Williams Creek Explorations Limited Announces Exploration Program
January 31 2011 - 3:39PM
Marketwired
Williams Creek Explorations Limited (TSX VENTURE: WCX) (the
"Company," "WCX," or "Williams Creek") is pleased to announce that
it will undertake a comprehensive exploration program, including a
drilling program, on its Crown Granted mineral claims in the
Barkerville, BC area during the spring and summer of 2011. The
Board of Directors of Williams Creek unanimously approved the
program at its meeting on Friday, January 28, 2011.
The exploration program will comprise a two-phase drilling
program coupled with a concurrent surface exploration program
consisting of a trenching program, supplemental geologic mapping,
geochemical analysis, and other geologic analysis.
Childs Geoscience, Inc. of Bozeman, MT, is acting as the
consulting geologist on the project, and John Childs, PhD. will act
as the Qualified Person under the definition of National Instrument
43-101. Drilling will be conducted by Hardcore Drilling Ltd. out of
Penticton, BC.
Permits for drilling have already been received from the BC
Ministry of Natural Resource Operations. The exploration program is
fully funded. Funds raised by Williams Creek via the offering of
Flow Through Shares that closed on December 24, 2010 will cover the
majority of the exploration program's expenses.
"Williams Creek's package of crown grants in the Barkerville
area has long been considered a highly prospective group of claims.
Historic limited channel samples and drilling results give cause
for optimism," said Michael R. Sonnenreich, Chairman and CEO of
Williams Creek. "Our plan is to take advantage of all of the
information available from previous exploration, and the improving
understanding of the geology of the region, to engage in a
comprehensive program exploring our holdings for gold
mineralization. We feel this project is a key component of
William's Creek's three-part strategy of exploration, joint
ventures and investment, and financing, and look forward to
advancing the Barkerville project."
About WCX:
Visit http://www.WilliamsCreek.ca to learn more about Williams
Creek Explorations Limited.
Williams Creek Explorations Limited is a Canadian company with
the primary purpose of participating broadly in the natural
resource sector, with an emphasis on the gold subsector, through
exploration, joint ventures or other equity investments.
The Company owns twenty-eight crown granted mineral claims in
the Cariboo Mining Division, and three crown granted mineral claims
in the Kamloops Mining Division, of British Columbia. The Company
also has a net 30% interest in the ATW diamond property in the
MacKenzie Mining District of the Northwest Territories.
On behalf of the Board of Directors
Michael Sonnenreich, President
This news release may contain forward looking statements
including management's assessments of future plans and operations,
and expectations of future production. These statements are based
on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not
limited to, the risks associated with the mining and exploration
industry (e.g operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections
relating to production and the uncertainty of the availability of
capital). The assumptions used in the preparation of such
statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Williams Creek Explorations Limited Michael
Sonnenreich 514.393.3232 Williams Creek Explorations Limited Dov
Zigler 514.393.3232 www.WilliamsCreek.ca
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