Business
Happy Creek Minerals Ltd. Provides an Exploration update.
Happy Creek Minerals Ltd. Provides an Exploration update.
About this update from South Atlantic Gold, Inc.
[{"type":"text","content":"\nHappy Creek Minerals Ltd. Provides an Exploration update.\n\n\n May 25, 2010 (TheNewswire.ca) -- May 25, 2010 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (OOTC:HPYCF) (TSXV:HPY) (TSX-V: HPY, the \"Company\") is pleased to announce that exploration is currently underway on two more of its properties.Drilling of two holes totaling 1000 metres (450 metres and 550 metres, respectively) has been completed by its JV partner, Jiulian Resources Inc. (TSXV:JLR) , on the Company's Hawk copper-gold property, located approximately 55 kilometres northeast of 100 Mile House, B.C. Drill core logging and sampling is in progress. Historical drilling located over 600 metres to the northwest returned 3.0 metres grading 0.79 percent copper, 1.73 g/t (grams per tonne) gold, and 1.83 metres containing 0.93 percent copper, 3.1 g/t gold. The Hawk property is underlain by geology that is similar to other known alkaline copper-gold deposits in the Quesnel Trough such as Mount Polley to the north or Afton to the south.A soil geochemical survey is underway on the Golden Ledge property, located approximately 70 kilometres northeast of 100 mile House, B.C. The geochemical survey is planned to cover a two kilometre long and 1.5 kilometre wide area starting approximately 350 metres north of Spanish Mountain Gold's (OOTC:SPAZF) (TSXV:SPA) Thunder Ridge drill hole SC017 that returned 7.5 metres grading 8.84 g/t gold and an additional 19.5 m containing 1.13 g/t gold. Previous work on Happy Creek's property further north has identified a large and positive gold and silver in soil anomaly and outcrop containing up to 42 g/t gold over 1.0 metre. Completion of this survey and results are expected in around 6 weeks.On behalf of the Board of Directors,\"David E Blann\"____________________David E Blann, P.Eng.PresidentDavid 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.FOR FURTHER INFORMATION PLEASE CONTACT:Corporate Office:Phone: 604.662.8310 Email: [email protected]: www.happycreekminerals.comInvestor Relations:James Berard and Aaron KonkinPhone: 604-687-2767Toll free: 1-877-459-5507Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the T...