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Happy Creek drills 152.5 metres of 0.26% copper, 0.67 g/t rhenium at Rateria, Highland Valley, B.C.
(via Thenewswire.ca) June 11, 2012 - Vancouver, British Columbia - Happy Creek Minerals Ltd...
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[{"type":"text","content":"\nHappy Creek drills 152.5 metres of 0.26% copper, 0.67 g/t rhenium at Rateria, Highland Valley, B.C.\n\n(via Thenewswire.ca)\n\n \nJune 11, 2012 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V:HPY, the \"Company\") is pleased to announce additional drill results from exploration of its Rateria property, located in the Highland Valley district, south central British Columbia (B.C.), Canada.\n\n\n \nThe Company has a 100% interest in approximately 175 square kilometres of mineral claims that adjoin Teck's Highland Valley Copper (HVC) mine property. HVC is Canada's largest copper producer and currently mining material with an average grade of around 0.22% copper.\n\n\n \nOn the Rateria property, Happy Creek has discovered Zone 1 and Zone 2 located approximately 6.5 kilometres south-southeast of Teck's producing Highmont mine. Zone 1 is over one kilometre in length and remains open in extent. Zone 2 is located approximately 2.0 kilometres to the northeast of Zone 1. Previous results from Zone 2 include R08-05 with 126.0 metres of 0.46% copper, 0.008% molybdenum and 0.10 g/t gold and R08-01 with 113.0 metres of 0.33% copper and 0.05 g/t gold. In February 2010, Happy Creek was the first in Highland Valley to announce rhenium in drill results.\n\n\n \nNew drill results from Zone 2 include R11-36 containing 152.5 metres grading 0.26% copper, 0.008% molybdenum, 0.07 g/t gold and 0.67 g/t rhenium, starting at 70.0 metres. This includes 42.5 metres of 0.37% copper, 0.17 g/t gold, 0.025% molybdenum, 1.82 g/t rhenium and 1.87 g/t silver. Important rhenium enrichment is shown in a section of 7.5 metres with 0.11% copper, 0.119% molybdenum and 9.5 g/t rhenium. R11-36 was drilled from the west to east at -60 degrees and is located approximately 175 metres west of R09-06 that contains 92.4 metres of 0.12% copper, 0.011% molybdenum, 0.03 g/t gold and 0.76 g/t rhenium. The zone remains open in extent.\n\n\n \nDavid Blann, President and CEO of Happy Creek states: \"R11-36 has expanded Zone 2, and it remains open in extent in several directions. It continues to return strong rhenium enrichment in the molybdenite, and the additional gold values are positive and geologically interesting. Zone 2 shares similarities with some copper-gold type deposits, and we see excellent opportunity with this and numerous other untested targets.\"\n\...