered
Zone 1 and Zone 2 deposits which have returned copper grades in drill holes that are
consistent with other producing deposits in the district.
There are
at least 25 other coppe
r
prospects that
remain
under
-
explored
and overall, the property
is thought to be a quality
copper exploration asset
in a
district
where four porphyry
copper
deposits and one
copper
skarn have achieved commercial production
.
On behalf of the Board of Directors,
“David E Blann”
____________________
David E Blann, P.Eng.
President, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
David
Blann, President, CEO
Corporate Office:
Phone: 604.662.8310
Email:
Website:
www.happycreekminerals.com
Bircress
Corporate
Relations Inc.
Ron Birch: Phone: 250.545.
0383
Toll Free: 1.800.910.
7711
Neither the 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.
Da
vid 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.
Readers are cautioned that
results or information
from an adjoining property do not infer that similar results will occur on the subject property.