Williams Creek Explorations Limited Announces Commencement of Winter Drill Program at ATW Property
11 February 2011 - 1:45AM
Marketwired
Williams Creek Explorations Limited ("Williams Creek," "WCX," or
"the Company") (TSX VENTURE: WCX) is pleased to announce that its
2011 exploration program at the ATW Diamond Property is expected to
commence by February 13, 2011. Williams Creek has a 30% working
interest in the ATW Diamond Property located at Mackay Lake, NWT.
The exploration program is in partnership with Almaden Minerals
Ltd. (TSX: AMM)(NYSE Amex: AAU). Exploration crews are currently
mobilizing to the field camp at Mackay Lake.
The ATW project is located proximal to a number of active
diamond projects: The Diavik Mine lies about 29 kilometres north,
the Snap Lake Project is about 68 kilometres southwest, the
Mountain Province/De Beers Gacho Kue Project is about 72 kilometres
southeast, and Peregrine Diamonds Ltd's DO-27 Kimberlite lies 20
kilometres to the northeast.
"The ATW Project is an ongoing high-risk/high-prospective-return
exploration endeavor," said Williams Creek Chairman and CEO Michael
Sonnenreich. "It fits well into Williams Creek's corporate strategy
of exploration, joint-venture and investment, and financings,
providing an opportunity for shareholders to be part of an
interesting venture at a cost that makes sense."
The winter 2011 ATW Diamond Property exploration program will
comprise the completion of approximately 134 sonic overburden drill
holes. The holes will be drilled within a 3 kilometre by 4
kilometre area of interest that lies at the at the "up ice"
terminus of a 20 kilometre long kimberlite indicator mineral (KIM)
dispersion train. The dispersion train has been traced "up ice" and
easterly under MacKay Lake over several campaigns by Almaden and
partners.
The purpose of the 2011 drill program is to define the "up ice"
and lateral extent of the head of the KIM dispersion train under
Mackay Lake. Previous sonic drilling campaigns completed during
2003 and 2008 (see Almaden Minerals Ltd. press release: October 22,
2008) have defined the southern and "up ice" (eastern) cut-off of
the dispersion train, resulting in the definition of the present
high priority area if interest. Based on the results of winter 2011
exploration, targets will be chosen for diamond drill testing
during winter 2012.
The 2011, ATW Diamond Project exploration program is being
conducted under the supervision of Kristopher J. Raffle, P.Geo.,
APEX Geoscience Ltd. Mr. Raffle is a qualified person as defined by
National Instrument 43-101 and is responsible for the preparation
and approval of the technical information disclosed in the News
Release.
About WCX:
Visit http://www.WilliamsCreek.ca to learn more about Williams
Creek Explorations Limited.
Williams Creek Explorations Limited 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, of British Columbia. The Company
also has a net 30% interest in the ATW diamond property in the
MacKenzie Mining District of the Northwest Territories.
On behalf of the Board of Directors
Michael Sonnenreich, President
This news release may contain forwardlooking 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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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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