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WCX

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Williams Creek Announces First Results from Big Sky Geological Reconnaissance & Sampling Program

18/09/2012 8:00pm

Marketwired Canada


Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek", "WCX" or the
"Company") is pleased to announce positive first results from its geological
reconnaissance and sampling program on its Big Sky joint venture, Yellowknife,
NT, Canada. The Company is earning 50% of the Big Sky Property from its Joint
Venture partner Tyhee Gold Corp. (News Releases WCX12-04, March 31/12 and
WCX12-06, May 31/12).


The rock samples are reconnaissance grab samples and were initially assayed for
gold by Acme Labs in Vancouver using fire assay method 3B01 with an ICP-ES
finish and additional 46 element analysis using 1EX ICP-MS. All samples
containing values greater than 10,000 parts per billion (ppb) gold were
re-assayed using two M150 G6.ME assays, one for the fine fraction and one for
the coarse fraction of the samples, to offset the 'nugget effect'. The coarse
and fine values were then combined by Acme Labs to arrive at the total grams per
tonne (gm/t) reported for the samples.


The results reported here are for samples returning greater than 500ppb. These
are initial results from a helicopter supported geologic mapping and sampling
program involving a senior geologist and a two-man prospecting team with long
experience in the Yellowknife district. The Big Sky property is located to the
north along strike from, and in similar host rocks to, the prolific Yellowknife
gold district. The samples were collected from both previously known and newly
identified mineralized shear zones. Additional sample results are pending. A
summary report on the 2012 geological investigation is expected in early October
and will be used to plan follow up programs, particularly targeting highly
anomalous gold values. 


The following table lists the sample description, the Fire Assay ICP-ES parts
per billion (ppb) gold and the combined total gold M150 G6.ME assays in grams
per tonne.




-----------------------------------    -----------------------------------
                            Au-M150                                Au-M150
                              G6.ME                                  G6.ME
Sample         Au-ICP-ES  Total Au,    Sample         Au-ICP-ES  Total Au,
Description          ppb       gm/t    Description          ppb       gm/t
-----------------------------------    -----------------------------------
                                                   greater than          
996011               805               996300            10,000      22.77
-----------------------------------    -----------------------------------
            greater than                                                 
996023            10,000      12.83    996382              1892           
-----------------------------------    -----------------------------------
996036               753               996383              4729           
-----------------------------------    -----------------------------------
996047              3146               996387              1294           
-----------------------------------    -----------------------------------
996048              1477               996388              3285           
-----------------------------------    -----------------------------------
996049              4150               996389              1273           
-----------------------------------    -----------------------------------
            greater than                                                 
996150            10,000      20.19    996390              4820           
-----------------------------------    -----------------------------------
996164               740               996393              6332           
-----------------------------------    -----------------------------------
            greater than                              less than          
996193            10,000       41.4    996394            10,000      53.35
-----------------------------------    -----------------------------------
            greater than                                                 
996195            10,000       7.94    996395              6311           
-----------------------------------    -----------------------------------
            greater than                                                 
996196            10,000      16.27    996396              5606           
-----------------------------------    -----------------------------------
            greater than                                                 
996197            10,000      47.96    996397              2964           
-----------------------------------    -----------------------------------
            greater than                                                 
996198            10,000      17.93    996398              1780           
-----------------------------------    -----------------------------------
996199               523               996399              1434           
-----------------------------------    -----------------------------------
996200              1042               996403              1699           
-----------------------------------    -----------------------------------
            greater than                                                 
996201            10,000      13.68    996405              5442           
-----------------------------------    -----------------------------------
            greater than                           greater than          
996202            10,000      22.52    996407            10,000       9.73
-----------------------------------    -----------------------------------
996232               621               996408               723           
-----------------------------------    -----------------------------------
996233              1469               996414               803           
-----------------------------------    -----------------------------------
996243              8216               996419               578           
-----------------------------------    -----------------------------------
996245              3993               996420              2595           
-----------------------------------    -----------------------------------
996254              7357               996422               622           
-----------------------------------    -----------------------------------
996257               968               996423              2963           
-----------------------------------    -----------------------------------
996349              2556               996425              1057           
-----------------------------------    -----------------------------------
            greater than                                                 
996286            10,000      10.36    996427               614           
-----------------------------------    -----------------------------------
996292              6212               996437              1000           
-----------------------------------    -----------------------------------
996293               932               996440               791           
-----------------------------------    -----------------------------------
996294               672               996451              1181           
-----------------------------------    -----------------------------------
996296              4677               996461              1892           
-----------------------------------    -----------------------------------
996298              7050               996462              3827           
-----------------------------------    -----------------------------------
                                                   greater than          
996299               798               996466            10,000      19.17
-----------------------------------    -----------------------------------



These initial results are located at just seven of the mineralized zones within
the Big Sky Property. Mineralized vertical shears are commonly north south
trending features with variable widths and quartz vein/sulfide content.
Additional assays are pending and will be released upon receipt. A complete map
of the 2012 sample returns will be available on the Company website
(www.WilliamsCreek.ca) once all assays have been released.


Twenty samples occur at the northern portion of the Oro Lake Main Shear Zone, a
10-25m wide 2.8km long shear in mafic volcanics similar to the Giant Mine at
Yellowknife, NT (samples 996286, 996292, 996293, 996294, 996296, 996298 to
996300, 996414, 996419, 996420, 996422, 996423, 996425, 996427, 996437, 996440,
996451, 996461, 996462 and 996466).


Two samples are associated with a previously unrecorded showing east of the Main
Oro Shear in less than 25cm Arsenopyrite in quartz veins occurring on the
contacts of less than 2m wide less than 12m long silicified felsic dikes
(samples 996407 and 996408).


Ten samples are located within Arsenopyrite in quartz veins along the 2-8 m wide
by 1.8k m long WK Zone, a previously explored mafic shear in gneiss (samples
996011, 996023, 996047, 996048, 996049, 996150, 996164, 996201, 996202 and
996349).


Five samples occur in a newly discovered 100 by 100m Soggy Bottom Zone where
Arsenopyrite in thin less than 20 cm quartz veins is hosted by sheared gneiss
(samples 996193, 996195 to 996200, 996254 and 996257).


Five of the samples are associated with the 25m wide and 100m long newly
discovered Dewar's Knob showing which hosts less than 25cm wide, less than 2m
long semi-massive Arsenopyrite lenses within a sheared gneiss (samples 996036,
996245, 996388, 996389 and 996390).


Eight samples occur at the historically explored Havoc Zone which hosts multiple
2-8m wide and 500m long mafic shear zones with Arsenopyrite in quartz veining
(samples 996243, 996382, 996383, 996387, 996393 to 996399, 996403 and 996405).


Two of the samples occur at the Lost Drill showing in less than 30cm by 100m
Arsenopyrite in quartz veins that are sub-parallel to local bedding in
metasediments (samples 996232 and 996233).


"We are delighted with these early results," stated Company Chairman and CEO
Michael R. Sonnenreich, "and will be examining cost effective ways to further
explore these targets."


Brian K. Briggs, President and CEO of Tyhee Gold Corp., noted, "We are pleased
to have a joint venture partner like Williams Creek Gold, that is willing to
develop the Big Sky Property while we are focused on the nearer term development
of our Yellowknife Gold Project, beginning with the nearby Ormsby and Nicolas
Lake gold properties. With their help and investment, Tyhee is able to ensure
that Big Sky receives the attention we are confident it merits."


Mr. Sonnenreich concluded, "Williams Creek is dedicated to increasing
shareholder value and, if these positive preliminary results continue, we see
the Big Sky property as an excellent addition." 


Williams Creek recently completed a soil geochemical program on its wholly owned
Ahbau Lake property, and is awaiting assay results.


The Chubby Bear and Ahbau Creek properties, acquired from New Gold Inc. (News
Release WCX12-03, March 7/12), are currently the subject of ongoing geochemical
soil sampling programs.


The technical information contained in this news release was prepared by Michael
B. Regular, P.Geo., a "Qualified Person" as defined under National Instrument
43-101. Mr. Regular conducted the 2012 Big Sky program. Mr. Regular is an
independent consultant to Williams Creek.


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. Williams Creek Gold Limited also owns the Ahbau Creek,
Chubby Bear and Ahbau Lake claim groups in Central British Columbia. 


Williams Creek Gold is earning a 50% interest through a joint venture with Tyhee
Gold Corp. in the Big Sky Property north of Yellowknife, NWT. 


Additionally, Williams Creek Gold Limited has a net 30% interest in the ATW
diamond property in the MacKenzie Mining District of the Northwest Territories.
Williams Creek also holds the BOPS Project consisting of 32 unpatented lode
mining claims in Pershing County, Nevada.


On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

Williams Creek Gold 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.


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