Williams Creek Announces Final Results from 2012 Big Sky Geological Reconnaissance & Sampling Program
October 15 2012 - 8:00AM
Marketwired Canada
Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek", "WCX" or the
"Company") is pleased to announce additional positive results from its
geological reconnaissance and sampling program on its Big Sky joint venture,
Yellowknife, NT, Canada. The Company is earning a 50% interest in the Big Sky
Property from its Joint Venture partner, Tyhee Gold Corp. (News Releases
WCX12-04, March 31/12; WCX12-06, May 31/12; and WCX12-11, September 18, 2012).
These are the final 2012 results from a helicopter supported geologic mapping
and sampling program involving a senior geologist and a two-man prospecting team
with long experience in the Yellowknife district. The Big Sky property is
located to the north along strike from, and in similar host rocks to, the
prolific Yellowknife gold district. The samples were collected from both
previously known and newly identified mineralized shear zones. The summary
report on the 2012 geological investigation is complete, pending a corporate
review, and will be used to plan follow up programs, particularly targeting
highly anomalous gold values.
The following table lists anomalous samples, the ICP-ES parts per billion (ppb)
gold and the combined total gold M150 G6.ME assays in grams per metric tonne.
The results reported here are for samples retuning gold values greater than
500ppb.
A map of the released 2012 sample returns is incorporated into the release and
will also be available on the Company website (www.WilliamsCreek.ca).
------------------------------------- -------------------------------------
Sample Au-ICP-ES Au-M150 G6.ME Sample Au-ICP-ES Au-M150 G6.ME
Description ppb Total Au, gm/t Description ppb Total Au, gm/t
------------------------------------- -------------------------------------
996449 greater 36.48 996561 1814
than 10,000
------------------------------------- -------------------------------------
996450 2538 996562 1509
------------------------------------- -------------------------------------
996469 3075 996574 3575
------------------------------------- -------------------------------------
996470 2584 996576 1323
------------------------------------- -------------------------------------
996471 1690 996577 greater 0.19
than 10,000
------------------------------------- -------------------------------------
996474 greater 220.2 996580 687
than 10,000
------------------------------------- -------------------------------------
996476 5421 996581 5448
------------------------------------- -------------------------------------
996477 greater 41.77 996582 6843
than 10,000
------------------------------------- -------------------------------------
996481 4885 996590 755
------------------------------------- -------------------------------------
996482 8475 996592 3020
------------------------------------- -------------------------------------
996483 greater 8.83 996602 1141
than 10,000
------------------------------------- -------------------------------------
996484 6207 996604 783
------------------------------------- -------------------------------------
996485 7564 996608 1301
------------------------------------- -------------------------------------
996492 greater 62.34 996611 greater 36.30
than 10,000 than 10,000
------------------------------------- -------------------------------------
996494 3873 996619 2637
------------------------------------- -------------------------------------
996495 greater 23.48 996620 7777
than 10,000
------------------------------------- -------------------------------------
996496 7020 996621 greater 11.83
than 10,000
------------------------------------- -------------------------------------
996497 4403 996622 809
------------------------------------- -------------------------------------
996498 greater I.S. (i) 996624 1326
than 10,000
------------------------------------- -------------------------------------
996499 greater I.S. (i) 996631 1416
than 10,000
------------------------------------- -------------------------------------
996500 greater 36.03 996633 527
than 10,000
------------------------------------- -------------------------------------
996503 1916 996634 622
------------------------------------- -------------------------------------
996516 5886 996544 1441
------------------------------------- -------------------------------------
996517 1828 996545 9706
------------------------------------- -------------------------------------
996519 3597 996642 greater 15.89
than 10,000
------------------------------------- -------------------------------------
996521 524 996643 6387
------------------------------------- -------------------------------------
996526 greater 47.67 996644 8480
than 10,000
------------------------------------- -------------------------------------
996535 1270 996645 2316
------------------------------------- -------------------------------------
996552 522 996648 5496
------------------------------------- -------------------------------------
996555 2321 996649 greater 17.18
than 10,000
------------------------------------- -------------------------------------
996560 greater 7.75 996654 812
than 10,000
------------------------------------- -------------------------------------
To see the map associated with this release, please visit the following link:
http://media3.marketwire.com/docs/wcx1015i.pdf.
--------------------------------------
Sample Au-ICP-ES Au-M150 G6.ME
Description ppb Total Au, gm/t
--------------------------------------
996655 greater than 38.81
10,000
--------------------------------------
996656 greater than 49.40
10,000
--------------------------------------
996658 greater than 37.10
10,000
--------------------------------------
996664 5484
--------------------------------------
996668 5412
--------------------------------------
996673 4982
--------------------------------------
996681 3885
--------------------------------------
996682 5774
--------------------------------------
996697 991
--------------------------------------
996717 3557
--------------------------------------
996719 2301
--------------------------------------
996727 8038
--------------------------------------
996729 1327
--------------------------------------
996730 1128
--------------------------------------
996739 greater than 16.05
10,000
--------------------------------------
996762 5319
--------------------------------------
996764 557
--------------------------------------
996781 985
--------------------------------------
996804 670
--------------------------------------
(i) I.S. denotes insufficient material to re-run for g/t values.
"We continue to be delighted with the final Big Sky results, from the 2012
season," stated Company Chairman and CEO Michael R. Sonnenreich. "And have
embarked on the planning process to define a follow up program for 2013."
Brian K. Briggs, President and CEO of Tyhee Gold Corp., noted, "These latest
assay results continue to support our shared belief that Big Sky is highly
prospective and we are very pleased that the management and technical team of
Williams Creek are proceeding aggressively to identify the best target areas. We
look forward to seeing the results of Williams Creek's ongoing detailed
technical review and then their plans for an initial drill program in 2013."
Mr. Sonnenreich concluded, "Williams Creek definitely sees the Big Sky property
as an excellent addition to its portfolio of properties and is very pleased with
having Tyhee Gold Corp. as a partner."
These results are located at eight of the 13 recognized mineralized zones within
the Big Sky Property. Mineralized vertical shears are commonly north south
trending features along northern portions of the property with variable widths
and quartz vein/sulfide content. Shears and veining within southern portions of
the property are northeast - southwest or northwest - southeast, again with
variable vein and shear widths. All assays have now been received for the 2012
program.
Thirty-eight samples occur along the Oro Lake Main Shear Zone, a 10-25m wide
2.8km long shear in mafic volcanics similar to the Giant Mine at Yellowknife, NT
(sample numbers 996449-50, 996469-71, 996419, 996521, 996526, 996535, 996544-45
996552, 996555, 996560-62, 996574, 996576-77, 996580-82, 996590, 996592, 996602,
996604, 996608, 996611, 996621-22, 996624, 996654-56, 996658, 996664, 996697 and
996739).
Seventeen samples occur along the Chan Lake Vein set, where two 0.75 to 1.25m
wide 60m long sugary-quartz vein in mafic volcanics occur (sample numbers
996474, 996476-77, 996481-85, 996492, 996494-500, and 996503). Sample 996474
returned the season's highest gold value at 220.23 gm/t. Samples 996498 and
996489 had insufficient sample results to perform subsequent G6 analysis but do
contain ICP results of 38.9 g/t and 13.1 g/t respectfully, which are not
expected to be accurate but do represent approximate values.
Eleven samples occur at random locations throughout the property associated with
narrow quartz veins (sample numbers 996516-17, 996631, 996633, 996668, 996719,
996729-30, 996764, 996781 and 996804).
Four samples occur along the Hutter Shear, a 2m to 4m wide, 800m long shear in
mafic volcanics (sample numbers 996642-44, and 996762).
Three samples occur along the newly recognized Slippery Slope Shear, a set of
narrow quartz veined shears over an undetermined length in mafic volcanics
(sample numbers 996619-20, and 996727).
Three samples occur at the Greyling Lake Gossan, a 1m wide folded semi-massive
to massive sulfide shear less than 10m long in mafic volcanics (sample numbers
996645, and 996681-82).
Two samples occur at the southern extent of the Dwyer Main Shear, a 1m to 12m
wide, 4.1 km long shear cutting both mafic volcanics and gneiss volcanics
(sample numbers 996648-49).
Two samples occur at the newly identified Kendrick Zone just north of the Chan
Lake quartz veins within a zone approximately 5m wide by at least 100m long
where quartz veins are associated with felsic dikes within mafic volcanics
(sample numbers 996673 and 996717).
One sample was associated with the Havoc Zone which hosts multiple 2-8m wide and
500m long mafic shear zones with Arsenopyrite in quartz veining all within mafic
volcanics (sample number 996634).
The additional rock sample results reported here are from reconnaissance grab
samples that were initially assayed for gold by Acme Labs in Vancouver using
fire assay method 3B01, ICP-ES and 1EX ICP-MS for other elements. Samples
returning gold values greater than 10,000 parts per billion (ppb) were
re-assayed using two M150 G6.ME assays, one for the fine fraction and one for
the coarse fraction of the samples, to offset the 'nugget effect'. The coarse
and fine values were then combined by Acme Labs to arrive at the total grams per
tonne (gm/t) reported for the samples.
The Chubby Bear property, acquired from New Gold Inc. (News Release WCX12-03,
March 7/12), is currently the subject of ongoing geochemical soil sampling
programs. A geochemical soil survey is now complete on the Ahbau Creek property,
also acquired from New Gold Inc. (News Release WCX12-03, March 7/12). Assay
results are pending on both Chubby Bear and Ahbau Creek.
The technical information contained in this news release was prepared by Michael
B. Regular, P.Geo., a "Qualified Person" as defined under National Instrument
43-101. Mr. Regular conducted the 2012 Big Sky program. Mr. Regular is an
independent consultant to Williams Creek.
About Williams Creek Gold Limited (WCX)
Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Gold Limited.
Williams Creek Gold 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,
royalty and finance agreements.
Williams Creek Gold Limited owns twenty-eight Crown Granted mineral claims known
as the Barkerville Project in the immediate vicinity of Barkerville, BC in the
Cariboo mining division. The Cariboo gold belt and the Barkerville Camp have a
long history of gold production dating back to the 1800s. Historically the
Barkerville Camp has reported gold production of 3.8 million ounces, including
2.6 million ounces from surface placer and 1.2 million ounces from lode mining.
When placer gold production peaked in the late 1890s, Williams Creek Gold's
Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District
Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among
the first acquired in the early search for lode gold.
Williams Creek Gold Limited also owns a block of four mineral claims 17km west
of Barkerville known as the Pine Properties. The Company has three Crown Granted
mineral claims in the Kamloops Mining Division, two of which are adjacent to New
Gold's New Afton project. Williams Creek Gold Limited also owns the Ahbau Creek,
Chubby Bear and Ahbau Lake claim groups in Central British Columbia.
Williams Creek Gold is earning a 50% interest through a joint venture with Tyhee
Gold Corp. in the Big Sky Property north of Yellowknife, NWT.
Additionally, Williams Creek Gold Limited has a net 30% interest in the ATW
diamond property in the MacKenzie Mining District of the Northwest Territories.
Williams Creek also holds the BOPS Project consisting of 32 unpatented
lode-mining claims in Pershing County, Nevada.
On behalf of the Board of Directors,
Michael R. Sonnenreich, Chairman and CEO
Williams Creek Gold Limited
This news release may contain forward-looking statements including management's
assessments of future plans and operations, and the anticipated timing of
meeting the terms of its joint venture agreement obligations. 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), 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.
Williams Creek Gold Limited (TSXV:WCX)
Historical Stock Chart
From May 2024 to Jun 2024
Williams Creek Gold Limited (TSXV:WCX)
Historical Stock Chart
From Jun 2023 to Jun 2024
