SOURCE: Willow Creek Enterprises Inc.

June 01, 2011 06:45 ET

Willow Creek Secures Drill Rig and Mobilizes Crew for Drill Program at Hercules Gold & Silver Property, Nevada

LAS VEGAS, NV--(Marketwire - Jun 1, 2011) - Willow Creek Enterprises Inc. (OTCBB: WLOC) (the "Company" or "Willow Creek") is pleased to announce that it has secured a drill rig with O'Keefe Drilling for its upcoming drill program on its Hercules Property ("Hercules"). In conjunction with securing the drill rig, Willow Creek has mobilized a crew to initiate its drill program immediately. Willow Creek is also pleased to update that the previously announced (News Release May 26th, 2011) road construction on the Hercules property is nearly complete and the drill pads are being constructed in preparation for the drilling equipment to be moved in.

"We are very eager to commence drilling at Hercules. Willow Creek is committed to advancing our exploration programs on the property. We are also very happy to be working with a professional and proven company like O'Keefe Drilling. O'Keefe Drilling has been in business for more than 50 years providing quality and proven service throughout the western USA," stated Terry Fields, President, Willow Creek. "With the positive resource calculations we have received on the Hercules property showing an indicated resource of approximately 583,000 gold equivalent ounces, we are eager to try to expand this resource. We believe that with the new drill program utilizing the experience, expertise and innovative services of O'Keefe Drilling we havethe potential to identify a more significant gold and silver resource that has been already identified in previous assessments."

Willow Creek has planned an exploration program of angle drill holes, both core and reverse circulation-rotary (RC). This program will attempt to confirm and enhance indicated resources with infill drilling.

The proposed drill program will include:

  • Approximately 8 - 10 drill holes
  • Approximately 3,000+ feet of drilling planned for initial program
    • Varying depths 200 - 500 feet
    • 50 - 100 foot spacing between holes
  • A focused and balanced drill program targeting the Hercules and West Cliff area and North to the ABC zones
  • Flexibility will be maintained should new targets be identified as we proceed

About O'Keefe Drilling
Since 1959, O'Keefe Drilling has been providing services throughout the Western United States to meet the challenges of the drilling industry. With ingenuity and innovation, O'Keefe Drilling has grown to become a leader in the industry. O'Keefe Drilling not only focuses on water wells and exploration, but has also grown to accommodate today's focus on the environment. O'Keefe Drilling's growth has taken place not only in size and geographic location, but also in state of the art equipment. O'Keefe Drilling Company's fleet of 15 drill rigs, offers numerous services. O'Keefe Drilling has been committed to successfully delivering top quality service. Innovative procedures mirror with federal, state, and mine laws and regulations.

About Hercules Gold & Silver Property:
The Hercules project currently consists of 88 mining claims for a total of 1,760 acres, which are located in the prestigious Walker Lane Mineral Belt in southern Lyon County, Nevada, USA. The Property hosts an indicated resource of approximately 583,000gold-equivalent ounces. Hercules is located approximately 25 miles southwest of Reno, 7 miles outside of Dayton, 10 miles from the Comstock Lode Deposit and 15 miles from the Talapoosa Mine.

The historic Walker Lane Mineral Belt in western Nevada is a highly mineralized trend that contains several world-class epithermal precious metals deposits such as:

  • the Comstock Lode (estimated production of 8.6 million ounces of gold and 192 million ounces of silver);
  • Round Mountain (Barrick / Kinross) (over 10 million ounces of gold produced since 1906); and
  • Rawhide, Aurora, Goldfield mines.

Additional porphyry copper deposits are at Yerington (1.75 billion pounds of copper produced from 1953-1978 by Anaconda Copper Company).

About Willow Creek Enterprises Inc.

Willow Creek is a gold, silver 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 projects 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.

Terry Fields, President

Please visit the Willow Creek website www.willowcreekenterprisesinc.com for any further information.

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.

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