Williams Creek Explorations Limited

Williams Creek Explorations Limited

January 31, 2011 16:39 ET

Williams Creek Explorations Limited Announces Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2011) - 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.

Contact Information

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