Happy Creek Provides Additional Results From the Fox Tungsten Molybdenum Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2009) - Happy Creek Minerals Ltd. (TSX VENTURE:HPY) (the "Company") is pleased to announce additional results from its 100% owned Fox tungsten-molybdenum property, located approximately 30 kilometres east of the past producing Boss Mountain molybdenum mine in south central British Columbia, Canada. The favorable location, geology, large scale and grades obtained to date are thought to reflect positively on its resource potential. (i)Recent prices for W03 (tungsten trioxide) and molybdenum are around US$9.00/lb, respectively.

In 2007 at the Nightcrawler-Discovery zone, the first drilling ever performed on the property returned positive results including 5.0 metres of 0.33% W03, 2.0 metres of 0.74% W03, 2.0 metres of 0.48% W03, 0.50 metres of 1.8% W03 and 1.7 metres of 0.51% molybdenum. Tabular shaped blocks of subcrop have returned values up to 12.778% molybdenum and 5.46% W03 and mineralization comes to surface. To date, thirteen widely spaced drill holes have returned anomalous to potentially economic values of tungsten or molybdenum in an area approximately 1.5 kilometres by 500 metres in dimension that remain undefined and open in extent. Geologically, this area is underlain by metasediment and calc silicate rocks that contain tungsten-molybdenum skarn and an important intrusive rock that is similar in age and associated mineralization as at the Boss Mountain mine to the west.

Results

The Ridley Creek area is approximately four kilometres north of the Nightcrawler-Discovery zone, and exploration in 2008 included soil geochemical surveys that filled-in and expanded upon the positive 2007 results. Here, three new showings over a distance of three kilometres, returned values up to 0.20 metres of 6.47% W03, 3.5 metres of 2.56% W03 and 1.0 metre of 3.70% W03, respectively (see press release dated November 28th, 2008 for additional results).

Soil geochemical samples were taken at 50 metre intervals along lines 100 to 200 metres apart. Positive tungsten values in soil are greater than 95th percentile, or 11 to greater than 100 ppm (parts per million) tungsten (W) (ii). One well defined northerly trending tungsten anomaly is 350 metres in width and 1.2 kilometres in length. It continues an additional 2.0 kilometres northward where it remains open in extent to the west and includes the known mineralized zones described above. Read more...