Happy Creek completes Geophysical Survey at Silverboss property, B.C.

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[{"type":"text","content":"\nHappy Creek completes Geophysical Survey at Silverboss property, B.C.\n\n(via Thenewswire.ca)\n\n \nApril 3, 2013 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V: HPY, the \"Company\") announces results from the 2012 exploration of its 100% owned Silverboss property, located approximately 85 km (kilometres) northeast of 100 Mile House in South Central British Columbia, Canada. Happy Creek has a 100% interest in 155 square km of mineral claims that surround the former Boss Mountain molybdenum mine property, owned by Xstrata. Boss Mountain was Canada's first primary molybdenum mine. To the northwest and north of the Silverboss property, Gold Fields and Newmont Mining are exploring for copper-molybdenum-gold bulk tonnage deposits.\n\n \n \nThe Silverboss property is underlain by geology similar to that being explored by the major companies to the north, and also locally comes within 350 metres from the edge of an open pit of the Boss Mountain mine. On the Silverboss, the Company has performed systematic surface soil, silt and rock sampling that has outlined several prospective new targets. The Silverboss Shaft area has returned values of 2.52 percent copper, 6.21 g/t gold, 295 g/t silver and 6.76 g/t indium in grab samples. The Horse Trail zone contains positive values in rock samples ranging from around 0.10 to 1.69% copper, 0.108 to 0.637% molybdenum and 1.03 to 10.0 g/t gold that extend westward from the Boss Mnt mine's open pits. \n\n \n \nDuring 2012, Happy Creek conducted a three dimensional induced polarization (3D IP) and magnetic geophysical survey covering the Silverboss Shaft and Horse Trail prospects. Work was performed by SJ Geophysics of Vancouver, B.C.\n\n \n \nAt the Silverboss Shaft area, the 3DIP survey has a background chargeability of less than 4.0 milliseconds (ms) and a positive response of 9 to over 15 ms chargeability occurs from the surface of the known mineralized zone to over 300 metres below surface. The positive response extends north and east to the East Breccia showing (1.24 g/t gold and 2.48% copper in grab samples). Overall, the area of positive IP response measures approximately 500 metres by 400 metres in dimension and remains open in extent. These encouraging geophysical targets are overlain at surface with soil and rock samples containing positive values of copper, gold and si...

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