Business
Happy Creek acquires property adjoining Thunder Ridge gold discovery, B.C.
Happy Creek acquires property adjoining Thunder Ridge gold discovery, B.C.
About this update from Wildsky Resources Inc.
[{"type":"text","content":"\nHappy Creek acquires property adjoining Thunder Ridge gold discovery, B.C.\n\n\n Dec. 7, 2009 (TheNewswire.ca) -- December 7, 2009 - Vancouver, British Columbia - Happy Creek Minerals Ltd. (OOTC:HPYCF) (TSXV:HPY) (TSX-V: HPY, the \"Company\") is pleased to announce that it has acquired an option to earn a 100 percent interest in a mineral property that adjoins the south side of the Company's Art - DL gold-silver property and adjoins the north side of Skygold Ventures Ltd. (TSXV:SKV) Spanish Creek-Thunder Ridge gold-silver discovery. These properties are located approximately 45 kilometres northeast of 100 Mile House, in south central British Columbia, an area providing excellent year-round access and resource based infrastructure. The New DL property covers approximately 398 hectares (4.0 square kilometres) in area.Importantly, Skygold Ventures Ltd. has reported that diamond drill hole SC017 has returned 7.5 metres grading 8.84 g/t (grams per tonne) gold and an additional 19.5 metres containing 1.13 g/t gold. This drill hole is approximately 350 metres south of the New DL property.David Blann, President of Happy Creek states: \"We are pleased to be adding highly prospective ground to our existing land package in this rapidly developing and potentially large scale gold-silver system\".Happy Creek believes the results from the Thunder Ridge zone in conjunction with results from the Company's 100 percent owned Art-DL property (refer to press release dated February 24th, 2009) are compelling. Overall, results to date from this area suggest good potential for an emerging and large scale orogenic style gold-silver system that is over seven kilometres in length, with Happy Creek now having approximately five kilometres of this trend. Skygold Ventures Ltd.'s Spanish Mountain and Hawthorne Gold Corp.'s (OOTC:HWTHF) (TSXV:HGC) Frasergold deposits collectively contain over 4 million ounces of gold at a 0.50 g/t gold cutoff grade. These two deposits occur within a very similar geological setting and are located 100 kilometres and 60 kilometres to the north, respectively. There are orogenic or sediment-hosted type gold deposits occurring elsewhere in the world that host 5 to over 30 million ounces of gold.About the Art-DL PropertyThe Art-DL property covers an 1880's 12.0 metre long adit (tunnel with only one entrance) developed on a quartz...