HPY HAPPY CREEK BEGINS DRILLING THE RATERIA COPPER PROPERTY, HIGHLAND VALLEY, B.C.
Drilling is under way on Happy Creek Minerals Ltd.'s 100-per-cent-owned Rateria copper property in the Highland Valley area of British Columbia, Canada.
Although the company remains committed to further development of its Fox tungsten project after snow leaves the higher elevations of the property, the company is first conducting a drill program to explore its Rateria property. The company is exploring and maintaining approximately 200 square kilometres of mineral tenure that adjoin and surround the southern end of the Highland Valley copper property, Canada's largest base metal mine. Happy Creek plans to conduct stepout holes to expand the company's zone 2 discovery that is located approximately 6.5 kilometres southeast of the currently producing Highmont open pit, and test another target for which no drilling is known.
David Blann, president and chief executive officer of Happy Creek, states: "In 2012, our last drill hole in zone 2 returned 152.5 metres of 0.35 per cent copper and we had an interval with 12.5 metres of 0.63 per cent copper, 0.66 gram per tonne gold. The gold-copper ratio in zone 2 is believed to be much higher than other Highland Valley deposits. In addition to the potential for expanding zone 2, which may trigger a resource estimate for both zone 1 and 2, there is clear opportunity for the discovery of new deposits."
The company is planning to drill four or five holes totalling approximately 1,500 metres on the Rateria property by the end of June or early July, followed by exploration, drilling and engineering-related studies on its Fox tungsten project for the balance of the season.
stockwatch.com
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No shares available even though it has 80M O/S. Once you are in you stay there until resolution.
They are in the middle of an $0.26 per share PP, so by rights this could trade much higher and be comfortable. But L2 shows only 16,000 available on up to .$0.42 where 25K more reside.
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