New Showings at Rateria - West Valley C opper P roperty , British Columbia
Happy Creek
to Conduct
Geophysical
Survey
s
on
New Showings at
Rateria
-
West Valley
C
opper
P
roperty
, British Columbia
October
7
,
2019
–
Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the
“Company
”
)
,
is
pleased to
provid
e
an update on exploration work on
its
100% owned
mineral
Rateria and West Valley
properties
located
in
the Highland Valley mining district of
south
-
central
British Columbia
, Canada
.
The
Company has identified two
new areas of promising
porphyry
copper mineralization on
recently constructed
logging roads
in the Pi
mainus and Abbott areas of
the West Valley property
(
see page 14 of the Rateria
-
West Valley
presentation on the Company’s website
)
.
The new
targets occur in area
s
of glacial till
cover with rare outcrops of
prospective, younger
,
central core
phases of the
Guichon Creek batholith, which host
ver
y large porphyry
copper
-
molybdenum
deposits in the di
strict including the Valley, Lornex, Bethlehem and Highmont mines (Guichon,
Bethsaida, Chataway and Bethlehem phases). The Pimainus and Abbott targets are also proximal
to the Lornex fault, a major north
-
south structure associated with the giant Lornex and
Valley
copper deposits to the north.
A follow
-
up program of
prospecting, sampling, geological mapping
and
induced
polarization
(IP)
geophysical surveying is now underway
with the goal of defining
new drill targets.
In the
Pimainus area of the
northern par
t of the West Valley property, logging roads
have
exposed
outcrops
of Bethsaida phase cut by
dikes of
aplite a
nd
varieties of biotite
-
feldspar
-
quartz
porphyry
.
Two
new
copper showings
are
a
pproximately 350 metres
north of
a
n historical copper
occurrence
an
d
within an
historic
copper in
soil
anomaly
approximately 800m long
and up to
300
m
wide
.
This area occurs within a prominent airborne survey magnetic low signature
, which may be
indicative of porphyry
-
related alteration
within felsic phases of the batholith
.
The
t
wo
new copper
zones
are
approximately 100 metres apart
and consist of
strongly fractured
Bethsaida phase with
sericite, muscovite and quartz veins
containing
specular hematite
,
malachite
-
azurite
and other
copper
oxide
copper minerals
, as well as bornite and chalcopyrite
.
Initial grab samples collected
across the
two
zones returned 5m of 0.41% copper and 10m of 0.29% copper
with trace
molybdenum
that are open
.
Samples containing chalcopyrite and bornite were also
found in
outcrop up to 150 metres further southwest and 200m east.
T
h
e
geology appears similar
to
some
of the known deposits in the district and
warrant
s
follow
-
up with
more detailed
geology
a
nd
12
kilometre
s of Induced Polarization (IP)
geophysic
al survey
is planned.
In
the Abbott area of the
southern part of the
West Valley property, the Lornex fault is
interpreted
to occur beneath glacial till between two copper prospect areas. Approximately one km east of
the Lornex fault, recent logging roads have expo
sed
the prospective
Guichon
phase
granodiorite
cut by dikes of aplite and
fine
-
grained
feldspar porphyry
. Fracture
-
controlled chlorite, epidote, k
-
feldspar and sericite alteration is widespread. In addition to others previously sampled in 2018,
a
number of additional quartz veins containing bornite were observed in road cuts over a distance
of approximately one km
. T
wo selected grab samples return
ed
0.21% copper and 0.51% copper.
Two kilometres to the west
and on the other side of the Lornex fau
lt
, historical trenches contain
mainly
chalcopyrite
-
bornite copper minerals.
No previous
induced polarization geophysical
surveys or drilling
is known to have
been
performed
in the Abbott area. Additional sampling,
mappin
g
and
16.6
kilometres of IP is
planned
.
O
n the Rateria property, the historical Roscoe adit
was located in
the field. Geological
investigation
shows that this prospect
consists of a north
westerly
trending fault and shear zone
near the contact betwee
n Bethlehem and Chataway phase intrusive
of the Guichon Batholith
.
Historical workings in the area are in part obscured by caving, however two selected
dump
grab
samples of
k
-
feldspar
-
sericite
-
quartz
altered granodiorite with
abundant
m
alachite/azurite
ret
urned 2.74% copper, 232 ppb gold and 11.45 g/t silver, and 5.63% copper,
346 ppb gold and
21.87 g/t silver, respectively.
This area is underlain by a sizeable and positive geophysical
response and
is interpreted t
o be structurally connected with
the Compan
y’s Zone 2
prospect, 1.5
km to the northwest
.
The Company
will provide
results of the ongoing work when it becomes available later this fall.
More detail on the
Rateria
-
West Valley
property can be found on the Company’s website at
www.happycreekminerals.com
.
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
,
Office:
Phone: 604.662.8310
Email:
Website:
www.happycreekminerals.com
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 release.
David Blann, P.Eng.
, Director,
is a Qualified Person as defined by National Instrument 43
-
101 and is responsible for
the preparation and approval of the technical information disclosed i
n the news release.
Results or information from an
adjoining property does not infer that similar results or information will or does occur on the subject property.
Analyses
are performed by
SGS Laboratories in
Burnaby, B.C. using a geochemical aqua regia
digest
of a 2.0 gram pulp and
ICP
-
MS finish, and results for copper, silver, molybdenum and rhenium are provided in ppm (parts per million
(ppm)
or
grams per tonne
, and gold in parts per billion (ppb)
), with
ppm
values converted to percent by dividing by 1
0,000
, and
ppb values converted to g/t by dividing by 1,000.
Over
-
limit s
ample
s greater than 5,000 ppm copper are
re
-
run
utilizing
ICP
-
AES providing values in percent (%) copper, and over 500 ppb gold are re
-
done using 30 gram Fire Assay with
ICP
-
MS finish.
This press release contains "forward
-
looking information" within the meaning of applicable securities laws, including
statements
that address capital costs, recovery, grade, and timing of work or plans at the Company’s mineral projects.
Forward
-
looking information may be, but not always, identified by the use of words such as "seek", "anticipate", "plan",
"planned", "continue", "ex
pect", “thought to”, "project", "predict", "potential", "targeting", "intends", "believe",
“opportunity”, “further” and others, or which describes a goal or action, event or result such as "may", "should", "could",
"would", "might" or "will" be undertaken,
occur or achieved. Statements also include those that address future mineral
production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization,
potential type(s) of mining, potential grades as well as to H
appy creek’s ability to fund ongoing expenditure, or
assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades,
favourable
operating conditions, access, political stability, obtaining or renewal of exist
ing or required mineral titles,
licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources,
anticipated costs and expenditures. Assumptions may be based on factors and events that are not within
the control of
Happy creek and there is no assurance they will prove to be correct. Such forward
-
looking information involves known
and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or
implied b
y such forward
-
looking information. Additional information on risks and uncertainties can be found within
Financial Statements, Prospectus and other materials found on the Company’s SEDAR profile at
www.sedar.com
.
Altho
ugh Happy creek has attempted to identify important factors that could cause actual actions, events or results to
differ materially from those described in forward
-
looking information, there can be no assurance that such information
will prove to be accura
te as actual results and future events could differ materially from those anticipated in such
statements. Happy creek withholds any obligation to update or revise any forward
-
looking information, whether as a
result of new information, future events or oth
erwise, unless required by law.