Williams Creek Explorations Limited Commences Exploration Program on Its Barkerville and Pine Properties
04 May 2011 - 11:30PM
Marketwired
Williams Creek Explorations Limited ("Williams Creek", "WCX", or
"the Company") (TSX VENTURE: WCX) is pleased to announce the start
of its 2011 Phase I exploration program at its 100% owned
Barkerville Crown Granted mineral properties. Mobilization of the
drill and crew is underway with drilling anticipated to begin May
5th.
The Phase I program is composed of 5,000 metres of diamond
drilling in two stages as well as trenching. The first stage will
include 2,500 metres at 10 sites as well as 700 metres of
trenching. The drilling and trenching programs will take place
within a 2.0 square kilometre area of interest south and west of
Barkerville Historic Town Site. Drilling and trenching locations
were selected based on a thorough review of historical data
conducted by Childs Geoscience Inc. Consulting Economic Geologists
of Bozeman Montana, as well as to follow up previously identified
but unexplored geophysical and geochemical anomalies.
Results from previous drilling programs between 1947 and 1991 on
WCX's Barkerville properties have included drill intercepts grading
from 0.17 to 2.85 ounces/ton. The WCX properties lie less than a
kilometre east of Barkerville Gold Mines' Bonanza Ledge gold
sulphide zone, which is currently in the late stages of the mine
permitting process.
This season the Company also plans to undertake an expanded
geochemical sampling program on its 100% owned Pine Property at
Stanley, BC. A trenching program is planned for later in the season
and an application is in process for a Mines Act permit. The Pine
Property program intends to follow up on previously identified soil
geochemical anomalies.
The Company is also pleased to announce it has opened a field
office to serve as its regional base of operations. All core
logging, sawing and storage will be conducted at this secure site
located at 2307 Corbett Road, Quesnel, BC.
Williams Creek has contracted with Accurate Mining Services Ltd.
of Quesnel, BC to be the Project Manager for this year's drilling
program. "I am quite pleased to be working with Accurate Mining
Services Ltd.," said Michael Sonnenreich, CEO and Chairman of the
board. "Ms. Fran Macpherson of Accurate Mining has extensive
experience in the Barkerville area and we are confident that we
will achieve good results and do so on budget."
The 2011 field program is being conducted under the supervision
of John F. Childs, PhD. (Childs Geoscience Inc. Consulting Economic
Geologist of Bozeman Montana) who will act as the qualified person
as defined by National Instrument 43-101 for all technical
disclosures.
The Cariboo gold belt and the Barkerville Camp have a long
history of gold production dating back to the 1800s. Historically
the Barkerville Camp, which includes later lode production in
Wells, has reported gold production of 3.8 million ounces,
including 2.6 million ounces from surface placer and 1.2 million
ounces from lode mining. When placer gold production peaked in the
late 1890s, WCX's Black Jack (District Lot 1B), Home Stake
(District Lot 4B), Cornish (District Lot 1F) and Wintrip (District
Lot 32F) Crown Granted mineral claims were among the first acquired
in the early search for lode gold.
On Behalf of the Board of Directors
Michael Sonnenreich,
Chairman of the Board of Directors and CEO
Williams Creek Explorations Limited
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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