Williams Creek Explorations Limited

Williams Creek Explorations Limited

February 10, 2011 09:45 ET

Williams Creek Explorations Limited Announces Commencement of Winter Drill Program at ATW Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2011) - Williams Creek Explorations Limited ("Williams Creek," "WCX," or "the Company") (TSX VENTURE:WCX) is pleased to announce that its 2011 exploration program at the ATW Diamond Property is expected to commence by February 13, 2011. Williams Creek has a 30% working interest in the ATW Diamond Property located at Mackay Lake, NWT. The exploration program is in partnership with Almaden Minerals Ltd. (TSX:AMM)(NYSE Amex:AAU). Exploration crews are currently mobilizing to the field camp at Mackay Lake.

The ATW project is located proximal to a number of active diamond projects: The Diavik Mine lies about 29 kilometres north, the Snap Lake Project is about 68 kilometres southwest, the Mountain Province/De Beers Gacho Kue Project is about 72 kilometres southeast, and Peregrine Diamonds Ltd's DO-27 Kimberlite lies 20 kilometres to the northeast.

"The ATW Project is an ongoing high-risk/high-prospective-return exploration endeavor," said Williams Creek Chairman and CEO Michael Sonnenreich. "It fits well into Williams Creek's corporate strategy of exploration, joint-venture and investment, and financings, providing an opportunity for shareholders to be part of an interesting venture at a cost that makes sense."

The winter 2011 ATW Diamond Property exploration program will comprise the completion of approximately 134 sonic overburden drill holes. The holes will be drilled within a 3 kilometre by 4 kilometre area of interest that lies at the at the "up ice" terminus of a 20 kilometre long kimberlite indicator mineral (KIM) dispersion train. The dispersion train has been traced "up ice" and easterly under MacKay Lake over several campaigns by Almaden and partners.

The purpose of the 2011 drill program is to define the "up ice" and lateral extent of the head of the KIM dispersion train under Mackay Lake. Previous sonic drilling campaigns completed during 2003 and 2008 (see Almaden Minerals Ltd. press release: October 22, 2008) have defined the southern and "up ice" (eastern) cut-off of the dispersion train, resulting in the definition of the present high priority area if interest. Based on the results of winter 2011 exploration, targets will be chosen for diamond drill testing during winter 2012.

The 2011, ATW Diamond Project exploration program is being conducted under the supervision of Kristopher J. Raffle, P.Geo., APEX Geoscience Ltd. Mr. Raffle is a qualified person as defined by National Instrument 43-101 and is responsible for the preparation and approval of the technical information disclosed in the News Release.

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 forwardlooking 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.

Contact Information

  • Williams Creek Explorations Limited
    Michael Sonnenreich
    Williams Creek Explorations Limited
    Dov Zigler