Williams Creek Explorations Limited

Williams Creek Explorations Limited

October 21, 2010 07:55 ET

Williams Creek Explorations Limited Receives Approval for Barkerville Mountain Diamond Drilling Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2010) - Williams Creek Explorations Limited (TSX VENTURE:WCX) ("Williams Creek", "WCX", or "the Company") has received approval to launch a diamond drilling program on its crown granted mineral properties adjacent to Barkerville, British Columbia. The permit, which will last until the end of 2011, provides for up to 72 holes at 29 locations.

"The area around Barkerville has long been considered an enticing target for geological exploration, and I am enthused that Williams Creek now has permits which will allow it to explore its holdings over the next 12 months," said Michael Sonnenreich, Chairman and CEO of Williams Creek.

"Williams Creek has a three part strategy: a) to explore its existing holdings, b) to participate in equity and joint venture agreements, and c) to engage in royalty and finance agreements," added Mr. Sonnenreich. "The exploration of Williams Creek's holdings near Barkerville definitely fits the first one of those three categories, and shows that Williams Creek is actively pursuing its goals." 

Roughly half of the permitted drill locations were chosen to follow up historic geological targets. The other half of the drill targets test Williams Creek's holdings on Barkerville Mountain, where Williams Creek received encouraging results from a drill campaign conducted in 2006 (see Williams Creek Explorations Limited, NR June 13, 2007). Barkerville Mountain also hosts the "Bonanza Ledge" zone where another company recently had encouraging results (Barkerville Gold Mines Ltd., NR October 4, 2010).

About WCX:

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Explorations Ltd. Williams Creek Explorations Ltd. 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. The Company also has a net 30% interest in the ATW diamond property in the MacKenzie Mining District of the Northwest Territories.

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.

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of this news release which has been prepared by management.

Contact Information

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