Williams Creek Gold Limited announces the start of 2012 program in the United States
Thursday, Jun 21, 2012Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek", "WCX" or the "Company") is pleased to announce that now that the Company has begun work on its British Columbia exploration projects (NR WCX12-07, June 12 2012) and on its Big Sky joint venture with Tyhee Gold Corp in Yellowknife (NR WCX12-06, May 31 2012), it is also initiating its 2012 USA exploration program with a primary focus on Nevada properties.
The 2012 US program is designed, in part, to follow up on prospects developed during the 2011 US program which consisted of limited reconnaissance exploration, staking of the BOPS epithermal system in north central Nevada, and the evaluation of several properties in Nevada, New Mexico, Utah, Idaho, Arizona, and California.
The 2012 US program will initially focus on projects located in Nevada, with a specific emphasis on joint ventures or partnerships on mid- to late-stage prospects that were developed by Williams Creek over the past few months. The program will primarily focus on the prolific gold districts of Nevada and will include due diligence, property evaluations, discussions with companies interested in joint ventures or partnerships, and reconnaissance exploration. Field evaluations are already planned for several gold properties that meet the Company's established criteria.
The program will be conducted by Childs Geoscience Inc., Consulting Economic Geologists, of Bozeman, Montana. Williams Creek is actively seeking joint venture submissions from interested property owners and companies.
Michael R. Sonnenreich, Chairman and CEO of Williams Creek Ltd, commented, "We are excited to establish a presence in this world-class and very productive gold region. Acquisition of properties in Nevada and adjacent areas represents an opportunity to operate year-round in stable political environments that are friendly to mining activity, while increasing shareholder value through the diversification of our projects."
The technical information in this news release has been approved by consulting geologist John F. Childs, PhD. Mr. Childs is a "Qualified Person" as defined under National Instrument 43-101.