Williams Creek Gold Limited Reports Additional Results from Its Phase I Drilling Program on its Barkerville Property
August 08 2011 - 9:17AM
Marketwired
Williams Creek Gold Limited (TSX VENTURE: WCX) ("Williams Creek,"
or "the Company") is pleased to announce the results for Drill Hole
11-20, drilled as part of its 2011 exploration program on the
Company's Barkerville property. The property consists of 28 Crown
Granted mineral claims east of Barkerville Gold Mines' Bonanza
Ledge pit, currently pending permitting, and adjacent to the
Barkerville Historic Site.
Drill Hole 11-20 was drilled on the Morning Star Crown Granted
mineral claim in the northwestern part of the Williams Creek claim
block. Significant intercepts are summarized below.
The main gold zone extends from 792.0 feet through 854.5 feet
for a total of 62.5 feet (19.1 meters) at a grade of 2.60 grams per
metric tonne (0.08 ounce per ton) including an interval from 792.0
feet to 817.0 feet for a total of 25 feet (7.6 meters) grading 5.08
grams per metric tonne (0.15 ounce per ton). The hole was still in
the strong pyritic vein zone when it had to be terminated at 877.0
feet because all available drill rods had been used.
Hole Number Angle Azimuth
---------------------------------------
WCX-11-20 -45 030
Intercept (ft) Interval Intercept (m) Interval Gold Grade
-----------------------------------------------------------------------
(Grams/Metric
From To (ft) From To (m) Tonne)
-----------------------------------------------------------------------
599.5 603.0 3.5 182.7 183.8 1.1 23.5
640.0 646.8 6.8 195.1 197.1 2.0 4.89
748.0 751.0 3.0 227.9 228.9 1.0 13.5
751.0 753.0 2.0 228.9 229.5 0.6 13.2
753.0 754.7 1.7 229.5 230.0 0.5 2.29
792.0 794.0 2.0 241.4 242.0 0.6 11.8
794.0 795.5 1.5 242.0 242.5 0.5 0.44
795.5 797.0 1.5 242.5 242.9 0.4 1.84
797.0 807.0 10.0 242.9 246.0 3.0 4.73
807.0 812.0 5.0 246.0 247.5 1.5 1.64
812.0 817.0 5.0 247.5 249.0 1.5 8.91
817.0 821.0 4.0 249.0 250.2 1.2 0.22
821.0 822.0 1.0 250.2 251.5 0.3 3.38
822.0 824.0 2.0 250.5 251.2 0.7 1.06
824.0 827.0 3.0 251.2 252.1 0.9 3.27
827.0 830.0 3.0 252.1 253.0 0.9 0.19
830.0 833.0 3.0 253.0 253.9 0.9 1.88
833.0 837.0 4.0 253.9 255.1 1.2 0.38
837.0 847.0 10.0 255.1 258.2 3.o 0.48
847.0 852.0 5.0 258.2 259.7 1.5 1.22
852.0 854.5 2.5 259.7 260.5 0.8 0.122
This drill hole explores a gold trend that was suspected to be
present based on the results of historic drilling to the northwest.
This new zone occurs approximately 1,000 meters northwest of a
second vein zone reported previously for Drill Holes 11-1 through
11-6 (See News Release dated July 7, 2011). The mineralization in
Drill Hole 11-20 is hosted in dark grey quartzite and black
argillite and includes numerous quartz veins with up to 80% pyrite.
The main mineralized zone is structurally complex and includes
numerous gouge and breccia zones. The veins appear to be part of a
disrupted sheeted or stockwork system based on the variations in
angles between the veins and the core axis.
Michael R. Sonnenreich, Chairman and CEO of Williams Creek,
commented "We are pleased with the results from Hole 11-20. This
hole has confirmed the presence of a vein system with significant
width and grade in an area of limited historical drilling. We
intend to follow up on this zone as well as the vein system
reported earlier in the Stouts Gulch area in our Phase II drilling
program planned for early fall 2011."
Williams Creek is also pleased to announce the completion of its
soil sampling program on its Pine group of mineral claims in the
Stanley area west of Barkerville. A total of 135 samples were
collected (assays pending) during a six day program to follow up on
previously identified anomalous areas.
The technical information in this news release has been reviewed
and approved by consulting geologist John F. Childs, PhD., Childs
Geoscience Inc. Consulting Economic Geologists of Bozeman Montana,
a qualified person as defined in National Instrument 43-101.
On behalf of the Board of Directors,
Michael R. Sonnenreich, Chairman and CEO
About Williams Creek Gold Limited (WCX)
Visit http://www.WilliamsCreek.ca to learn more about Williams
Creek Gold Limited.
Williams Creek Gold 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, royalty
and finance agreements.
Williams Creek Gold Limited owns twenty-eight Crown Granted
mineral claims known as the Barkerville Project in the immediate
vicinity of Barkerville, BC in the Cariboo mining division. The
Cariboo gold belt and the Barkerville Camp have a long history of
gold production dating back to the 1800s. Historically the
Barkerville Camp 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, Williams Creek Gold'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.
Williams Creek Gold Limited also owns a block of four mineral
claims 17km west of Barkerville known as the Pine Properties. The
Company has three Crown Granted mineral claims in the Kamloops
Mining Division, two of which are adjacent to New Gold's New Afton
project. Additionally, Williams Creek Gold Limited has a net 30%
interest in the ATW diamond property in the MacKenzie Mining
District of the Northwest Territories.
This News Release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events and conditions and therefore involve inherent risks and
uncertainties. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our industry, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested herein. Except as required by applicable law, the Company
does not intend to update any of the forward-looking statements to
conform these statements to actual results. All phases of the
Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance
that the Company will obtain all the requisite permits for future
development. Mining is an inherently risky business with large
capital expenditures and cyclical metals markets.
Neither the 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 Gold Limited Michael R. Sonnenreich
Chairman and CEO (778) 370-1393 (604) 688-1320 (FAX)
www.WilliamsCreek.ca