Michael R. Sonnenreich, Chairman and CEO of Williams Creek, Joins Tyhee Development Corporation Board of Directors
05 November 2010 - 12:00AM
Marketwired
Williams Creek Explorations Limited (TSX VENTURE: WCX) ("Williams
Creek," "WCX," or "the Company") is pleased to announce that
Michael Sonnenreich, Chairman and CEO of Williams Creek, has joined
the board of the Tyhee Development Corporation ("Tyhee"), a
publicly-traded company (TSX VENTURE: TDC) engaged in the
exploration and development of mineral properties in the Northwest
Territories near Yellowknife. Mr. Sonnenreich's appointment to the
board of Tyhee was made in conjunction with Williams Creek's
acquisition of 10,000,000 newly issued shares in Tyhee (Williams
Creek NR, November 1, 2010).
"I am enthusiastic about joining the Tyhee board," said Mr.
Sonnenreich. "Williams Creek has made a meaningful investment in
Tyhee, and I intend to work with Tyhee's management and board to
advance our mutual interest in the success of Tyhee."
Tyhee reports 1.95 million ounces of gold in Measured and
Indicated Resource categories, which are in part inclusive of
811,200 ounces of gold in the Proven and Probable Reserve
categories. There are also 269,000 ounces of inferred gold (Tyhee
NR, July 22, 2010). The resources occur in five gold zones which
are all open to depth, two of which are also open along strike. Two
new gold zones have been discovered this year (Tyhee NR, August 11,
2010). The Yellowknife gold camp has produced over 14.5 million
ounces of gold in the past.
Denis Taschuk, Tyhee's Chairman of the Board reports, "We are
pleased to have a man of Michael's caliber on the team. His
experience in law, finance and in corporate governance will assist
the board and management of Tyhee to move its wholly-owned gold
project forward towards production."
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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