Williams Creek Explorations Limited

Williams Creek Explorations Limited

January 10, 2011 09:00 ET

Williams Creek Explorations Limited Announces Exploration Plans

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - Williams Creek Explorations Limited (the "Company," "WCX," or "Williams Creek") (TSX VENTURE:WCX) is pleased to announce that it will participate in an exploration campaign to be conducted on its ATW diamond exploration property located at Mackay Lake, NT (the "Project"). Williams Creek owns a 30% working interest in the Project. Its working partner in the Project is Almaden Minerals.

The 2011 program will consist of a series of overburden drill holes designed to test the Northern and Eastern extent of a kimberlite indicator mineral train previously encountered at Mackay Lake.

Williams Creek's participation in the Project at Mackay Lake is part of a broader exploration program that Williams Creek plans for 2011. Williams Creek recently raised $1.03 million via a Flow-Through share offering, the proceeds of which are to be applied against an exploration program to be conducted at its Barkerville area properties, where a drilling campaign is planned for this spring.

"Exploration is a core aspect of Williams Creek's three-part strategy," said Chairman and CEO Michael Sonnenreich. "Williams Creek has a range of exploration projects planned this year, which I expect will be a busy one. Additionally, Williams Creek is examining plans to move forward with other aspects of its strategy, including participation in other joint ventures and/or equity investments and the financing of specific gold projects."

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