Williams Creek Explorations Limited Receives Approval for Barkerville Mountain Diamond Drilling Program
21 October 2010 - 10:55PM
Marketwired
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.
Contacts: Williams Creek Explorations Limited Michael
Sonnenreich 514.393.3232 Williams Creek Explorations Limited Dov
Zigler 514.393.3232 www.WilliamsCreek.ca
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