SOURCE: Willow Creek Enterprises, Inc.

November 09, 2010 08:00 ET

Willow Creek Outlines Work Programs for Nevada Properties

LAS VEGAS, NV--(Marketwire - November 9, 2010) -  Willow Creek Enterprises Inc. (OTCBB: WLOC) ("The Company," "Willow Creek") is pleased to announce an update on exploration programs that has been outlined for the Hercules, currently under LOI, and Dolly Varden Properties in the Walker Lane Mineral Belt of Western Nevada.

"We have embarked on a very substantial exploration program in Nevada. This is a very exciting and positive step forward for us in an area where numerous proven discoveries have been made for over a century," stated Terry R. Fields, President.

Willow Creek will continue to follow the corporate mandate: "Willow Creek Enterprises intends to aggressively pursue the acquisition and joint ventures of new projects in the resource sector. We will look for projects that have had some success in the past and that have the potential to have great success in the future. Soaring mineral prices are making many of these older projects once again viable economic enterprises. Our new management's experience in the public sector, coupled with its understanding of the benefits that the capital markets can bring to these new ventures, should allow us to not only emerge, but also to increase shareholder value for years to come."

Hercules:
The Hercules Property is located in southern Lyon County, approximately 40 km southwest of Reno, and 11 km outside of Dayton. The property consists of 40 mineral claims covering approximately 800 acres of land. Regionally, the area hosts several important gold and precious metals deposits such as Comstock, Rawhide, Aurora, Paradise Peak, Bullfrog, Goldfield, and Tonopah.

As noted in the October 26th, 2010 News release "The Hercules property gives Willow Creek access to one of the most prolific mining areas in the world. According to a report made by Global Geological Consultants (GGC) in 2003, The Hercules prospect has direct analogies to the historic Comstock Lode deposit, which is located less than 10 miles to the north. While the Comstock Lode produced approximately $670,000,000 worth of gold and silver from 1860 to 1880, the Hercules Mine, located on the "Hercules" property, is estimated to have produced 5,000 oz of gold and 20,000 oz of silver during early, turn-of-the-century mining efforts. In more recent years, modern exploration has been conducted on the property by companies such as Pioneer Mining Corporation, Phelps Dodge Corporation, and Horizon Gold. The GGC report further states that the potential for the discovery of thicker, mineralized veins within the Hercules is very good, and that recommended drill tests could identify a deep-seated mineralized deposit for which the Walker Belt is known. Further support for exploration of the Hercules was given by Joseph Tingley in an annual compilation of major precious metal deposits in Nevada, where he noted a resource for the Hercules deposit of approximately 260,000 oz of gold and 1,950,000 oz of silver."

Exploration Program:
The program has been separated into phases with each subsequent phase being conditional on favorable results from the preceding phase.

1) EVALUATE the current land holdings and seek additional claims that show initial potential for discovery. 

2) Contact and Negotiate any additional claim ACQUISITIONS.

3) PROSPECTING and SAMPLING: Prospecting the new area of claims to define any new targets. The claims will necessarily cover areas of post-mineral rock which will not have any apparent mineralization at surface. However, some areas contain alteration should be sampled and mapped at the same time.

4) Conduct MINERAL INVENTORY of project to determine actual gold and silver resource present. 

5) Re-evaluate the Geophysics from the northern claims that have previously been completed that returned positive results.

6) GEOPHYSICAL SURVEYING; covering the southern area of claims. 

7) DRILLING: Definition drilling of outlined resources for open pit mining and deep drilling for potential high grade vein systems to be mined by underground methods.

Dolly Varden:
Dolly Varden South Gold Property in Elko County, Nevada, which consists of Twenty Two (22) unpatented claims with 19 of the claims covering approximately 380 acres of contiguous land holdings.

"A skarn related gold-copper rich zone with related jasperoidal alteration haloes a basin near Dolly Varden Springs. A mineralized intrusive with significant iron oxide and boxworks forms the northern portion of the claim group. Newmont completed an aeromagnetic survey over the property in 1992. Newmont developed a target based on the geophysical survey, local geology and geochemistry. Newmont defined a pophyry target at less than 500 feet of depth within the basin covered by MinQuest's claim group. The target parameters suggest potential for 100 million tons grading 1% copper and 0.03 opt gold. The target was further reinforced by an IP survey completed by Cominco in 1998. This survey was reinterpreted by Fritz Geophysics. Fritz believes the northern line defines a sulfide rich intrusive with the potential to host mineralization." (As described by MinQuest Inc. on their website: www.minquest.com)

Mineralogy and geochemistry around the margins of the basin indicate copper and gold within skarn and jasperoidal silica. No drilling has been done within the basin area. Values to 3.6% copper and 7 g/t gold have been collected from prospects and outcrops on the claims.

Exposed jasperoid on the northern portion of the claims contain copper oxide and low gold values in the 0.1 to 0.9 g/t gold. Prospect pits in wollastonite skarn contains up to 3.6% copper and 7 g/t gold.

1) PROSPECTING and SAMPLING of property

2) Digitize GEOLOGICAL MAPPING and previous SAMPLING. 

3) Evaluation of geophysical surveys to complete TARGETING.

4) DRILLING of 5 to 10 holes testing copper-gold targets.

About Willow Creek Enterprises Inc.
Willow Creek is a gold and base metal exploration company with the purpose of evaluating, developing and acquiring gold projects of merit with a focus on the United States, Canada and Mexico. At present, Willow Creek is focused on the exploration and development of its newly acquired Dolly Varden Project, in Nevada, USA. Willow Creek has also compiled a management team that has the knowledge, experience and motivation to find quality properties at different stages of development in order to fulfill their corporate mission.

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH NATURAL RESOURCE EXPLORATION AND DEVELOPMENT AND NEEDS FOR FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K AND ON FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. FINRA, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR, SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Contact Information

  • Terry Fields
    President
    Corporate contact:
    1-310-982-7769