Happy Creek update on the Rateria Property, Highland Valley, B.C.admin
Happy Creek Minerals Ltd. would like to provide an update on its 100% owned Rateria property, located approximately 10 kilometres southeast of the Highland Valley Copper concentrator operated by Teck Cominco Ltd.
Exploration on the Rateria property in 2008 has comprised a 3D induced polarization and magnetic survey along with diamond drilling of eight widely-spaced holes on the “A” target, and one hole on the “C” target. The Company is expecting to release preliminary results of the first five holes next week. Diamond drilling, geophysical surveys and field work have together identified a potential corridor that is over five kilometres in length and five hundred metres in width through the Rateria property. Mineralization within this corridor appears associated with district-scale contacts between several phases of the Guichon Batholith.
The Company also wishes to announce it has acquired a 100% interest in two mineral properties that are in proximity with its 100% owned Rateria property.
The “Sho” property adjoins to the south the Rateria property, and adjoins to the west the Highland Valley Copper property owned by Teck Cominco. The property totals 1,010 hectares in area. The Sho prospect is a visually well-mineralized copper zone that was explored by trenching in the 1970′s. The Company has performed chip sampling and geological mapping of this zone and results will be announced when received.
The West Valley property is 8,124 hectares in area and located approximately five kilometres west of the Rateria property. The property adjoins to the east the Highland Valley Copper property of Teck Cominco. The Company feels the West Valley property has geological aspects and several copper prospects that are similar to the Rateria property. Preliminary surface exploration is planned over the next few months.